The NSW Government will relocate more than 4200 public service roles from the Sydney CBD to Western Sydney by 2021 as part of its ‘Decade of Decentralisation’ initiative. More than 1800 public sector roles have already relocated since 2011.
The Finance and Insurance Services sector is the largest industry in the City of Parramatta by output, generating $9.09 billion in 2017/18 with expectations to rise.
As the NSW Government relocates its agencies to the city, and together with the private sector corporations and the construction boom in the City, the appetite and client base for various professional advisory services has expanded.
Parramatta’s Legal Services industry has the highest concentration of law courts and jobs outside the Sydney CBD. There are more than 1000 legal professionals practising in the City of Parramatta.
The $2.4 billion Parramatta health care sector, including medical biotechnology, is thriving. It’s the City of Parramatta’s largest employment sector, providing more than 27,000 jobs in 2017-18.
The City of Parramatta’s retail trade sector is worth $1.3 billion. It employed 10,560 workers in 2017–18. Parramatta is already a major retail destination with more than 200,000 square metres in retail floor space.
The City of Parramatta’s education and training sector is a $1.2 billion industry. It employed more than 12,000 workers in 2017—18.
Parramatta is an ideal place for a small business startup. The combination of steady population growth, a thriving CBD and increased investment from government, means Parramatta offers small businesses the right environment for success.
The accommodation and tourism sector in the City of Parramatta is thriving. Demand for accommodation is increasing annually. Since 2011, overnight stays have almost doubled to more than 5 million in 2017-18.
Manufacturing in the City of Parramatta is the second largest sector in the City having generated $7.1 billion of output and employed over 15,000 workers in 2017/18