Australia is at a pivotal moment where prioritising Australian-owned businesses over multinationals is no longer an option but an economic necessity. Australian Owned, the leading advocate for local businesses, is calling on governments to take decisive action to protect and promote Australian enterprises, ensuring the nation’s economic resilience, sovereignty, and sustainability.
Australian-owned businesses are the backbone of the economy, with profits reinvested locally to create high-quality jobs and strengthen regional economies. By contrast, multinationals often prioritise profits for overseas shareholders, leaving Australian communities with little benefit. Prioritising local businesses ensures wealth stays within our borders, fostering long-term economic independence.
Global disruptions have exposed Australia’s reliance on international supply chains. Local businesses have the unique ability to develop secure, resilient supply chains, reducing risks of shortages and ensuring the nation’s self-sufficiency in times of crisis.
Australian-owned companies are at the forefront of innovation, creating solutions tailored to the nation’s unique challenges, from renewable energy to advanced manufacturing. Government support can amplify these efforts, ensuring Australia leads in sustainable practices while creating jobs of the future.
National security is tightly linked to economic independence. Investing in Australian-owned enterprises reduces foreign influence over critical sectors like energy, transport, and defence, ensuring control over infrastructure and technologies vital to national safety.
Local businesses are woven into the fabric of Australian communities, providing employment and supporting local charities, events, and infrastructure. Their success directly translates into thriving, vibrant regions.
Supporting Australian businesses empowers them to scale and compete internationally, strengthening the nation’s global standing. This diversification reduces dependence on resource exports and positions Australia as a leader in innovation-driven industries.
Unlike multinationals, which often exploit tax loopholes and avoid local regulations, Australian-owned businesses are committed to complying with national standards, ensuring fair practices and sustainable growth.
A Call to Action for Governments
Australian Owned is urging governments to take the following steps to prioritise Australian businesses:
- Implement preferential procurement policies that Favor local companies.
- Provide financial incentives to support innovation and manufacturing.
- Simplify regulatory frameworks for small and medium enterprises.
- Expand programs that support Australian businesses in exporting and scaling
globally.
“Supporting Australian-owned businesses isn’t just good economics; it’s an investment in our nation’s future,” said Micheal Leighton from Australian Owned. “By backing our local businesses, we are ensuring a prosperous, independent, and resilient Australia for generations to come.”
About Australian Owned
Australian Owned is dedicated to advocating for the success of local businesses, ensuring they receive the recognition and support needed to drive Australia’s economic growth and community development.
