Pacific Business Village launches in Tauranga

The Minister for Pacific Peoples launches the Pacific Business Village, at Tauranga's Trustpower Arena. Photo: Supplied.

A new Pacific Business Village that will grow Pacific businesses, fundamental to New Zealand's Covid-19 recovery, has been launched by the Minister for Pacific Peoples Aupito William Sio in Tauranga.

A $16.2million multi-year appropriation in Budget 2021 to support economic development for Pacific communities, has been used by the Ministry for Pacific Peoples - MPP - to create the Pacific Business Village.   The Village will be used as a strategic framework for any long-term economic development work in the regions for Pacific business, the Minister says.

“A key priority of the Pacific Business Village using the Tauola Business Fund, is to provide direct investment into businesses to accelerate their long-term growth and assist with the economic recovery from the impact of Covid-19.”

The Tauola Business Fund provides up to $100,000 grants to support existing small and medium sized businesses in the regions outside of Auckland to create immediate employment, stimulate growth, increase productivity, and ensure Pacific businesses thrive in response to the impacts of Covid-19.

The Ministry for Pacific Peoples leaders and VIPs are welcomed by Ngā Pōtiki at Tauranga's Trustpower Arena for the launch of the Pacific Business Village. Photo: Supplied.

“At the centre of the Village’s vision is the creation of a circular Pacific economy using Pacific business networks, Pacific business providers, and Pacific businesses,” says Sio.

“By collaborating with networks and providers across Aotearoa, the Village can provide better access for Pacific businesses and improve Pacific economic development across Aotearoa.

“The Village is complementary to existing services and meets unmet demand in the regions.”

Auckland Pacific Businesses are already supported by the Pacific Business Trust through partnerships with Amotai and Auckland Unlimited.

Minister Sio says he is excited to be supporting regional Pacific economic development projects.

“They are at the core of our rebuild of the economy.”   

Visit the MPP website for more information about the Pacific Business Village and to apply for the Tauloa Business Fund.

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