In acknowledging the vital importance of small businesses in Australia, Commonwealth Bank has today signed a partnership agreement with the peak small business advocacy body, COSBOA, to bolster support to the sector.
The partnership will see small businesses provided with timely business and economic insights through COSBOA podcasts and the Small Business Perspective Report to hear how other businesses are operating, and give them a voice in the discussion on small business policy issues among regulators, politicians, and small business leaders at the National Business Summit.
CBA Group Executive Business Banking Mike Vacy Lyle said: “Small businesses are an integral part of Australia’s economy and we appreciate the unique value that each business brings. This partnership will help inform and educate business owners on relevant topics, and provide useable insights and support for their businesses. It will also help ensure small businesses continue to have a strong voice advocating for them.”
To kick-off the partnership CBA CEO Matt Comyn and COSBOA CEO, Alexi Boyd, recorded the first podcast in an ongoing series that will provide monthly insights to small business. Their conversation covers the current support available for small businesses impacted by COVID-19 restrictions, what the economic recovery may continue to look like, and the importance of doing everything we can to support each other and businesses to get through this current period.