Australia was the world’s 13th-largest economy in 2017 according to IMF estimates and it hasn’t suffered a recession for over a quarter of a century.
If you’re flexing your entrepreneurial muscles Down Under, Sydney’s a popular choice, but don’t dismiss Melbourne too swiftly — the state capital of Victoria punches well above its weight.
So when you’re looking for the right location for your Aussie SME, here are four reasons Melbourne’s a business hotspot.
1. Government support
The Australian government isn’t resting on its laurels in terms of supporting startup businesses.
Their government’s Research and Development Tax Incentive offers a refundable tax incentive for eligible enterprises with a turnover of less than AUS$20 million — this should take the financial sting out of developing prototypes and testing market demand.…Continue reading