CBA drives progress on Mid-North Coast

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

Concentrate on key financial sectors

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

“Over the numerous many years of connection between the folks and companies of the mid-north coast and the Commonwealth Financial institution, we have now watched with pleasure and admiration the hassle and willpower of the local people to construct a sustainable financial system that’s targeted on offering advantages for all the 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 financial system firmly anchored throughout the healthcare, building, 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 information from the CBA Regional Movers Index.

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

Lengthy-standing group ties

“CBA has long-standing and deep roots on this group, and we’re proud to serve the realm by means 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 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 are a lot in demand,” he mentioned.

“As a buyer of CBA, we have 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 important alternative for us to not solely showcase what we do however to additionally showcase the capabilities of regional Australia.”

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