The Victorian Government is amplifying its support for multicultural businesses and traders through a targeted grant initiative designed to bolster their positive impact on local economies.
Today, Minister for Small Business Natalie Suleyman unveiled the Multicultural Business Chambers and Trader Groups Program, offering grants of up to $20,000 and inviting applications from eligible business groups.
The program aims to empower these groups to enhance the presence and success of multicultural businesses within their communities. Funding can be allocated towards initiatives fostering collaboration, skill development, and the celebration of diversity.
Minister Suleyman expressed her enthusiasm for the initiative, highlighting its potential to drive local economic activity while celebrating the diversity that defines Victoria.
Minister for Multicultural Affairs Ingrid Stitt emphasised the importance of multicultural businesses in showcasing the unique cultural fabric of Victoria, affirming the program’s role in sustaining their growth and prosperity.
Projects eligible for support include efforts to educate business owners on digital and in-language marketing strategies, the organisation of local business expos, and the facilitation of networking opportunities.
This initiative forms part of the government’s broader $17 million commitment to equipping multicultural businesses with the necessary skills and resources to thrive.
Victoria boasts a vibrant small business community, with over 701,000 enterprises, among which 34 percent are owned by migrants. The contribution of multicultural businesses to the state’s economic landscape is significant, extending beyond economic prosperity to enriching cultural diversity and fostering global connections.
Applications for the program are now being accepted until July 17. Further details about the program and application procedures can be found at business.vic.gov.au.
