A million businesses will get a one-off reduction of $650 on their power bills and millions more will be able to access tax breaks for electrification.
Other budget measures aimed at businesses include a $392.4 million industry grants program to help start-ups commercialise and plans to increase skilled migration.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
