"CBD Sydney Chamber" BiziNet™ Articles

Late in 2020 businesses endured the ripple effect of a December Northern Beaches lockdown and a subdued retail period. Throughout 2020, it was impossible to get together in a group other than over ZOOM or telephone. The good news is that 2021 confidence is much higher that personal business interaction will return.

The December COVID-19 spike, Northern Beaches lock downs and health-related mandates around compulsory mask wearing are now in the rear-vision mirror. Each served as stark reminders of how quickly things change and the speed at which such spikes can impact businesses. For example, during the week of the pre-Christmas lockdown one CBD-based retailer advised that trade was down some 60% on expectations.

Sydney is Australia's largest city. Its population exceeds 5 million people and it contributes over 24% of the Gross Domestic Product (GDP) of the Australian economy.

The cluster of activities in Sydney city and its surrounding town centres creates an economic engine and a symbiotic relationship amongst its businesses. It generates competitive value for the businesses in this area and in return businesses benefit from increased connectivity, access to labour and talent, infrastructure, and the flow on effects of innovation.

What We've Observed Through Our Sydney Business Survey. During August 2020 the CBD Sydney Chamber completed a Sydney CBD-focused research project in collaboration with Vincents Accounting & Insolvency and the Sydney Business Chamber.

All businesses, whether an established or new business, can potentially benefit from applying for grant funding.