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Micro Business Closures: Which Suburbs in Ballarat are Feeling the Economic Pinch?
The number of businesses with an annual aggregated turnover less than $50,000 exiting the market sector of the economy. A business exit occurs when an active business on the Australian Bureau of Statistics Business Register at the end of the previous financial year is no longer active. Business exits include businesses that have cancelled their ABN, changed their ABN due to a merger or acquisition, ceased to exist, or moved into the non-market sector of the economy. Data from 2020| Area | Value |
|---|---|
| 1. Ballarat | 420 |
| 2. Golden Plains | 88 |
| 3. Hepburn | 87 |
| 4. Mount Alexander | 79 |
| 5. Loddon | 34 |
| 6. Pyrenees | 33 |
| 7. Central Goldfields | 25 |
