MEDIA RELEASE - Credit Squeeze Hampers Business Growth in Macarthur
The MACROC 2009 Macarthur Business Survey, conducted during June and July, has identified the credit squeeze as a major constraint to the expansion of business in Macarthur.
MACROC President, Cr Anoulack Chanthivong, said that lack of credit is a source of some anxiety to businesses in Macarthur.
“Along with poor infrastructure and subdued demand conditions, the credit squeeze is placing additional pressures on local business".
“The survey identified the negative image of the area as a major disadvantage of doing business in the region, which I believe is a perceptual issue, not shared by businesses already established here who contrarily believe that Macarthur has many lifestyle and business advantages".
“I would like to thank the businesses who participated in the survey. I appreciate that many demands are made of local business and that it is difficult to find the time to do things that are immediately relevant to the operation of that business".
“For those who were able to make the time to respond, their comments will form part of the update of the Macarthur Economic Development Plan, which commenced on 31 August 2009,” Cr Chanthivong said.
The survey, in which 84 businesses from a wide range of industries participated, provides insights into future training needs, investment demand and procurement practices. The results can be viewed at www.macroc.nsw.gov.au
Cr Anoulack Chanthivong
File: MEDIA RELEASE - Credit Squeeze Hampers Business Growth in Macarthur
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