South Australian small businesses affected by coronavirus shutdowns could be eligible for a $10,000 cash injection from the state government this month.
The cash boost is part of the State Government’s second phase of its COVID-19 stimulus package.
South Aussie businesses turning over at least $75,000 with wage bills up to $1.5 million can claim the grant.
Premier Steven Marshall previously announced that eligible businesses would also have payroll taxes waived.
The news has already been welcomed, with CEO of Business SA Martin Haese saying that the financial support will help thousands of struggling businesses.
“This $10,000 cash payment, which is expected to be received in the next two to three weeks, will mean businesses can now pay those rent and power bills,” Haese said in a statement.
Meanwhile, Australia’s largest job rescue package has passed through parliament, meaning that the previously touted JobKeeper package is expected to start flowing from the start of May.