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Export grant for local company.



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Media Release

Bob Baldwin MP

Federal Member for Paterson

1 April 2003

EXPORT GRANT FOR LOCAL COMPANY

Local company Botanical Essentials has received an Export Market Development Grant of $32,001.

The grant will enable the business, which manufactures essential oils, to continue it’s overseas success.

“Receiving this grant is a pat on the back for Botanical Essentials for putting in the hard yards to build an export market for their product,” the Federal Member for Paterson, Bob Baldwin said.

“Just as importantly, this grant also provides a boost to the local area and supports local jobs.”

Research shows that for every EMDG dollar given, an additional $12 in exports is generated, the income from which flows directly into local economies.

Exporters also provide vital jobs for Australians in this area and around the country. In fact, one in five jobs depend on exports.

Because of these tremendous benefits, the Government has set a target to double the number of exporters in the next five years.

“I’d encourage local companies who aren’t already selling overseas to consider getting into exporting and take advantage of the EMDG scheme and new assistance packages available,” Mr Baldwin said.

The EMDG Scheme, which is administered by Austrade is the federal Government’s primary financial assistance program for aspiring and current exporters.

In 2001/02 EMDG’s totalling $143 million were paid to around 3,100 Australian companies which in turn generated exports worth $5 billion and employed a total of 117,000 Australians.

For more information on the scheme and how Austrade can help you get ready to export contact Austrade on 13 28 78 or visit http://www.austrade.gov.au