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Wollongong ranks 18th in Australia for entrepreneurship, outperforming Sydney and Newcastle due to strong business survival and low costs.
Wollongong ranks 18th in Australia for entrepreneurial success according to a World First report, outperforming Sydney and Newcastle.
The assessment cited strong business survival rates—87.1% after one year and 62.9% after four—as well as low costs and access to talent.
Local business owner Jacob Zammit attributes his vintage record store’s success to affordability, community support, and lean operations, relying on word of mouth and Facebook to grow despite limited visibility.
The report highlights Wollongong’s growing appeal for small, niche businesses, with Adelaide ranked first and Bowral-Mittagong last.
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Wollongong ocupa el puesto 18 en Australia para el emprendimiento, superando a Sydney y Newcastle debido a la fuerte supervivencia empresarial y los bajos costos.