Artificially supporting local businesses for short-term survival

Author
Newstalk ZB,
Publish Date
Fri, 11 Sep 2020, 12:35PM
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Artificially supporting local businesses for short-term survival

Author
Newstalk ZB,
Publish Date
Fri, 11 Sep 2020, 12:35PM

The effects of Covid-19 are pushing many small to medium business to the brink.

We heard it yesterday from many of our callers in the events or travel industries.

One lady had a staging business involving marquees. She is upset that the events that are going ahead, are bringing their marquees and equipment in from overseas.

Another caller responded that if you already own your marquee, you'll save money by throwing it in a container and shipping it here, but of course, it won't support the local economy.

So is it better to spend at your local and artificially inflate the business in the short term, or let them sink or swim?

To discuss this, Senior Economist at Infometrics Brad Olsen joined Kerre McIvor.

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