City of Newcastle is pleased to announce the launch of our first Newcastle Business People newsletter! No images? Click here City of Newcastle (CN) acknowledge the Traditional Custodians of this land, a people who belong to the oldest continuing culture in the world. We pay our respect to Elders both past and present and to those emerging, for they hold the memories, the traditions, the cultures, and the aspirations of Aboriginal and Torres Strait Islander people. I am thrilled to bring you our first Newcastle Business People newsletter, a resource that provides our local businesses with data insights, news and upcoming events, as well as opportunities to help your business grow. We're glad to have you, and look forward to staying in touch as part of City of Newcastle's commitment to Newcastle Business People. To learn more, respond to this email or take a look at our website. Lord Mayor of City of Newcastle City AnalyticsSource: ABS, Labour Force, Australia, Detailed, ABS, Regional Population. Population ChangeEconomic Development at the City of Newcastle is about enabling local business people to have the skills / talent required to expand their local operations, thereby maximising the growth opportunities that exist across our city. We have invested significantly in targeted training programs (NewSkills) and talent attraction programs (New Move; Imagine Newcastle). The population of our city has changed and will continue to evolve over the coming months and years. Below are two headline changes identified through the recent releases of 2021 Census data. Migrant PopulationsNewcastle's migrant population has been growing substantially with the population born overseas increasing from 9% in the 2011 Census to 17% at the 2021 Census. The proportion of Newcastle residents with one parent who was born overseas is also growing, and at a faster rate than other gateway cities across Australia. The proportion of Newcastle residents with one parent who was born overseas is also growing, and at a faster rate than other gateway cities across Australia. Almost one-third of Newcastle residents have at least one parent born overseas. Noting that the majority of international migrants arrive in Australia on skilled visas, this trend will grow the skill base of Newcastle. Source: ABS Census 2021 data, extracted for KPMG presentation to City of Newcastle Strategy & Innovation Advisory Committee of Council, February 2023. Age StructureInternational migration and internal migration trends have led to the share of residents in Newcastle in the younger (20-34 year old) age groups growing as a proportion of the total population. The proportion of 20-34 years olds has increased from 23.5% to 24.5% of the total population. Similarly, the 65+ age group has been shrinking. This is beginning to be reflected in a higher participation rate for the city and will strengthen economic opportunities into the future. The City of Newcastle Economic Development Strategy identified the existing skill base and age structure challenges for the city. These evolving population changes are encouraging and will strengthen our economy into the future. As one of our City's favourite eat streets and boutique shopping destinations, data from October to February show sales expenditure in the precinct increased by over 5% when compared to the same period last year. A place to gather (and spend!): Darby Street has been a tourist hotspot since the beginning of the Trial with 45% of total sales expenditure originating from spenders residing outside the Newcastle LGA. Council voted to retain infrastructure installed for the Trial including existing traffic calming infrastructure and outdoor dining deck. Council will also place concept plans for upgraded traffic calming infrastructure at the southern and northern entries to the 30km/h zone on public exhibition. Imagine NewcastleIs your business hiring? Open Soon: Special Business Rate Contestable FundingSpecial Business Rates (SBR) collected from businesses are available for the promotion, beautification and development of SBR precincts. Contestable funding is distributed through an Expression of Interest processes for each precinct with an Assessment Panel assessing proposals for impact, creativity and innovation. EOIs for Hamilton, Wallsend and New Lambton will open on 26 April 2023 with funding available from $4,000 to $40,000 per application. Recent SBR projects include a community mural on the New Lambton Library, the Wallsend Op Shop Trail project, and Newcastle Fringe Festival. Upcoming EventsApril 1 - April 30 There's still time to enjoy the flavours of Newcastle Food Month. With over 40 feature events bringing all foodies and fun-lovers the very best and most unique events in the region. The special $25 Plate Date deals let you enjoy a main meal and a beverage. Get ready to eat your way around Newy for breakfast, lunch AND dinner! April 22, 4pm - 8pm
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