Sunshine Coast has seen a 35 per cent increase
The Sunshine Coast has seen a 35 per cent increase in companies employing more than 20 workers since 2019, overtaking major hubs such as the Gold Coast, Geelong and Newcastle regions.
That’s according to Australian Bureau of Statistics data released last month, which has revealed a surge of new businesses opening on the Coast, fuelled by major infrastructure investments and the Maroochydore city centre.
The figures from the ABS Economy and Industry Report also show local businesses with annual turnovers of more than $10 million have increased by 38 per cent in the same time, reinforcing the region’s transition into an economic powerhouse.
It comes as Sunshine Coast Council mayor Rosanna Natoli and Walker Group executive of development Peter Saba prepare to join the Property Council of Australia to discuss how the Maroochydore city centre is propelling the Coast’s economic growth at the Transforming the Sunshine Coast event on Thursday, June 13.
The newly reconfigured Maroochydore city centre masterplan, adopted earlier this year, responds to the region’s rapid growth to create more opportunities for local families to live, work, study and socialise on their doorstep.
About 10,000 residents will eventually call Maroochydore city centre home, with 25,000 workers commuting to the CBD daily.
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