A thriving NSW economy benefits everyone, creating more and better jobs, improving the way we make and do things, and driving the prosperity and wellbeing for the people of NSW. Higher productivity means higher wages and a boost to living standards for everyone in the community.
We have all the right ingredients for success – a world leading university and research sector, the largest concentration of venture capital in Australia, a highly skilled workforce and globally competitive businesses that are pushing the boundaries of innovation.
Building a better NSW with a thriving economy
The NSW Government has the strategies in place to achieve our vision:
- The NSW Industry Policy is the overarching framework to promote collaboration across industry, the innovation sector, and trade businesses to give firms the confidence they need to invest and grow in NSW.
- The NSW Trade and Investment Strategy 2035 sets clear targets to grow and diversify exports, attract investment and support more NSW businesses with their international growth objectives.
- The NSW Innovation Blueprint 2035 lays out a positive agenda to cement NSW as the innovation powerhouse of Australia and a global leader in high-value industries.
- The Investment Delivery Authority will offer a pathway to fast-track major projects from the private sector that are aligned with the government’s priorities.
- The Tech Central Economic Development Strategy for Australia’s largest and most significant innovation district will unite world-class research, industry-leading businesses, and essential infrastructure to turn bold ideas into global success stories.
Industry missions
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Housing
NSW needs more sustainable, affordable homes. With major projects and strong demand, housing is a fast-growing sector for investors and construction businesses.
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Net zero and energy transition
The shift to net zero is reshaping global markets. Invest in clean energy, green manufacturing and sustainable tech in NSW – home to 21 critical minerals.
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Local manufacturing
NSW is backing local manufacturing with strengths in clean energy, advanced materials and smart logistics. This creates jobs, cuts emissions and boosts global competitiveness.
Focus sectors
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Agrifood
NSW’s agrifood sector combines advanced manufacturing, trusted standards and strong export links – making it a global leader in clean, high-quality food and beverage.
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Defence and aerospace
NSW is a national leader in defence and aerospace, offering full capability – from research and development to deployment – across land, sea, air and space.
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Digital technologies
With Australia’s largest tech workforce and $67 billion annual output, NSW is a powerhouse for digital innovation across AI, fintech, quantum and beyond.
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International education
International education is one of NSW’s strongest export sectors. It creates jobs, fuels innovation and connects us to global talent, markets and ideas.
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Life sciences and healthcare
This sector offers world-class research, MedTech innovation and affordable clinical trials – making NSW a prime destination for healthcare investment.
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Mining equipment, technology and services (METS)
Australia’s top-performing METS sector is in NSW – exporting smart mining tech, digital tools and consulting services that improve safety, efficiency and sustainability.
