Michael Varekamp, co-owner of the Dragonfly cafe, in Lismore, thinks Lismore is a great place to do business
Michael Varekamp, co-owner of the Dragonfly cafe, in Lismore, thinks Lismore is a great place to do business

10,000 reasons to invest in Lismore

By SAMANTHA TURNBULL

PHENOMENAL growth in business is cementing Lismore's future as the capital of the Northern Rivers.

While sea-changers flock to the region's coastal strip, more than 10,000 new businesses have been registered inland under the 2480 postcode over the past six years.

Lismore City Council Economic Development Unit (EDU) spokeswoman Isabel Perdriau said the most obvious benefit for the entire region was a higher employment rate.

"The growth in employment is the number one benefit and will be the number one benefit as business continues to grow," she said. "There will be an impact on average household incomes as larger employers come to Lismore with jobs for people regionwide."

Figures from the Australian Bureau of Statistics show there were fewer than 2000 businesses with an Australian Business Number and a 2480 postcode in 1999, compared with more than 12,000 this year.

The EDU used the statistics in a brochure to be distributed next week to potential investors, current business owners and other organisations with an interest in Lismore.

The publication promotes the city as the regional hub of the Far North Coast, highlighting the fact 47.2 per cent of Lismore's population is employed compared with 32.4 per cent in Ballina and 31.3 per cent in Tweed Heads.

Lismore Unlimited vicepresident Heather Williams, said: "Retail space is at a reasonable value in Lismore, but you can't compare that to places like By- ron where it's so high."



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