March 18, 2020
Maori firms must line up for Covid-19 stimulus help
The chair of Māori trade body Te Taumata Chris Karamea Insley says this week’s announcements of moves to juice the economy in the face of the Covid-19 pandemic is overwhelmingly positive for Māori.
The announcements include not only yesterday’s $12.1 billion stimulus pack which included in wage subsidies and a permanent increase in benefit rates but also the Reserve Bank cutting the cash rate to almost zero and the trading banks being given the green light to release some of the $50 billion in capital they hold.
"So I see the initial $12b, on top of the $50b or so as just the start for helping our country, our economy, our businesses, our Māori businesses, get through these difficult times and build resilience for the longer term," Mr Insley says.
Māori organisations and businesses need to make themselves aware of what support is out there and register themselves for any assistance available to them.
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