FEDERAL Member for Mallee Dr Anne Webster reminds residents of the region that it is “extremely important” now more than ever to support local business.
With businesses struggling to remain viable under the strain of coronavirus restrictions, Dr Webster said that the difficult economic conditions would require businesses to be innovative.
“Well clearly business plans will need to change size and scale, and to be innovative if they are going to survive the tough conditions during the next six to 12 months,” she said.
“There will be businesses that succeed and, unfortunately, there will be ones that fail.”
With the Federal Government releasing its two stimulus packages, totaling $83.7 billion, Dr Webster said it was essential to provide short-term relief to small business during the economic downturn.
Although potentially costing more over the long-term, Dr Webster also said that the move by the banks to offer loan repayment deferrals to small businesses would help them deal with their immediate needs.
“Clearly that’s an excellent move which allow people to reassess their finances and provide short-term relief,” she said.
“But they will have to assess the medium to long term costs.”
Also concerned with panic buying, Dr Webster said that she was “appalled” about the way certain members of the public have behaved during the pandemic.
“There is no problem with supply. It’s about restocking,” she said.
“The way some members of the public have behaved has been shocking and I have been appalled by this,” she said.
Dr Webster said that it was reasonable for locals to check ID’s to ensure that the community is not deprived of essential goods.
“The people who come from metropolitan hubs, who are probably get more deliveries, are taking away essential goods from people in smaller towns.”
See page 7 of Friday's Herald to see some of the businesses around the Yarriambiack still trading.