The embattled Port Stephens tourism and business sectors are breathing a little easier.
It comes after it was announced that up to $500,000 funding was available for initiatives to support these industries, which have taken an economic hit in the wake of the coronavirus pandemic.
At its latest meeting, Port Stephens Council acknowledged that local tourism and business communities were being greatly affected by the worldwide spread of coronavirus and the virus’s unfolding impacts will have a significant effect on the broader economy.
“The tourism industry is worth $621 million to Port Stephens every year and it is estimated that up to 20% of the workforce could be lost over the next 12 months,” Mayor Ryan Palmer said.
“The impact the coronavirus will have on the Port Stephens economy and our whole community is significant.
“The Port Stephens Tourism and Business Support Fund will allow council to respond with agility during this volatile time to provide support to these industries as they need it.”
The council will work with Destination Port Stephens to support and fund destination marketing.
The resolution also committed to an increase investment in attracting and supporting events in Port Stephens.
