18/08/2026
Western Sydney is on track to have more employing businesses than Eastern Sydney within the next 15 years. This is an incredible opportunity for our state, but only if we foster the next generation of entrepreneurs.
Business NSW President Joseph Carrozzi AM spoke with Channel Nine’s Deb Knight recently about the economic growth and potential of Western Sydney.
Over the past decade, Western Sydney added almost 23,000 employing businesses, compared with just over 10,000 in the east.
While the Western Sydney numbers are positive, we know we have an overall problem with the number of entrepreneurs coming through the system.
To coincide with Business NSW’s 200th anniversary, we are releasing our NSW’s Future Entrepreneurs report – written in collaboration with the University of Sydney Business School.
The report reveals a concerning drop in the percentage of NSW workers who own and manage a business with employees. During the Sydney 2000 Olympics it was eight per cent. Today it's less than five per cent – the lowest level in at least 35 years. If that eight per cent rate had been maintained, NSW would have about 135,000 more employing businesses today.
Governments cannot manufacture entrepreneurs. But they can create an environment where more people see entrepreneurship as a credible and rewarding pathway through life.
If we want an economy that delivers better outcomes for everyone in NSW, then we should start by making it easier to run and grow a business here. That’s why we are calling on the NSW Government to lead a mission for NSW to become the best place in Australia to start and scale any business.
This is a long-term endeavour to drive cultural change and build embed a more entrepreneurial mindset in NSW. The first step is for government, businesses and the community to prepare a Future Entrepreneurs Strategy with a simple goal: make it easier for people to start and grow successful businesses in NSW.
Governments must create the right conditions for business to succeed. That means lowering payroll tax and improving other tax settings, giving emerging businesses more support when they’re growing with programs like Business Connect, and driving down the cost of doing business overall.
Download the report here:
https://www.businessnsw.com/news/latest-news/nsw-future-entrepreneurs
Read the Sydney Morning Herald story here: https://www.smh.com.au/national/nsw/sydney-s-business-growth-hotspots-revealed-and-the-missing-middle-20260810-p60n2l.html