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Small business ownership booms with an influx of new immigrants

Author
Newstalk ZB,
Publish Date
Fri, 19 Jul 2024, 8:24am
Photo / File
Photo / File

Small business ownership booms with an influx of new immigrants

Author
Newstalk ZB,
Publish Date
Fri, 19 Jul 2024, 8:24am

New data suggests demand for owning a small business is booming. 

ABC Business Sales reveals store ownership sales in the last three months were nearly 40% higher compared to the same period last year. 

It's also received more than 20 thousand enquiries from potential business owners in the last 12 months, ending June. 

Managing Director Chris Small told Mike Hosking an influx of new immigrants is a large proportion of the new business owners. 

He says the majority are coming from the Philippines, India, and China, and it seems they're keen to work for themselves. 

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