Strong business registration growth

Business & Economic Development

Business is booming in Golden Plains, with a total of 447 new businesses registered in the Shire in the 2018/19 financial year.

Businesses in the Construction Industry lead the way, with 103 construction related businesses registering over the last year. Agriculture remains the predominant industry sector, and recorded the second highest amount of new businesses with 42. Administrative and Support Services related businesses are also on the increase, with 39 new businesses registering within the Shire’s boundaries.

Registrations were received from all corners of the Shire. While most of the new business registrations are located in or around Bannockburn and Teesdale, Inverleigh, Lethbridge and Smythesdale also recorded new business registrations.

Strong business registration growth comes as no surprise, following the release of ABS population figures earlier this year showing that Golden Plains Shire is still one of the fastest growing areas in regional Victoria. Between 2017 and 2018 Golden Plains Shire grew by 2.4%, taking the Shire’s population to 23,120 people. Golden Plains retained its position as the fifth fastest growing regional LGA in Victoria (by percentage growth rate).

These business registration figures are testament to Golden Plains being an emerging area to do business, with close access to Geelong, Ballarat and Melbourne markets.

For further details on new or existing businesses, contact Council’s Investment Attraction and Business Support Team on 5220 7111 or [email protected].

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