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The economic outlook for Geelong
Geelong is Victoria's largest regional town, with an estimated Gross Regional Product exceeding $14 billion (approximately 3% of Victoria's overall Gross State Product. Geelong's leading education institutions, close proximity to Melbourne and diversity of housing, attracts new residents and investment on an ongoing basis. It's largest industry (by employment figures) is Health Care and Social Assistance. Geelong has a very optimistic economic outlook for the decade ahead. With a population growth rate of over 2% per annum, forecasts anticipate Geelong's population to increase by 80,000 residents between 2022 - 2032.
Geelong is home to over 19,500 local businesses. If you are one of these business owners and are considering selling your business, Lloyds will help direct you through the steps towards a successful sale.
Lloyds corporate brokers have been selling businesses successfully for more almost 40 years. We are recognised leaders in corporate sales, mergers, acquisitions and general business sales. Since 1984 we have compiled an impressive record of sales both domestically and internationally.
The experience and expertise of our Adelaide Brokers will ensure you get the best price for your business. Our international relationships and long standing reputation will help your business to be exposed to a wide range of qualified buyers. We specialise in mid market enterprises, servicing niche markets in the fields of distribution, manufacturing, mining, property, import/export and retail.
The retail industry is the second largest employer in South Australia (2009–10). It employees approximately 91,900 jobs and 12% of the state's workforce. Defence technology, manufacturing, high tech research, trade goods export and corresponding service industries play a role within the South Australian economy. 40% of Australia's high-tech electronics industry are found with Adelaide. Companies in this industry design and produce electronic systems that are sold worldwide for applications in medical, communications, defence, food and wine processing and industrial sectors.
The revenue of Adelaide's electronics industry has increased at about 15% each year since 1990, and in 2011 exceeded A$4 billion. The electronics industry in Adelaide employs over 12,000 people or 14% of all manufacturing employment. The South Australian economy continues to enjoy a trade surplus and has higher per capita growth than Australia as a whole. Lloyds' Adelaide team of Business Brokers will assist your purchase or sale a business within this thriving state.