City of Parramatta Media Release: NAB announcement a coup for Parramatta
City of Parramatta Council says having one of Australia’s largest financial institutions establish a major presence in Parramatta will be a huge boost to the local economy and is testament to the City’s role as Sydney’s Central City.
Council says today’s statement by the National Australia Bank that it is consolidating its existing seven Sydney offices into two new locations, including a site in Parramatta, sends a clear message that Parramatta is the place to do business.
Over the next five years economic growth in Parramatta is projected to almost double and its workforce is set to swell to 186,000, with a strong emphasis on a growing financial sector.
“This is a great day for the people of Parramatta to know that a household name like NAB has shown such confidence in the future of our City,” Council’s Administrator Amanda Chadwick said.
“NAB’s decision is a beacon to the rest of Sydney that Parramatta is truly a compelling place to work and live. We have world-class open spaces, a thriving CBD and passionate residents who I know will join me in welcoming NAB’s workers to our great City.”
As Sydney’s Central City, Parramatta is at the heart of one of Australia’s fastest growing economic corridors and is in the midst of an unprecedented boom as a result of well over $10 billion in projected public and private investment in the City over the next five years and beyond.
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