Australian Bureau of Statistics (ABS) data has highlighted the economic growth being experienced on the Sunshine Coast, with recent data showing a 35% increase in companies employing over 20 workers. This increase is greater than other regional business hubs like the Gold Coast, Geelong, Newcastle and the Hunter Region.
And there’s plenty more where that came from. Sunshine Coast businesses reporting turnovers in the range of $5 million to $10 million, increasing by 47%, underscoring the Sunshine Coast's evolution into a formidable economic force.
The Sunshine Coast is one of Australia's most coveted commercial destinations, a status that has been driven by substantial investment in infrastructure and the council’s strategic development of a master-planned city centre in Maroochydore.
Beyond economic metrics, the Sunshine Coast has emerged as a beacon for talent and innovation and is attracting a growing number of skilled professionals. The availability of a skilled workforce has strengthened the Sunshine Coast’s allure as a preferred destination for tech companies, startups and knowledge-based industries.
This influx of businesses and talent not only bolsters the local economy but also enriches the fabric of the community, promising a dynamic future for the Sunshine Coast as it continues to thrive in the national and global business landscape.
As the end of the financial year approaches, we look at some stand-out stories from the last 12 months ...
Genpact makes the Sunshine Coast's new CBD its Aussie HQ (November 2023)
Workers needed as furniture powerhouse BFX expands operations (December 2023)
Company's arrival sets stage for CBD to be 'growing hub for cutting-edge industries' (January 2024)
Sunshine Coast’s largest all-carbon catamaran charts new waters (February 2024)
Maroochydore City Centre enters new era with amended Development Scheme (March 2024)
Landmark $300 million funding for Sunshine Coast Olympic venues (May 2024)
As always, please feel free to contact me if you'd like to know more about doing business on the Sunshine Coast.
The Sunshine Coast has been dubbed Australia's Silicon Coast due to its cutting-edge digital infrastructure, supportive tech community and access to global connectivity through a dedicated international broadband cable.
And let's not forget the lifestyle advantages! The Sunshine Coast offers a superb quality of life with its beautiful beaches, outdoor activities and cultural events.
For tech professionals who value work-life balance, the Sunshine Coast is an unbeatable location.
Sunshine Coast Council has created a best-in-class concierge service for investors wanting to set up or expand businesses on the Sunshine Coast.
Investors can gain assistance with:
The development approval process prior to submission
Finding sites
Business introductions
Navigating regulatory requirements
Connections to supportive contacts and networks
Relocation assistance
Taking this concierge service one step further, Sunshine Coast Council has created a unique digital solution called the Investment and Growth Toolkit. Established within the existing Invest Sunshine Coast website infrastructure, the Toolkit provides links to real-time resources and investment tools.
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