Home' Forge : Vol 1 No 3 Contents 97
kilometres, the municipality extends
from Sydney Harbour at Rushcutters
Bay, to Glebe and Annandale in the
west, to Sydney Park and Roseberry
in the South, and Centennial Park and
Paddington in the east.
Diversity is one of the City's competitive
advantages. It is among Australia's most
ethnically diverse areas: almost half of
its residents were born overseas, and
about 30 per cent speak a language other
than English. It has a large gay, lesbian,
bisexual and transgender community,
and a proud Aboriginal and Torres
Strait Islander population. The City of
Sydney prides itself on its acceptance and
inclusion of people from all walks of life.
International students add to its
diversity. More than 35,000 study in the
City of Sydney, and about 10,000 live
there. It was named the world's most
popular city for international students
in 2014 by global consultancy frm A.T.
Kearney. Sydney beat 83 cities, including
London, Paris and New York, to win the
Sustainability is another strength.
The City of Sydney is recognised
internationally for its outstanding
environmental performance, and the
Sustainable Sydney 2030 strategy aims
to make the city as green, global and
connected as possible.
The City's lifestyle is another advantage.
Sydney Harbour surrounds three
sides of the City, which includes iconic
attractions such as the Sydney Opera
House, the Rocks, Darling Harbour,
Chinatown, Oxford Street, and Hyde,
Moore and Centennial Parks.
The emergence of small bars in the
city, food trucks, bike networks, public
arts programs, cultural performance
spaces and festivals is further enhancing
'Council policies to create a "cool city"
are paying off,' says Moore. 'They are
great for residents, and a signifcant
asset to attract young people in
knowledge-intensive industries who
could choose to set up a company
anywhere, or work in other global cities,
but prefer Sydney for its lifestyle.'
Emergence of new businesses leads a
The City of Sydney is attracting high-
growth ventures to 'clusters' across
the CBD, and is a pioneer in programs
to encourage and foster start-up
entrepreneurship. It has Australia's highest
concentration of tech start-ups, and is
known globally for supporting innovation.
In August, the City of Sydney
announced the Tech Startups Action
Plan to create an ecosystem that helps
tech entrepreneurs to start and grow
global businesses. Ideas in the draft plan
range from creating an entrepreneurship
centre, to offering 'how to code' classes,
cutting through planning red tape,
and encouraging co-working spaces. A
visiting entrepreneur program, a Sydney
tech start-up festival and investor-
recruitment events are other ideas.
'Council is working very hard to
support tech and other start-ups,' says
Moore. 'We want them to choose Sydney
over New York, London, Shanghai and
other global cities that historically have
had larger start-up communities. A large
base of start-up companies will help
create jobs and strongly position the
City of Sydney for the digital economy.'
A thriving start-up community will add
to the City's main economic strength:
big business. Almost 40 per cent of
Australia's top 500 corporations are
headquartered there. Financial and
insurance services, professional services,
public administration, and media and
technology dominate its economy.
About 2000 businesses have joined the
City of Sydney since 2007.
The City's Gross Regional Product grew
from $78 billion in 2007 to $101 billion
in 2011 -- equivalent to about seven per
cent of Australia's economy.
Developments spur new growth
The $8 billion Green Square project, on
a former industrial site, is reshaping
the City's southern precinct and its
main growth corridor. Ten thousand
apartments are due for completion in
the next four years, and Green Square's
population is expected to top 19,000 by
then, and up to 53,000 when the project,
which covers more than 278 square
hectares, concludes in 2030.
The City of Sydney has committed
$440 million over 10 years for
infrastructure and community facilities,
and it wants Green Square to exemplify
Barangaroo, a multi-billion-dollar
development, will eventually cater
for 22,000 workers and 2000 residents.
Its plans include a high-rise hotel,
commercial offces, residential
dwellings, shops, a casino, cultural
venues and a foreshore park.
The Ashmore precinct is another key
development. The 17-hectare site at
Erskineville will create a new residential
neighbourhood, and will house 6000
residents over 10 years.
The $1.1 billion Harold Park urban
renewal project, near Glebe and
Annandale, will have 1250 residences
for around 2500 people. Nearly 80
affordable rental units, expected to open
in 2018, will help low- and middle-
income earners. More than one-third of
the privately owned park will be turned
into a public park.
The $2 billion Central Park project at
Broadway, on the site of the former
Carlton and United Breweries, also
has a focus on affordable housing and
'These and other developments across
the City of Sydney are setting new
benchmarks for design and functionality
in global cities,' says Moore. 'They are
encouraging people, including families,
to live in the City. As that happens, the
City becomes livelier, more energetic
and more interesting -- and an even
greater place to live in.'
To learn more about the City of Sydney,
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