LLEWELLYN Motors launched the Ipswich Business Index this week aimed at giving an accurate picture of economic activity in the region.

Quarterly surveys will be used to gather information from businesses across the city to compile the index with information released by the chamber.

Llewellyn Motors general manager James Sturges told the Ipswich Chamber of Commerce on Thursday the index was designed to measure business activity across a broad range of industry sectors.

The results will be used to provide a benchmark where each chamber member can measure their performance against the wider business community and against like for like type businesses or industry sectors.

"This highly relevant, locally generated data will be made available to ICCI members and become a meaningful resource that will help business address any gaps in their business building programs," Mr Sturges said.

"In addition it will assist other community stakeholders better understand the issues affecting Ipswich based businesses."

VITAL INFORMATION: Llewellyn Motors general manager James Sturges launches the Ipswich Business Index.
VITAL INFORMATION: Llewellyn Motors general manager James Sturges launches the Ipswich Business Index. Inga Williams

 

Ipswich Chamber of Commerce and Industry president Anita Dwyer said the index came at a time when the city's economy was expecting a big boost from various private and public sector initiatives.

"The local business sector is one of the key indicators of economic growth and the index will provide current and investable information to local businesses in regard to what is going on in the city," Ms Dwyer said.

Mr Sturgess said there was a renewed interest among business owners and investors in the Ipswich region and the chamber hoped the index would provide increased incentive to potential investors.

"Ipswich is a great news story and anything we can do to spread the word, we are only too pleased to support.

"The City of Ipswich has and will continue to grow at a phenomenal rate."

City's potential

  • Ipswich population to grow from 190,000 to 435,000 by 2031.
  • Competitive cost advantages, taxation and access to land for light and heavy industry.
  • 56,000 jobs to be created in Ipswich.