Business confidence in Geelong is continuing to grow from strength to strength. Due to exceptional growth in Geelong many businesses have high optimism for jobs being created in a number of key industries.
In fact, almost half of the businesses surveyed in the annual Geelong Business Trends Deakin survey expect to hire more staff in 2017. A huge 77% of businesses in Geelong also anticipate a rise in profits for the current financial year.
The manufacturing industry which has been the backbone of Geelong’s economy for more than a century has suffered some major blows recently. However, Geelong is reinventing itself and focusing on more niche markets that will drive the market forward.
There are a wide range of exciting economic development pillar projects about to commence in the area. Many are large priority projects that will boost the economy in the area.
A good example of just one priority project is the Waterfront Geelong – Safe Harbour Precinct. This project will deliver new visitor economy revenues and jobs and activate a minimum of $16 million in non-government investment in future stages including further marina upgrades, expansion and retail development.
Businesses are excited to work with the new government (after a recent change) to ensure the continued growth of the city.
To discuss further please contact Kane Smith, Geelong Client Account Manager on 0424 125 455.