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Internet ExplorerHoneysuckle boosts jobs and economy
The Member for the Hunter, Jodi McKay, said today that the latest research has confirmed that Newcastle’s Honeysuckle urban renewal project is continuing to generate thousands of jobs and deliver a huge boost to the city’s economy.
A study conducted by the Hunter Valley Research Foundation reports that Honeysuckle generated $1.335 billion in economic activity in 2007-2008 and created almost 5000 new jobs.
“This dynamic precinct continues to live up to our expectations in leading the way in jobs creation and economic development for our city and the surrounding region,” said Ms McKay.
“Honeysuckle has rejuvenated Newcastle and the study also suggests the economic and jobs growth will continue well into the future.”
The research estimates that 4,844 full time jobs have been generated by the Honeysuckle project including 1,108 jobs created by public spending, 2,188 created by private sector spending and 1,545 flow on jobs.
Minister for Planning Kristina Keneally said Honeysuckle was an example of how good planning can deliver wide ranging benefits to the whole community.
“This development is working really well and it is pleasing to see the positive impact on Newcastle and surrounding areas will continue,” Ms Keneally said.
The report was commissioned by Hunter Development Corporation. HDC General Manager Craig Norman said the research reaffirmed that Honeysuckle is a driving force behind the revitalisation of Newcastle.
“The project has delivered new jobs in a variety of sectors such as construction, hospitality and professional services while at the same time providing new housing, commercial and recreation centres for the city.
“There is still a great deal of construction work yet to be done on a number of sites in Cottage Creek and Lee Wharf.”
