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
Sydney is home to Australia’s largest local economy. Before the pandemic it generated more than $138 billion a year (2019). As Australia’s global gateway our economy plays a significant role in supporting and influencing economies far beyond our geographic boundary. It is important our economy is thriving and ready to meet the challenges and opportunities of the future.
The City of Sydney is responsible for strengthening our local economy through strategically targeted economic development to ensure Sydney is ready for the future.
Under our 10-year economic development strategy published in 2013, we’ve actively supported businesses, workers, residents, students, visitors, investors and other participants in our local economy.
In the decade before the pandemic, the city’s gross regional product (GRP) increased by 65.2%, the number of local jobs grew by 28.5% to around 519,000, and the number of businesses rose by 23.9% to more than 24,000. This success was built on our comparative advantages in many key areas.
Since the pandemic the economic environment of the city has been changing rapidly. While our local economy continues to recover, businesses adapt to the new normal and explore new growth opportunities, we are preparing a new economic development strategy. The new strategy will help the city to transition to a strong and resilient economy.
We’ve released a discussion paper to support our preparation of the next economic development strategy. This strategy will strongly align with our long-term vision set in our community strategic plan.
City of Sydney News
NewsBusiness confidence bounces backOur yearly survey unveils key insights into emerging trends, challenges and opportunities.1 December 2022
NewsAlfresco dining extended until 2025Eating outdoors is back on the menu as we waive associated fees for businesses.22 November 2022
NewsAmplify change: Trading Blak on how your everyday purchases can make a huge differenceFemale-led First Nations businesses are building stronger communities and teaching the next generation.31 October 2022
NewsVivid Sydney local business programLearn how your business can get involved with the Vivid Sydney local business program.13 October 2022
NewsNew events, innovation and environmental grants are openWhat you need to know about our latest round.29 August 2022
NewsPromote your business at Christmas in the CityWe invite retailers to provide pop-up events and activities on Pitt Street Mall and George Street during Christmas in the City.22 August 2022
NewsSydney Streets is back for 2023Here’s how your business can get involved.22 August 2022
NewsHave your say on Sydney’s business needsThe needs and priorities of businesses across Sydney are being put under the spotlight through a survey that will help shape future support.9 August 2022
NewsBe an official Sydney New Year’s Eve 2022 photographerUp to 7 applicants will capture the program of events.1 August 2022
NewsRun the Victoria Park Pool cafeApplications are open for expressions of interest to manage and operate the spot.19 July 2022