CBA drives progress on Mid-North Coast

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

Give attention to key financial sectors

Throughout a go to to Port Macquarie, Comyn emphasised the area’s deal with crucial areas of financial improvement, 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 delight and admiration the hassle and dedication of the local people to construct a sustainable economic system that’s targeted on offering advantages for the entire folks within the area,” Comyn stated.

Spectacular regional improvement

The area’s improvement 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 schooling sectors,” Comyn stated.

Inhabitants progress in Port Macquarie-Hastings

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

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

Lengthy-standing group ties

“CBA has long-standing and deep roots on this group, and we’re proud to serve the world via our people who find themselves based mostly right here and the companies that we offer,” Comyn stated, whereas additionally addressing present challenges like cost-of-living pressures.

Showcasing regional innovation at Birdon

Comyn toured the services of world 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 can be a lot in demand,” he stated.

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

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