350 events nationwide for Local Enterprise Week

Local Enterprise Week kicks off today with events being held around the country until March 8.

The initiative of the Local Enterprise Offices will see over 350 events take place across the country, which are open to everyone at any stage of business.

There are events for every element of business from improving online marketing and finding new markets to becoming more sustainable and identifying the trends that will affect businesses in the coming years and beyond.

Some of the events include a Pitch Battle for funding, networking with cocktails, a Pier-to-Pier networking walk and a host of AI events to benefit businesses.

Along with the events across the country there are two national spotlight events that will be streamed live during the week and are open to everyone.

The first of these “Understanding and leveraging future trends for your business” looks at the key global trends in the short term and in the next decade to help businesses plan and maximize opportunities around these trends.

This will take place on Wednesday March 6 from 2pm to 4pm.

The second National Spotlight event “The sustainability imperative for your business success” will look at how small business changes can make a

Small businesses poised to play a key role in the country’s economic recovery

Data released today by ANZ Bank New Zealand shows a wave of new small businesses being well-positioned to drive growth in the local economy.

An impressive 62,000 small businesses started up between March and September 2021, twice as many as in the same period in 2016 and 2018.

More than 92 percent are still operating two years later, according to an analysis for New Zealand’s largest bank by data insights company DOT Loves Data.

This compares to 90 percent of those started in 2018, and 86 percent of those registered in 2016, over the same two-year timeframe.

“The first two years are critical for all new businesses, and we’re delighted to see so many reach this important milestone,” said ANZ’s Managing Director of Business Banking Lorraine Mapu.

“It takes a lot of courage and resourcefulness to start a business, and the past few years have been particularly challenging.

“Small businesses really are the backbone of our economy and will play an important role in our economic recovery.

“When they do well, the whole country benefits, so it’s crucial they get the support they need.”

According to data from Stats NZ, there are approximately 546,000 small businesses in New Zealand representing