Norco's rich 120-year-old history in Lismore is on a knife's edge as the State Government still has not committed to matching the Federal Government's pre-election $50 million Anchor Business Support Package.

There has been political toing and froing with accusations of the money initially being offered and knocked back but to the people of Lismore this means very little.

Norco Ice Cream employs 230 people directly and is one of the largest employers in the region, plus the indirect job losses that will add to that number.

The Lismore App understands that the majority of staff will be stood down from July 15, two weeks after the Northern Rivers Business Support Package for large businesses runs out on Friday, June 30.

In that time, staff have been helping the community get back on their feet in a number of ways (What is music's bizarre connection to Norco?).

Unless the new Federal Government extends the support package, the loss of jobs would have occurred anyway as the Ice Cream Factory rebuild is significant with production returning in 2023.

The short-term hit in jobs, while it hurts, is expected, however, the long-term viability of the Norco Ice Cream Factory and its 230 employees plus indirect employment remains uncertain.

A Norco spokesperson said, "Norco remains committed to work with State and Federal Governments to promptly commence a rebuild, which will be of great benefit to our people and the community, however, it would appear that the funds currently allocated will not be sufficient, and need to be increased."

The Lismore asked the State Government for comment but has not received a reply as we write this story.

The Lismore App understands that CEO Michael Hampson will be holding a press conference on Wednesday to update the public on Norco Ice Cream's situation.