ADVANTAGE #1 SUPPORTIVE BUSINESS ENVIRONMENT
Wollongong provides considerable advantages for businesses located in the area.
With rents and wages around 50% less when compared to Sydney and higher than average staff retention rates (95% versus 75% in Sydney), Wollongong provides an attractive cost structure in which to operate. Businesses can also enjoy the productivity gains from staff who work closer to home, allowing them more time to enjoy a balanced lifestyle.
A key strength is the size and diversity of the economy with a number of national and multi-national companies already part of the business landscape. Supporting these businesses are a range of professional services including legal, financial, accounting, human resources, marketing and IT companies.
Wollongong has a large, experienced, multilingual workforce with skills ranging from traditional manufacturing expertise to high technology and knowledge-based capabilities.
Around 20,000 Wollongong residents commute to Sydney each day for work, providing an attractive pool of potential employees for any business operating in the city.