With a focus on creating growth in regional areas, a loan offered through Jobs for NSW is providing extra incentives for emerging businesses such as The Glass Lab in Tweed Heads - turning the company into the biggest surfboard manufacturer in Australia. Founder Adam Wessel took advantage of the zero
interest rate on the Regional Growth Loan (RGL) which allowed him to move the business into a world-class facility, increase production and manufacture
high quality surfboards. It also generated 17 new jobs, bringing the company up to 20 employees.
Regional Development Australia (RDA) Orana executive officer Megan Dixon said the RGL is designed to provide funding to new businesses in regional
areas that are fast-evolving and need the extra help from Jobs for NSW to overcome financial barriers.
“Not only has it been beneficial for many businesses, it is also generating growth in regional NSW through the promotion of tourism, creation of jobs
in new and existing industries, regional innovation, access to new markets and encouraging people to live in regional NSW.”
The direct loan can range from a minimum of $200,000 per project to a maximum of $500,000. To be eligible for this loan, a project or applicant must
fit the following guidelines:
“It is is important for regional businesses to embrace this opportunity created by Jobs for NSW because the financial support enables emerging business
to achieve goals they may not have thought possible.”
“This will in turn have a large impact on business profitability, production and reputation, along with benefiting regional community growth.”
For more information, please visit https://www.jobsfornsw.com.au/our-products/regional-growth-loans