‘Shocking’ cost of floods on Tweed businesses revealed

A survey of businesses in the Tweed has revealed the devastating floods across the region has cost them $57 million in damages and lost trade.

That figure doesn’t even take into account the cost of cleaning up.

Almost 200 businesses in the Tweed responded to the survey after assessing damage to premises, equipment, stock and the loss of trade.


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The estimated cost to business came in at $57,183,656.

Business owners report that 1,855 employees were impacted by the disaster while there were 86 small businesses that were forced to shut because of the floods.

Businesses in the South Murwillumbah industrial area, Murwillumbah CBD, Chinderah and Tumbulgum were among the worst affected.

Council will now use the figures to push for more government assistance.

Tweed Shire Mayor Chris Cherry says the survey shows just how shocking the floods were.

“We can see from the response to our flood impact assessment this event has really hit many businesses and their staff hard,” Cr Cherry said.

“It is crucial that Council does all it can to try to gain additional financial assistance for our businesses to help them recover and get their staff back to work.

“With the information we have gathered, we hope to present a strong case to the State and Federal Governments for more support for our businesses to get them back up and operating and their staff return to work.”