Victoria Launches $20,000 Grants for Business Trader Groups

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The Allan Labour Government in Victoria is reinforcing its commitment to multicultural businesses and traders with the launch of a targeted grant programme designed to enhance the positive impact of these enterprises on local economies. Minister for Small Business Natalie Suleyman announced that applications are now open for the Multicultural Business Chambers and Trader Groups programme, offering grants of up to $20,000.

This initiative aims to support projects that foster collaboration, skill-building, and the celebration of diversity within the business community. Eligible business groups can utilise the funds for various activities, including upskilling business owners in digital and in-language marketing, organising local business expos, and facilitating meaningful networking opportunities.

The grant programme is part of the Labour Government’s $17 million investment to equip multicultural businesses with the skills and services essential for their growth and success. With more than 701,000 small businesses in Victoria and 34 per cent of Australian small business owners being migrants, the significance of multicultural enterprises in the local economy is profound. These businesses not only enhance global connections but also generate local employment opportunities and reinforce the cultural diversity of Victoria.

Minister Suleyman emphasised the central role of small businesses in the economy and the government’s dedication to supporting trader groups that back them. “Small businesses are at the heart of our economy, and we’re backing the traders groups that support them. This grant programme will deliver multicultural events that drive local economic activity and celebrate Victoria’s diversity,” she stated.

Minister for Multicultural Affairs Ingrid Stitt also highlighted the importance of multicultural businesses in showcasing Victoria’s cultural richness. “Multicultural businesses showcase Victoria’s cultural diversity and are an important part of what makes our state unique; this programme will help those businesses continue to grow and thrive,” she said.

Applications for the Multicultural Business Chambers and Trader Groups programme are open until July 17.

This grant programme represents a significant opportunity for multicultural business groups in Victoria to enhance their impact, support local economies, and celebrate the vibrant diversity that defines the state.