Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Small businesses dynamic and vital contribution

Small businesses dynamic and vital contribution to the economy

A new report on the SME sector shows small-medium enterprises form a dynamic and vital part of New Zealand's economy, Minister for Small Business John Tamihere says.

The report, SMES in New Zealand: Structure and Dynamics 2003, is the latest in a series of SME statistical reports jointly produced by the Ministry of Economic Development and Statistics New Zealand since 1999.

The report highlights the significance of SMEs to the New Zealand economy, their financial performance, characteristics and their significance compared to SMEs in other countries.

Mr Tamihere will release the report at 6pm in Auckland this evening when he leads a panel of distinguished business leaders discussing the topic "SMEs: The Engine Room of Our Economy – How to Ensure a Vibrant and Sustainable Business Sector."

Mr Tamihere said the report confirms the importance of the government’s reinvigorated focus on small business.

Using the definition of SMEs as those with the equivalent of 19 or fewer full-time employees, the report shows that 97% of New Zealand firms fit within this category. 87% of New Zealand firms employ 5 or fewer FTEs.

The report builds on related MED research designed to develop an understanding of business practices, performance and perceptions of compliance costs.

“Having a good understanding of the shape of business In New Zealand is essential for developing sensible policies that will aid economic development – this research helps build on that base,” Mr Tamihere said.

Mr Tamihere said a number of recent government initiatives are improving the capabilities and survival rates of small firms. They include:

The ongoing implementation of the recommendations of the Ministerial Panel on Compliance Costs. The recent merger of Industry NZ and Trade NZ, which is improving government service delivery to firms. The new SME directorate within Ministry of Economic Development. The Small Business Advisory Group, which is to be appointed shortly. The SME Summit to be held in February, and subsequent regional SME forums. A discussion document on tax simplification for small business, to be released this month as part of the government's ongoing programme of tax simplification.

The SMEs in New Zealand report also examines in detail SMEs’ contribution to employment and value added, and provides information about the creation and transition of enterprises.

The report is available on the MED website: www.med.govt.nz/irdev/ind_dev/smes/2003/

Anew NZ panel discussion "SMEs: The Engine Room of Our Economy – How to Ensure a Vibrant and Sustainable Business Sector" will be held at 6.30pm at AUT Conference Centre, Wellesley St, Auckland.

Other panellists are Employers and Manufacturers Association CEO Alasdair Thompson, Auckland Chamber of Commerce CEO Michael Barnett, Enterprise Manukau CEO Gaille Deighton, Urgent Couriers CEO Steve Bonnici, Lisa's Healthy Foods Ltd MD Lisa Er, NZ Institute of Management CEO David Chapman and Business in the Community CEO Ray Schofield.

For more information, see http:// http://www.anewnz.org.nz.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news