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


Small Business and Job Growth undeniable Links

3 August 2005

Small Business and Job Growth undeniable Links

"Small Businesses created 131,640 jobs between 2000 and 2004 and accounted for over one third of the nation's economic output," said Small Business Minister Rick Barker today, quoting from the Ministry of Economic Development's latest Small Business report.

The report from the Ministry of Economic Development identified that 131,640, or 60 per cent, of new jobs generated in the four years between 200 and 2004 had been created in small businesses around New Zealand. 96 per cent of businesses in New Zealand employ fewer than 20 people and 86 per cent of those employ fewer than five.

"This represents enormous growth in the small business sector, there have to be more businesses starting up and there have to be more businesses succeeding in New Zealand, for so many people to find work," said Mr Barker.

The report, entitled Structure and Dynamics, provides a statistical breakdown of the nature and contribution of small businesses to the New Zealand economy. The report includes information on the number, size, value-added contribution and a breakdown by industry and performance measures used to asses the output of small businesses.

This contribution to employment outcomes alone represents almost half of all new jobs created since 1999.

"We have seen someone going into a new job at the rate of one person in a new job every ten minutes since 1999, and almost every second person is getting a job in a small business somewhere in New Zealand, this is great news" said Mr Barker.

The report comes on top of recent acknowledgement that New Zealand businesses operate in one of the freest and most open markets in the world and the World Bank in its Doing Business in 2005 report said that New Zealand is the easiest country in the world to do business.

"This Labour-led government has done a lot to assist small business, especially in the reduction of compliance costs where we have reduced the number of costs associated with doing business with government by 90 per cent, we intend on maintaining our World Bank ranking into the years ahead" said Mr Barker.

"What is heartening to see is that in balancing the hard work being done by small business owners against the efforts of the government to make doing business easier, the positive results are starting to show"

The Labour-led government recently announced a number of new, key, small business focussed initiatives designed to make owning and operating a small business easier in New Zealand. Initiatives include the new $40 million Seed Co-Investment Fund, the Inland Revenue and Companies Office small business website, and the $1.42 billion suite of small business focussed tax changes.

"The link between small business success to job and economic growth in New Zealand is undeniable. It is a true testament to the hard work being done by small business operators," said Mr Barker.

The report can be read at http://www.med.govt.nz/irdev/ind_dev/smes/index.html


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


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>>


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>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news