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Kia Ora ,
As we approach the end of May, the spotlight is firmly on the Government's Budget announcement this Thursday. This Budget will be important for the new collation government, their first. It is shaping up as being important for our economy, for our local businesses, and for our communities. We don’t know a lot of the detail for business but we do know that there will be some tax cuts, new policies, and economic measures that could significantly impact our country. We will provide an in-depth analysis next week, breaking down what the Budget means for businesses in the Hutt Valley and how you can navigate these changes.
In the meantime, let's focus on the latest retail sales data, which has important implications for our local economy. Recent figures show a 3.4% decline in retail sales in Wellington compared to last year. This decline, driven by persistent inflation and high interest rates, reflects the broader economic challenges we face. However, it's not all gloomy news. There are opportunities to adapt and thrive even in these uncertain times.
Key Insights and Tips for Hutt Valley Businesses:
- Understand Consumer Behaviour: Despite the overall decline, certain retail sectors have seen growth. It's essential to analyse which products and services are still in demand, as well as identifying customer behaviour trends to adapt product or services and provide a clear value proposition to customers.
- Enhance Customer Experience: In times of economic uncertainty, customer loyalty becomes even more crucial. Consider enhancing your customer service, offering personalised experiences, and creating/enhancing loyalty programs to retain and attract customers.
- Leverage Digital Platforms: With fluctuating foot traffic, having a robust online presence is vital. Invest in your e-commerce capabilities and use social media to engage with your customers and promote your products or services.
- Manage Inventory Wisely: Given the economic slowdown, efficient inventory management is key. Avoid overstocking and focus on items that are moving quickly. This approach can help reduce costs and improve cash flow.
- Stay Informed: Keep an eye on economic indicators and consumer trends. Being proactive and adaptable will help you make informed decisions. Our upcoming Budget analysis will provide further insights and actionable strategies tailored to our local business environment.
Stay tuned for next week’s Budget breakdown, where we will delve into relevant details for the Hutt Valley Business Community and offer guidance on how to position your business for success amidst the everchanging economic landscape.
A Huge Thank you to all our Partners for your continued support.
In this edition of the Hutt Valley Business Weekly:
- Te Wai Takamori o Te Awa Kairangi (Delivering RiverLink) Updates
- National News
- Regional News
- Hutt Valley Manufacturing & Innovation News
- Featured Events
- Member News/Events
Member Offers
Employment Opportunities
Utilities Investigations
Utilities investigations will be conducted on High Street and Margaret Street from Tuesday, 28th May to Thursday, 30th May, between 7 pm and 5 am. Traffic management measures, including stop-go controls and minor one-way detours, will be implemented to ensure community safety. During this period, parking availability may be temporarily restricted, and any such changes will be indicated on cones and signage at least 24 hours in advance. The mobility parks located at 155 and 210 High Street will be temporarily relocated to 10 Andrews Avenue and 204 High Street, respectively. The work will be carried out in phases to minimise disruption across the entire street(s). Updates on the work locations can be accessed
National News
The following news is provided to keep our business leaders up to date.
Retail sectors ends run of declines in March quarter
The retail sector showed some sign of life in the March quarter, rising by 0.5 percent. This ends a bleak run of eight consecutive quarters of declines. Recreational goods and accommodation saw the largest gains, up by 4.7 percent and 4.1 percent respectively. Food and beverage services also saw strong growth, increasing by 2.2 percent and motor vehicle and parts also saw improvement of 1.1 per cent.
Reserve Bank leaves Official Cash Rate unchanged
The Reserve Bank has held the Official Cash Rate unchanged at 5.5 percent last Wednesday. In its announcement, the Reserve Bank stated that restrictive monetary policy is being effective in bringing down inflation, and that they expected it to return to its target of 1 to 3 percent by the end of 2024.
First RMA amendment Bill introduced to Parliament
The coalition Government has today introduced legislation to slash the tangle of red and green tape throttling some of New Zealand’s key sectors, including farming, mining and other primary industries.
RMA Reform Minister Chris Bishop says the Government is committed to
unlocking development and investment while ensuring the environment is protected.
“Resource Management (RM) Bill 1 proposes targeted changes that can take effect quickly and give certainty to councils and consent applicants, while the Government develops new legislation to replace the Resource Management Act 1991 (RMA),” Mr Bishop says.
“The Bill will also speed up the process for preparing or amending national direction. The current process for making or amending national direction is unnecessarily onerous, costly, and it takes too long.”
A hawkish hold: unhelpful. The RBNZ is keen to flatten out market rates.
- The RBNZ kept the cash rate at 5.50% for the seventh-straight meeting. The tone of the RBNZ however was more hawkish than expected. The OCR track was revised higher, and rate hikes were discussed.
- It’s all about inflation. We’ve seen an encouraging fall in the headline rate to 4%. But that was expected. The persistence in domestic inflationary pressure however is slowing progress, and risks delaying the return to 2%. The RBNZ is rightfully cautious.
We believe the outlook does not warrant further tightening. However, the RBNZ’s tone and track does pour cold water over our call for a cut come November. The risks are clearly for a cut later rather than sooner.
Regional News
Northern Remutaka Bovine
TB control operation
An update has been provided by the NZ Transport Agency Waka Kotahi - Wellington regarding their ongoing work at State Highway 2/Hebden Crescent in Lower Hutt. Construction of the safety improvements at SH2/Hebden Crescent has commenced, with additional works scheduled later this week to permanently remove the right turn in and out of Hebden Crescent. Starting from Sunday evening (26 May), turning right in or out of Hebden Crescent will no longer be possible; alternative routes should be used as depicted in the guidance provided. The work is being carried out at night to minimise disruption to travel. Temporary traffic management and lane closures will be in effect, and all road users are advised to follow signs and instructions from roadworkers. As the construction is weather-dependent, the timings may be subject to change. Any changes will be communicated via electronic messaging signs near the intersection and published on their website.
Barges in Wellington Harbour
Divers, concrete trucks on barges, and structures resembling oil rigs have all been spotted in Wellington Harbour as the construction of an artificial reef intensifies. This project aims to enhance fish populations in the harbor and provide habitats for marine species such as octopuses, crabs, crayfish, and starfish. The design of the reef has been a collaborative effort with local Māori, incorporating mātauranga Māori (traditional Māori knowledge).
Alongside the reef, a significant construction project, the $312 million Ngā Ūranga ki Pito-One shared path and seawall, started in March last year and is set to be completed in 2026. This project features a large rig and barges transporting up to five concrete trucks to a temporary wharf. Fifty-four concrete pyramids, each a cluster of three, will be submerged over five hectares on the western side of the harbor. These engineered pyramids are designed to mimic the natural rocky reefs that were lost during the construction of the walking and cycling link.
Join us for CareerFest 2024!
CareerFest 2024 is an exciting event hosted by the Hutt Valley Chamber of Commerce, bringing together businesses and over 14 schools from the Hutt Valley to explore dynamic career opportunities. This is your chance to engage directly with the next generation of talent, showcasing your business and industry innovations. Highlight your latest projects, connect with enthusiastic rangatahi, and even feature the women in your team within our dedicated Women in Trades section. Don’t miss out on this unique platform to shape the future workforce and elevate your business profile. Register your interest today and secure your stand at CareerFest 2024!
Hutt Valley Manufacturing & Innovation News
Strengthening Government Confidence: The Growing Impact of Cleantech in Hutt Valley
The recent release of a comprehensive report on the Cleantech sector by The MacDiarmid Institute highlights the significant strength and potential of local entrepreneurs in clean technology. This detailed analysis underscores the sector's ability to provide robust returns on investment and contribute significantly to global sustainability efforts. The enthusiastic reception and turnout for the report's unveiling reflect growing confidence among government and industry stakeholders in the viability and impact of Cleantech initiatives. This positive momentum paves the way for increased support and investment in local innovations. Building on this foundation, we are excited to showcase some of the pioneering businesses in Hutt Valley that are actively working within this sector. Their efforts are not only advancing clean technology but also positioning our region at the forefront of sustainable development. The full report is available for download and can serve as a valuable resource for anyone looking to support or learn more about Cleantech advancements.
Continue reading to discover more about Hutt Valley's dynamic businesses that are making significant advances in the Cleantech sector!
Hot Lime Labs: Pioneering Clean Tech Innovations in Hutt Valley
Hot Lime Labs is making significant strides in the clean technology sector, leveraging advanced CO2 capture techniques to enhance agricultural productivity and environmental sustainability. Their innovative approach not only supports local agriculture but also aligns with global sustainability goals. As leaders in clean tech, Hot Lime Labs exemplifies the potential of local businesses to contribute to a greener future. Discover more about their work at Hot Lime Labs.
BSpkle: Revolutionising Energy Efficiency in Hutt Valley
BSpkle is at the forefront of the clean technology revolution in Hutt Valley, specialising in cutting-edge energy solutions that promise to redefine how businesses consume energy. Their focus on sustainable energy practices not only helps companies reduce their carbon footprint but also drives economic efficiency. BSpkle's commitment to innovation and sustainability illustrates the dynamic potential of Hutt Valley's clean tech sector. Learn more about their transformative energy solutions at BSpkle.
Featured Events
Managing Projects Successfully | Business Skills Lunch Series
When: Tues, 4 June
Time: 12:00pm - 1:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
Emotional Culture Unveiled: Explore, Connect, and Thrive at Our Dynamic Lunchtime Workshop
When: Wed, 5 June
Time: 12:00pm - 1:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
Sustainable Solutions: Uncover, Plan, Act. Thinkstep ANZ
When: Wed, 5 June
Time: 4:00pm - 6:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
Breakfast with Rt Hon Chris Hipkins | Leader of the Opposition
When: Fri, 7 June
Time: 7:00am - 9:30am
Where: Silverstream Retreat, The Pillars, 3 Reynolds Bach Drive, Stokes Valley
Cost: Chamber members: $35.00 + GST, Non-Chamber members: $40.00 + GST
View Q-Space | Quality Flexible Workspace Located in the Heart of Hutt City
When: Wed, 12 June
Time: 5:30pm - 7:00pm
Where: Q Space, 134 Queens Drive, Lower Hutt
BNZ Tech Series | From Hutt Valley to the World: Biology, Chemistry, Technology
When: Thurs, 13 June
Time: 5:30pm - 7:30pm
Where: BNZ Partner Centre, 45 Knights Road
Lower Hutt
Cost: Chamber members: Complimentary, Non-Chamber members: $25.00 + GST
Business Systems that work so you don't have to
When: Mon, 17 June
Time: 5:00pm - 6:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
Synthesis Marketing Workshop | Win Your Next Tender with a Standout Proposal
When: Tues, 18 June
Time: 5:30pm - 7:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
"The Great Wealth Transfer" and common myths about protecting wealth
When: Mon, 24 June
Time: 9:30am - 11:00am
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt Cost: Chamber members: $15 + GST, Non-Chamber members: $20.00 + GST
Crafting Success | The Sprig + Fern Brewing Co Journey
When: Wed, 26 June
Time: 5:30pm - 7:30pm
Where: Sprig & Fern Petone, 146 Jackson Street, Petone Cost: Chamber members: $10 + GST, Non-Chamber members: $15.00 + GST
Digital Accessibility | Business Skills Lunch Series
When: Wed, 3 July
Time: 12:00pm - 1:00pm
Where: Hutt Valley Chamber, Lvl 3, 15 Daly Street, Lower Hutt
Member News/Events
Saddle Up for a Culinary Adventure: Discover Racecourse Road Café & Bar
Get ready to indulge in both delicious flavours and cozy vibes at Racecourse Road Café & Bar! Situated within the historic Trentham Racecourse, our charming spot has quickly become a local favourite since opening in September. While our serene outdoor seating offers a peaceful retreat, step inside to experience our warm and inviting atmosphere that beckons you to unwind and savour every moment. Whether you’re in the mood for a delightful a la carte meal or tempted by our cabinet menu treats, we have something to satisfy every palate. Picture yourself enjoying a leisurely brunch or sealing that important deal over expertly crafted coffees and sumptuous dishes. More than just a place to dine, our cafe is a gathering spot for friends, family and food lovers alike. Join us at Racecourse Road Café & Bar for a culinary journey filled with passion and comfort.
Core construction skill standards
New core construction "building blocks" (skill standards) are being developed to reflect valuable skills shared across many construction trades. Skill standards relevant across construction trades have been identified at Levels 2, 3, and 4, and industry feedback is currently being collected on these.
Benefits for the Industry:
- The skill standards reflect critical common skills valued by the construction industry.
- They will serve as one set of "building blocks" used by all providers, reducing confusion and inconsistencies.
- The skill standards will support learner pathways by including a progression of skills and knowledge from starting out to working unsupervised.
- Learners will have the ability to transfer their achievements between providers and across construction trades seamlessly.
- Skill standards offer flexibility for learners without compromising the skills and behaviors that the industry values.
Member Offers
Z Energy | Chamber Deals
Z Business is delighted to advise that Chamber of Commerce members discount will increase from 10 cents per litre to 11 cents per litre off pump at service stations and truck stops from Monday 5 February.
To find out more, click the button below!
Inferno Outdoor Fireplaces | Chamber Deals
Inferno Fires specialises in making their client's dreams & memories come true in their backyard. Inferno Outdoor Fires has a special offer for Chamber members of 5% off the marked price.
To find out more, click the button below!
Air New Zealand | Chamber Deals
For businesses looking to leverage the vast array of offerings from Air New Zealand, there's good news. Air New Zealand has crafted a specialised Business Services page that outlines the multitude of options and programs available for businesses.
To find out more, click the button below!
Bunnings Trade | PowerPass Member Deal
Unlock a range of discounts and simplify the procurement of a huge range of products across our nationwide store network.
Bunnings Trade has partnered with NZ Chambers of Commerce to offer members access to the PowerPass membership program providing a range of exclusive benefits.
For any questions or queries, please feel free to email us at orgs@bunnings.co.nz.
Rove Rentals | Chamber Member Deal
Located in Wellington Region
From moving house to weekend getaways, Rove has got your transportation needs covered. They are also van and truck rental specialists.
Ready to rent? Visit our website at www.roverentals.co.nz or give us a call on 04 560 4755 to reserve your vehicle. Experience the ROVE difference for yourself!
ROVE Rentals - Rent What You Need, When You Need It!
HVCC OFFER – 15% off base rental rate, all vehicles
HOW TO REDEEM OFFER – when booking online, use code “HVC15” | when booking via phone or email, please mention this offer and confirm you are a member of the Chamber of Commerce
Brendan Foot Supersite | Chamber Member Deal
Pre-order the Next-Gen Mitsubishi Triton for March Delivery
One of the top three utes in New Zealand, be one of the first to drive away the new Mitsubishi Triton from RSP $38,690 + ORC (GLX 2WD ) or $43,990 + ORC (GLX 4WD). This is the Triton’s first new model in nine years, offering a significant tech upgrade & improvements in driving & off-road performance, comfort, & safety. Pre-order now for March delivery with only $500 deposit & zero Clean Car Fee. Contact their Fleet Specialist, Gary, to see how he can help you with your fleet. Test drive from February. *Ts&Cs apply
2degrees Business Mobile| Chamber Member Deal
Join us on an eligible business mobile plan and get 2 months free. As a Chamber member you’ll also get 15% off for the life of your plan.
For More Offers:
View Our Member Marketplace:
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EMPLOYMENT
Current Job Availabilities
Real Estate Sales person - Professionals Redcoats Limited
Professionals Lower Hutt are on the lookout for new Salespeople to build on our world-class Real Estate team. We pride ourselves on being the organisation to provide you with the guidance, support and training to set up your own business, where you get to work for YOU! Reap the benefits of our experience, community standing and the lion's share of the housing market to begin your journey into a highly rewarding career.
If you believe you have the passion and drive to succeed, please contact our Talent Acquisition team at:
Email - aaron.johnson@redcoats.co.nz
Phone - 027 700 3288
Full time Printer Apprentice - Label & Litho
Label and Litho is currently seeking a Full Time Printer Apprentice. This role involves setting up and operating printing machines that apply text and images to various materials, including paper, card, carton, plastics, and metal. If you have a student that is interested in a hands-on learning experience in the printing industry and have a passion for working with technology to create tangible products, this apprenticeship could be their perfect career opportunity.
Email your interest to our Education to Employment Advisor - Hera at hera@hvchamber.org.nz
Are You Hiring?
If you have a job suitable for a student, get in touch with our Education to Employment Coordinator at Hera@hvchamber.org.nz or call 04 9399821.
Thank you to all our Partners
As always, special thanks to all our Members and Partners for your ongoing support.
