Economic stimulus begins at home
Friday, 10th April, 2009
Business BH and local retailers are asking residents to spend their government stimulus payment in local stores to help the Broken Hill economy. With payments due to start arriving from the government soon, President of Business BH, Robin Edgecumbe, is urging people to spend their money in local stores rather than shopping on-line or travelling to Mildura.
"The stimulus payment is designed to keep the Australian economy moving in this time of economic uncertainty, and it is really important that local communities support their local retailers," he said. "We have a great range of stores across the city and the best way to keep them all open is to spend any extra cash we may have locally." Local shop owner Ron Hill, from Outback Whips and Leather, endorses the call to shop locally.
"Whenever a local travels to Mildura to make a significant purchase, we lose money from the city. "When money is spent in Broken Hill it goes towards keeping a wide range of shops open and helps keep people in retail jobs. "We have electrical retailers, furniture and clothing retailers in Broken Hill who can offer great prices and who need local support to keep on trading."
Most locals will receive between $600 and $900 in the next few weeks as part of the Federal Government's Economic Stimulus package, and whilst it is predicted that fewer than 30 per cent of people will spend this money, it is important to the city that residents spend the money in their own town to stimulate their local economy.