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Refugee entrepreneurs stimulate Australian economy

Iranian refugee, Hamid Ariento
Iranian refugee, Hamid Ariento Source: SBS

A new report has found evidence that, with the right support, refugee entrepreneurs provide million-dollar economic benefits to Australia.


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By Biwa Kwan, Jin Sun Lane

Source: SBS



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A new report has found evidence that, with the right support, refugee entrepreneurs provide million-dollar economic benefits to Australia.


Over three years, the pilot program run by Settlement Services International has seen 68 per cent of participants -- 66 refugees -- successfully establish a business.

 

As a result, the majority of refugee entrepreneurs have moved off Centrelink payments, with some also paying company tax and generating new jobs.

 

Professor of Social Economics Jock Collins -- from the University of Technology Sydney (UTS) Business School -- has authored a report on the economic impact of the program.

 

He says the refugee entrepreneurs have produced a net gain to the economy in the order of millions.

 


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