Why Sydney and NSW
Robust, vibrant and secure
There has never been a better time to invest in New South Wales, move your business here or start a new enterprise. In 2013-14 the department secured $3.2 billion in business investment through 143 investment projects in NSW.
Situated on the doorstep of Asia, Australia's largest economy is a regional powerhouse in one of the most stable political and regulatory environments in the world.
Most importantly, its rich industry diversity has been instrumental in achieving a staggering 23 years of uninterrupted growth, giving it a AAA sovereign credit rating from global agencies Standard & Poor's and Moody's.
A regional hub for multinationals
More and more multinationals are making NSW and especially Sydney their regional headquarters due to its:
- World-leading infrastructure
- Diversity of sectors and skills
- Government support
- Cultural richness
Businesses and investors can also take advantage of:
- Range of free government services designed to maximise their opportunities
- Skilled multilingual workforce
- Excellent lifestyle
- World-class cities and towns
Building for the future
NSW is a regional hub for financial and banking services as well as the information and communications technology sector, placing it front and centre of the digital technologies that will shape the global economy of the future.
Government and private sector investment are also placing the state at the forefront of research and development in the biotechnology and renewable energy sectors.
Outside of Sydney, regional NSW offers an abundance of opportunities in sectors such as mining and agribusiness and food, making it a particularly attractive place to do business due to its diverse range of industries and well-serviced locations.
Economic Development Framework
The NSW Government is determined to make NSW the preferred place to do business in an increasingly globalised and competitive environment.
The NSW Economic Development Framework is the Government's road map for driving growth in priority NSW industries and the NSW economy to 2021.
In 2014, 34 actions will be delivered with industry, including:
- Multi-year initiatives already under way
- Specific actions for key NSW industry sectors, regional NSW and Western Sydney