Faster broadband could mean more jobs for Wollongong
As seen in The Illawarra Mercury, 25 July 2018
The National Broadband Network could create hundreds of new businesses between now and 2021, according to a new report.
In a report commissioned by NBNCo, think tank the Regional Australia Institute (RAI) compiled the Wollongong Business Growth Opportunites report.
It suggested access to fast broadband could be “an attractant for new industries and businesses to the city”.
“Over the next three years it is projected that up to 600 additional businesses and up to 7620 additional digital jobs could be a direct result of access to services over the NBN access network,” the report stated.
The report also found Wollongong ranked third out of 95 regional Local Government Areas in the “innovation” category.
This was in part evidenced by the move to “attract and grow new innovative businesses”.
“Having the necessary infrastructure in place and available to enable this is key, and access to fast broadband is the foundation,” the report stated.
A high-speed connection to the internet was “critical to Wollongong’s aspirations as a city”.
RAI CEO Jack Archer said high-speed internet provided a way forward as Wollongong moves away from its industrial history.
“While Wollongong has undergone a significant economic transition as a result of the heavy industry downturn, the region is counteracting this with its focus on knowledge-based industries, information and communication technology, and advanced manufacturing,” Mr Archer said.
“Having the necessary infrastructure in place can help the region to retain and attract new businesses, which will be the key to Wollongong’s future growth.”