CBA drives progress on Mid-North Coast

The medium- to long-term prospects for the NSW mid-north coast look vibrant because the native economic system advantages from progress in tourism, healthcare, specialised manufacturing, training, and inter-state migration, in line with Commonwealth Financial institution CEO Matt Comyn.

Concentrate on key financial sectors

Throughout a go to to Port Macquarie, Comyn emphasised the area’s deal with crucial areas of financial growth, supported by the NSW and federal governments.

“Over the various many years of connection between the folks and companies of the mid-north coast and the Commonwealth Financial institution, we’ve watched with pleasure and admiration the trouble and willpower of the area people to construct a sustainable economic system that’s centered on offering advantages for the entire folks within the area,” Comyn mentioned.

Spectacular regional growth

The area’s growth now helps 330,000 folks and greater than 120,000 jobs, with an annual GDP of greater than $22 billion.

“That’s spectacular by anybody’s requirements, and it’s a dynamic regional economic system firmly anchored throughout the healthcare, development, tourism, specialist manufacturing, and training sectors,” Comyn mentioned.

Inhabitants progress in Port Macquarie-Hastings

Port Macquarie-Hastings native authorities space is the fastest-growing LGA in Australia, primarily based on regional-to-regional migration knowledge from the CBA Regional Movers Index.

“Not surprisingly, it’s proving to be an space the place folks need to stay and work,” Comyn mentioned.

Lengthy-standing neighborhood ties

“CBA has long-standing and deep roots on this neighborhood, and we’re proud to serve the realm by way of our people who find themselves primarily based right here and the companies that we offer,” Comyn mentioned, whereas additionally addressing present challenges like cost-of-living pressures.

Showcasing regional innovation at Birdon

Comyn toured the amenities of worldwide maritime engineering group Birdon, a long-standing CBA buyer.

“Birdon is a good instance of the innovation and specialist manufacturing companies which have developed within the mid-north coast area over a few years, producing Australian and globally main merchandise which might be a lot in demand,” he mentioned.

“As a buyer of CBA, we had been thrilled to welcome CEO Matt Comyn to our Port Macquarie website for a go to,” mentioned Birdon Group CFO Tammy Bugler. “We see this as an excellent alternative for us to not solely showcase what we do however to additionally showcase the capabilities of regional Australia.”

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