The Mid West Development Commission wants ideas and feedback from the small to medium sized business sector and the wider community on a long term strategy for boosting business capability and provide economic growth for the region.
A DRAFT Mid West Business Development Strategy has been released, to stimulate discussion and feedback.
The strategy responds to the key issues raised through a process of 122 consultations with businesses across the region from Wiluna to east; Kalbarri to North and Greenhead to the South.
Feedback on the strategy will assist with the verification process of the priority actions to be undertaken to grow businesses in the region. The strategy is a direct result of the Mid West Regional Blueprint process for a future in which the Mid West has “an economically diverse and dynamic business sector that captures the productive capacity of the region and converts opportunity to employment.
Why developing small business is important to the Mid West?
At the heart of the region’s economy are more than 5,000 small businesses. They represent over 96% of Mid West businesses and employ approximately 45% of all private sector workers. Small businesses are the vehicle through which many people enter the workforce, with many having the potential to develop into the larger businesses of the future.
Small businesses operate in most Mid West communities and deliver a diverse range of goods and services across all industry sectors. They often complement the activities of larger organisations and are a key part of the supply chains of many larger regional projects.
Small businesses face a range of challenges including globalisation and a new digital business environment, increases in the cost of doing business, skills and labour supply issues and access to finance. These challenges impact on productivity and business survival, which in turn impacts on families and communities.
To meet these challenges and capitalise on new opportunities, small businesses need to become more efficient, innovative, productive and competitive. A program of initiatives that help create and sustain the right business environment is required.
What we need to do now?
If you have any queries, please contact the Mid West Development Commission via GrowMidWestBiz@mwdc.wa.gov.au
Written SUBMISSIONS can be sent to:
By Mail: PO BOX 238 GERALDTON WA 6531
Via Email: GrowMidWestBiz@mwdc.wa.gov.au