Business & economy
Sydney is recognised as Australia’s only global city and the leading knowledge-based region in the nation.
Why we’re doing this
In 2018/19, around $140 billion was generated within our area representing over 7% of Australia's economy. This in turn provided over half a million jobs across all skills levels that offer diverse opportunities for diverse communities.
Despite the growth of business districts such as North Sydney, Parramatta, Macquarie Park, Olympic Park and the growth corridor to the north-west, we have maintained our pre-eminent role. This is due to our area's large economic base including a dense network of globally competitive industries, well-developed infrastructure, good governance, and outstanding amenities and living environment.
Over the past decade our economy has proven its resilience by withstanding both internal and external economic shocks such as the global financial crisis. The number of businesses in the city grew by nearly 4,000 between 2007 and 2017. However, this does not mean our economy is not faced with challenges that need to be addressed to maintain continued growth and Sydney’s global reputation for liveability.
Our 10-year economic development strategy will help deliver our vision for a dynamic, environmentally sustainable economy and a liveable city that works for residents, workers, visitors and students.
City of Sydney News
NewsCovid-19 restrictions eased for hospitality venues and outdoor music performancesThe NSW Government has introduced changes to allow more people to dine out together and attend live music.20 October 2020
NewsMulti-million dollar investment for a 24-hour cityThe plan will see extended hours for cultural institutions and a festival of live music, outdoor dining and theatre performances over a 6 month period.6 October 2020
NewsEntrepreneur Tim Doyle on 2020 business pivots and opportunitiesMarketer and entrepreneur Tim Doyle of Koala and Pilot fame shares his thoughts on how Sydney businesses can cut through the noise at this uncertain time.29 September 2020
NewsTech experts help reboot Sydney businesses Businesses and creatives can access experts from some of Australia’s fastest growing companies in our free new webinar series.28 September 2020
NewsGive your business a boost: Retail innovation program applications open nowOur program empowers small business owners to adapt and innovate in the face of unprecedented change.25 September 2020
NewsWaiving fees to support businesses, community and culture in our cityNew measures to benefit Sydney businesses and organisations on their path to recovery22 September 2020
NewsWelcoming more people to safely enjoy our city in summerOutdoor dining and events in new open spaces will attract more people and support Sydney’s economic recovery22 September 2020
NewsSupport available for Sydney’s after dark businessesA grant could help your business offer new night-time activities, put on gigs, or collaborate with artists.10 August 2020
NewsCultural, community, business and environment grants open for 2021Apply to reboot your business, support the green economy and revitalise our city spaces.30 July 2020
NewsJoin the Local Rewards program: prepaid gift cards that give back to the communityBusiness owners in Surry Hills, Redfern, Chippendale, Darlinghurst and Potts Point are invited to join a new project led by Surry Hills Creative Precinct.28 July 2020