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Parramatta: Open for Business
With its strategic central location, diverse industry structure, skilled work force and $14.8B annual output, Parramatta is a compelling option for firms looking to access the rapidly expanding Western Sydney economy.
Many companies have invested in Parramatta over the past two decades, finding it a dynamic, supportive and cost-effective business environment in which to grow.
This has created critical mass in industry, retail and cultural activity at the centre of the metropolitan area and cemented Parramatta’s role as the premier regional city in Sydney.
Parramatta is the next to attain ‘takeoff’ in terms of major city expansion and private sector investment.
The continuing mass movement of people into the centre of Sydney and the associated property booms in Meadowbank, Rhodes, Auburn, Blacktown and the Hills are furnishing Parramatta with an educated and skilled workforce that is younger and more multi-lingual than the Sydney average. This is making Parramatta attractive to a new generation of business leaders.
Meanwhile the suburbanisation of industry into Central and Western Sydney has produced rich regional markets for professional firms looking to service clients from a central location.
Parramatta makes sense for city-dwelling firms like Deloitte, Commonwealth Bank, Suncorp, QBE, News Local, Telstra and AON who are already taking advantage of these shifts.
Our Vision:
Parramatta - the driving force and heart of Australia’s most significant economic region; a vibrant home for diverse communities and a centre of excellence in research, education and enterprise.”
Parramatta is a major generator of growth and potential with several advantages as a competitive business location. The facts speak for themselves:
- Population – Home to more than 176,000
- Employment – Over 120,000 people work in Parramatta LGA
- Gross Regional Product – At $14.8b in 2010/11 it continued to grow compared to many larger economies
- Productivity - $62.92 per hour worked
Business and Economy News
- Parramatta City Council announces progression of Western Sydney Light Rail project and new CBD development
Parramatta Lord Mayor, Councillor Lorraine Wearne, last week announced that a feasibility study into the Western Sydney Light Rail Network will commence early next month, after Parramatta City Council committed to fund the first stage of the proposal.
22 May 2012 - Angry Council Takes Light Rail Lead
Speaking at the Parramatta Economic Development Forum at the Sydney Opera House on Wednesday, Parramatta Lord Mayor Councillor Lorraine Wearne says the Parramatta City Council will allocate $1 million toward a feasibility study for the Western Sydney Light Rail Project.
22 May 2012 - Infrastructure Australia speaks out on North West Rail Link
After a couple of weeks of intense media speculation, Infrastructure Australia (IA) chief Michael Deegan has officially spoken out about the New South Wales Government’s North West Rail Link (NWRL).
22 May 2012 - City opens its doors to visitors
THE strategic location of Parramatta at the centre of the metropolitan area and its role as the premier regional capital in Sydney opens it up to visitors and office workers.
22 May 2012 - Parramatta's big plans
This is what Ten News took from our Re-Think Sydney Forum on May 16 2012, which was attended by more than 100 business leaders in Sydney.
22 May 2012 - ParraSync to feature at CeBIT Australia
ParraSync will be featured at Australia's largest business and technology conference, CEBIT Sydney this week.
22 May 2012 - Western Sydney Light Rail gets the green light, new CBD development announced
Parramatta Lord Mayor, Cr Lorraine Wearne has announced that a feasibility study into the Western Sydney Light Rail Network will commence early next month, after Parramatta City Council committed to fund the first stage of the proposal.
16 May 2012