Business

Coffs Harbour must play to its strengths in growth

GROWTH: Coffs Harbour is a fast growing regional centre.
GROWTH: Coffs Harbour is a fast growing regional centre.

A FRIENDLY welcome to new residents and businesses to the Coffs Coast.

Australia's population keeps growing with an average growth of 1.4% every year.

There are currently more than 24 million Australians.

Over 5 million live in our largest city: Sydney; approximately 75,000 live in Coffs LGA, making it the 25th largest city in Australia.

The number for Coffs is expected to grow in 20 years to just under 100,000.

 

Population growth helps the economy grow: more people need more services and goods. Population increase is an important factor in the growth of the economy in Australia.

Whether population grows or declines, there are challenges: several countries in Europe for example are struggling with decrease of population and a strong ageing population.

An increase in population also has challenges, e.g. housing (affordability), infrastructure, jobs, environment.

Let's focus on one of these examples: sufficient jobs need to be created considering an increase of the population and workforce, and not just in Sydney and Melbourne.

Important is to have a highly skilled and educated workforce, that assists with building the resilience of a region.

Developing 'human capital' is an effective way to boost productivity and increase the level of participation in the economy. This can be achieved by:

  • increasing the skills and qualifications in the workforce;
  • lifting workforce participation rates (e.g. supporting re-skilling mature age workers);
  • ensuring skills match the industry demand (not just training because of the sake of it: training always must be relevant for employers and employees/jobseekers).

Jobs will be created by existing employers and by new businesses and organisations.

It is not easy to be pro-active and attract new employers to the Coffs Coast. We are up for some tough & quality competition with most cities and regions on the East Coast are 'fishing in the same pond of potentially 'mobile' employers or investors'.

Most of our 'region competitors' have an investment climate similar to us.

A comparative advantage is a topic of relative strength or specialisation: in what area are we different and better than for example Port Macquarie, Central Coast, Tweed Coast or even larger areas like Newcastle and the Gold Coast? Businesses can also use a region's comparative advantage to build an advantage, which is also developed through the combination of factors such as education, facilities, infrastructure, resources, skills and the ability to innovate.

Small- and Medium Enterprises (SME's) create most of the jobs on the Coffs Coast.

We need to continue to support initiatives and investments that increase jobs in our region.

The Coffs Coast Chamber of Commerce is the partner for local businesses.

We are here to help you do well.

Become a Member of our strong and well respected Chamber network: you will be eligible for more free service than you would expect. For example, a Free high quality two-hour Workplace Update Seminar in Coffs Harbour on 24 May. Please contact us today 6651 4101 or exo@coffschamber.com.au) for more info or to discuss how we can assist you. 



ABF targets Coffs Coast

Border force officers escort illegal fisherman to shore in Gladstone from the ship Cape Jervis after they were intercepted yesterday.

Warrants executed in Coffs Harbour. Statewide 110 illegal workers detained.

Prolonged alcohol binge prior to Lynette Daley's death

The family of Lynette Daley are seeking answers over her death as the trial of two men continues in the Supreme Court in Coffs Harbour this week.

Lynette Daley was 'severly impaired' by alcohol before she died

Traffic to switch onto new Pacific Highway lanes

All contracts for the Woolgoolga to Ballina bypass have been awarded and will provide plenty of jobs.

What changes to expect on Pacific Hwy between Grafton and Corindi

Local Partners

Coffs own Aladdin's cave to open for auction

ARE you after something unique such as a rare vintage car or century-old dentistry equipment?


Three things to do this week

Offshore Superboat Championships held in Coffs Harbour. Photo: Leigh Jensen / The Coffs Coast Advocate

Haven't made plans yet here's some inspiration

Change in Rally Australia's running order

RESCHEDULING OF STAGES: The Friday afternoon stages of Kennards Hire Rally Australia in November will move north of Coffs Harbour.

Kennards Hire Rally Australia will feature new competitive stages

Aussie rock legends to play Coffs Harbour

Aussie rock hall of famers Midnight Oil will play Coffs Harbour on Thursday, October 19 as part of the band's  latest national tour.

Coffs Harbour has secured a gig as part of revival national tour

Bride and Prejudice's Chris reveals more family heartache

AUSTRALIA'S hearts broke for Chris and his partner Grant during the Channel Seven reality show Bride and Prejudice.

Nicole's ready to bust out of Doctor Doctor's love triangle

Nicole da Silva stars in season two of Doctor Doctor.

New season gets a fresh injection of relationship dilemmas.

MOVIE REVIEW: Tom Cruise flying high again in drug drama

Tom Cruise plays pilot Barry Seal in the movie American Made.

FILM STAR delivers his best performance in some time.

The Project will now be on six nights a week

The Project presenters Waleed Aly, Carrie Bickmore and Peter Helliar.

The Project is expanding with a Sunday night edition and a new host.

Margot Robbie is unrecognisable in London

Margot, is that really you?

MARGOT Robbie looks completely unrecognisable as Queen Elizabeth I.

Game of Thrones: Season 7 finale predictions

Emilia Clarke in a scene from season 7 of Game of Thrones.

JON and Daenerys finally met. But what happens next?

Sold On living on the Coffs Coast

Sold On Coffs Coast.

Your complete guide to a year in real estate on the Coffs Coast

Icon to go under the hammer

ON THE MARKET: Federation House will be auctioned next month.

COFFS Harbour's highest profile office building listed for sale.

There's a new Aussie property dream

NEW DREAM: Young Aussies more open to renting where they want to live and buying an investment property.

We're not after the family home and quarter acre block any more

Ultimate convenience by the beach

We open the door to First National Real Estate's Pick of the Week