Employment Growth Focused on City Centre

MELBOURNE’S CBD and surrounds has become the Vicotiran economy’s engine room. The city’s changing employment mix away from manufacturing (largely based outside city centres) towards knowledge industry sectors such as financial and business services (traditionally based in the inner city) has meant an increase in jobs in the inner city.

A recently released report points out that over 60% of new jobs in Australian cities are created within less than 10km from a CBD.

At the launch of Melbourne Knowledge Week in April 2015, Melbourne Lord Mayor Robert Doyle highlighted a four year plan to further enhance Melbourne’s multibillion dollar knowledge sector.

“The City of Melbourne’s knowledge sector is a multibillion dollar industry, which employs two thirds of our workforce and accounts for half of our gross regional product,” the Lord Mayor said.

“We have created a blueprint to ensure our city remains the home of strong knowledge sector industries, an entrepreneurial spirit and a skilled workforce.”

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