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Economic Development

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Aerial view of Wollongong coastline

Further information:
Economic Development Unit
Phone (02) 4227 7111

Welcome and overview

The Wollongong Economy

Renowned for its world-class steel making and coal mining industries, Australia's City of Innovation is today also an important knowledge services centre, international trade hub and a leading university city. It is globally connected, has superb liveability and supportive business environment.

Wollongong is one of Australia’s major cities and is located just 85 kilometres south of Sydney. This proximity to the nation's largest and most dynamic economy means Wollongong has superb connectivity. We're also just an hour's drive from Sydney International Airport.

As Wollongong transitions into a knowledge services hub, the key industry sectors driving growth in the area include:

  • Information and Communication Technology
  • Funds Administration
  • Business and shared services
  • Education and Research
  • Creative Industries
  • Logistics
  • Advanced manufacturing
  • Mining Services Technologies
  • Health and Aged Care and Community Services
  • Tourism.

The revitalisation of the City Centre is expected to continue to drive this growth further. In the last 12 months more than $700 million worth of major developments are underway or completed in the City Centre.

These include:

  • Council’s $19.4M refurbishment of the Crown Street Mall.
  • GPT’s $200M West Keira shopping development.
  • Expansion of Wollongong Public Hospital - $134M
  • Establishment of new Wollongong Private Hospital - $120M
  • Purpose built Australian Taxation Office - $16M.

Council's role in Economic Development

Council supports economic development by fostering greater investment and jobs growth in the LGA, sending a strong message that Wollongong is open for business. 

Wollongong’s expansion will need to be facilitated through appropriate planning arrangements and infrastructure delivery, in line with the NSW Illawarra Regional Growth Plan.

Council has a direct impact on many aspects of business operations including planning, infrastructure and business support. Consequently, we can contribute to economic development by ensuring there are efficient planning processes and that the city’s public amenity is well maintained. These operational roles will encourage investment from the private sector.   

Information for Small Business

Thinking of setting up a small business? Visit our Small Business planning page for some helpful information, including approvals that may be required and the planning process.

Advantage Wollongong Investor Prospectus

An overview of Wollongong’s transformation and what it can offer you and your business.

Read the prospectus using the viewer below, or open a PDF version [4 MB] (also under 'See Also' on the right of this page).




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