Coast economy in decline With more data becoming available from the 2021 Census as well as economic data for the Financial Year 2021-22 this is showing a clearer picture of the state of the regional economy. Gross Regional Product has declined over the past two years after a growth spurt from 2016 to 2019. It is possible that this could be due to issues around the failure of the Central Coast Council following amalgamation.  However, with millions of dollars of investment capital tie...

Central Coast Industry Connect (CCIC), the Central Coast’s lead manufacturing industry body, was pleased to see that $17.2M had been allocated to the region, for its Food Manufacturing and Innovation hub in the Federal Budget. A strategic business case for the hub was developed by CCIC late last year with the assistance of Food Innovation Australia Limited and major industry partner TrendPac. The business case had support from regional stakeholders including Regional Development Austra...

Tuggerah based Mirait Technologies Australia has won the contract to provide design and construction services for the first competitive fibre backbone between Perth and Port Hedland West Australia. To be built by one of Australia's largest fibre and solutions providers, Vocus, the undertaking, which is the first major project under their $1 billion investment programme, known as Project Horizon, is on schedule to begin deployment before the end of this year. Project Horizon, when comple...

The days when the Central Coast was a significant electricity generation region for NSW may be returning. Two recent announcements concerning the Vales Point and Munmorah power stations have highlighted their continuing value as centres of electricity generation and distribution. Munmorah is also home to a 667 MW gas-fired power station, Colongra Power Station, opened in 2009 at a cost of $500 million. Colongra, was acquired by Snowy Hydro in 2015. In mid-September it was announced that V...

North Gosford boat builder, McConaghy Boats has announced the delivery of their latest build to its owner in San Francisco. Vasara, a 56-foot full-custom yacht has been designed and built to ISO Ocean Category A and the offshore Category 1 of the World Sailing Offshore Special Regulations. Designed by San Diego naval architects Reichel/Pugh Yacht Design and structural engineering by PURE Design & Engineering a New Zealand based engineering consultancy specialising if the design of advanc...