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
NewsSanta's Sydney shopping spreeFrom bikes to books, music to macarons – a local tour shows off the vibrant range of retailers ready and waiting for you.2 December 2020
NewsAlfresco city: New outdoor dining opportunities releasedCafes, bars, theatres and restaurants could benefit from easier ways to serve customers outdoors.30 November 2020
NewsMandatory changes to Covid-19 check in for hospitality venues and other businessesFrom Monday 23 November 2020, the NSW Government has announced customers must check-in digitally.24 November 2020
NewsFind a project collaborator for our new city centre grants Local Sydney tech platform Collabosaurus is connecting businesses and creatives on new grants to enliven our city centre.23 November 2020
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