Nine in ten of all Australian businesses are small businesses, accounting for 33% of Australia’s GDP and employing over 40% of Australia’s workforce. What may surprise some, is that one third of Australian small businesses are owned by migrants. This equates to at least 620,000 migrant-owned businesses across the country. And as this report shows, they are over-performing across a range of measures including job creation, innovation, revenue and growth aspirations.
This report is based on research undertaken by EY Sweeney on behalf of CGU. The study involved 921 online surveys undertaken between 9 August and 17 August 2017.