Local hit for The Entrance retailers, trades and start-ups.
The Minns Labor Government has doubled down on shutting the successful Business Connect program tomorrow, one day before Small Business Month begins.
In The Entrance, where small businesses are the backbone of the local economy, this is a devastating blow, from high street retailers to tradies and start-ups, Business Connect delivered free, expert advice that helped local enterprises survive and grow.
Statewide, the program supported more than 60,000 small businesses, backed over 40,000 jobs and returned $1.50 for every $1 invested. Surveys showed 96% satisfaction and 98% would recommend the program. Forecasting indicated that by 2032 it could have supported 13,500+ small businesses each year, backing nearly 7,000 full-time jobs annually and delivering over $5 million in net economic benefit each year.
The closure comes as the latest Business NSW Business Conditions Survey shows:
- 97% of businesses are struggling with productivity
- 65% are hit by rising costs
- 42% face skills shortages
- 41% weighed down by red tape
NSW is now the worst state for business insolvencies, both in total and per head, with 7,643 businesses forced into insolvency in 2024–25, a 26% rise in one year.
NSW Leader of the Opposition, Mark Speakman, said: “Axing Business Connect the day before Small Business Month insults every mum, dad and young person giving it a go.”
Shadow Treasurer, Damien Tudehope, said:
“For every $1 invested, Business Connect delivered $1.50 back. At a time when insolvencies are at record highs, this is exactly the wrong program to axe.”
Shadow Minister for Small Business, Tim James, said:
“Business Connect is practical, personal and proven. Instead of standing with the people who keep our communities going, Labor has axed a lifeline.”
Aileen MacDonald MLC, Liberal Duty MLC for The Entrance, said:
“As someone who ran a small business before entering Parliament, I know first-hand how vital programs like Business Connect are for survival and growth. The Entrance’s economy depends on small businesses, from high street retailers to local trades and services. To axe this support on the eve of Small Business Month shows just how out of touch Labor is with our community.”
Shadow Minister for Jobs, Industry, Innovation, Science and Technology, Mark Coure, said:
“From start-ups to advanced manufacturing, every thriving industry relies on programs like Business Connect. Labor has cut jobs, cut growth and chosen politics over people.
”Instead of backing small business, the Minns Labor Government has found $7.9 million for a political deal to establish a new gun-lobby-dominated Conservation Hunting Authority, required to promote hunting regardless of evidence.
