Parramatta. Major drivers of grwoth

The Parramatta local government area is home to 15,500 businesses (2006), 45 per cent, or 7000, of which are based in the CBD, with 93 per of the CBD total classified as “small”. The 0.5 per cent, or 33, of large businesses are mostly known brand names, most of which are back offices, call centres and processing units. These organisations and numerous government departments have been the major drivers of employment growth in Parramatta over the past 10 years, according to Parramatta City Council’s Economic Development Strategy 2011-2016.

Parramatta. More of the same

The new lord mayor of Parramatta, Clr Lorraine Wearne, said of her aims during the next 12 months was to consolidate and build on the work that had made Parramatta a great place to live, work, play, invest and learn. “We need to build on the present recognition of Parramatta as a city of importance and ensure that we are offering an attractive place that residents, businesses and visitors can’t refuse,” she said. Clr Wearne said former civic leader, Clr John Chedid, kept Parramatta at the forefront of the state government’s plans and raised awareness about its key role in the future growth of wider Sydney.

Parramatta. Boost to local economy

An analysis undertaken by SuperX of its Supercross event, held at Parramatta Stadium, in November 2009, estimated the economic impact totalled nearly $1.4 million. Parramatta City Council’s economic development team had earlier estimated the impact could be $1.1 million. Council reported that Media Monitors noted the advertising value for the event at $344,000. Over half a million TV viewers watched the event via FoxSports, Fuel TV and Network Ten, in Australia, and on TVNZ, in New Zealand and Australia Network, in Asia

Parramatta. Growth of economy

The Parramatta economy grew by 8.8 per cent over the year to $14.2 billion, in 2008/09, contributing 5.5 per cent of the Sydney region’s gross regional product (GRP) of $255.1 billion. Parramatta’s financial and insurance services sector contributed 23.4 per cent of the city’s total, followed by manufacturing 10.1 per cent, heath care and social assistance 8.2 per cent and public administration and Safety 7.5 per cent, according to council’s Biz Facts, autumn/winter 2020 edition.