National announces cash incentive for new hires

National Party leader Todd Muller. File image/SunLive.

The National Party has announced a cash payment scheme for business that hire new staff.

The scheme will provide a $10,000 cash payment to businesses that hire additional staff National Party leader Todd Muller has announced.

The JobStart scheme would begin on November 1 and run for the remaining five months of the financial year through to 31 March 2021, incentivising up to 50,000 new jobs.

“Today National has announced another part of our plan to create jobs and grow the economy,” says Muller.

“We are committed to supporting New Zealand businesses, in particular small businesses, to invest and grow. JobStart will give small business owners greater confidence to hire new people.

“Small business owners who create jobs will be the heroes of this economic crisis, in the way that our nurses, doctors and all five million of us who stayed home were the heroes of the health crisis.”

Finance spokesperson Paul Goldsmith says thousands of small businesses across New Zealand were starved of revenue during the lockdown and many are still struggling under level two restrictions.

“They are desperate for cash flow and this payment could alleviate some of the pressure they’re facing while also supporting growth.

“The scheme will be capped at 10 new employees, or $100,000 per business. Businesses will need to prove that the new hire is an additional full time equivalent over and above their existing labour force.”

Muller says National is the party for small business.




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2 Comments

Merlin

Posted on 30-05-2020 07:20 | By Slim Shady

You reckon? Just another scheme to be schemed. What the GFC taught us, as if we didn’t already know, is that when the **** hits the fan money is funnelled to the rich. In the 10 years after the GFC the wealthiest got wealthier and the poor poorer. That’s an OECD fact. Roll forward 10 years from now and it will be the same.

The money

Posted on 29-05-2020 15:32 | By Merlin

The money will probably go on wages and will last for about 13 weeks at the minium wage and if people are not coming through the door like before it may not be enough to keep the new employee.If it is used a capital injection it probably will not last long.Customers is what is wanted.

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