CCBR Business Review

Other demographic data Registeredbusinesses In June 2017 there were 22,604 registered businesses on the Central Coast. Of these 186 had a turnover of over $10 million and 999 businesses had a turnover between $2 and $10 million. Overall those with a turnover of over $2 million accounted for only 5% of total businesses while those with a turnover below $200,000 accounted for 58% of total businesses. In terms of the number of businesses by numbers employed the following table indicates a similar picture to the Above. 54% of registered businesses are non-employing businesses. This could be due to the fact that tradesmen and consultants need to have an Registeredbusinesses on the Central Coast by turnover – June 2017 Industry 0 to < $50k $50k to <$200k $200k to <$2m $2m to <$5m $5m to <$10m $10m or more Total Agriculture, Forestry & Fishing 184 161 153 19 3 0 512 Mining 17 8 21 3 9 3 56 Manufacturing 123 274 374 66 29 30 887 Electricity, Gas, Water & Waste 8 32 42 4 0 3 96 Construction 534 2,428 2,101 157 50 30 5,292 Wholesale Trade 141 193 297 52 28 27 732 Retail Trade 190 334 633 142 39 27 1,377 Accommodation, & Food Services 69 241 578 44 27 17 976 Transport, Postal & Warehousing 341 359 328 20 12 3 1,065 Information, Media & Telecoms 85 86 55 3 0 3 230 Financial & Insurance Services 902 548 315 27 3 4 1,800 Rental, Hiring & Real Estate Svc. 625 912 580 68 14 9 22,604 Professional, Scientific & Tech. Svc 679 1,032 910 58 19 6 2,698 Administrative & Support Services 203 446 291 30 3 4 985 Public Administration & Safety 16 35 38 6 3 0 102 Education & Training 79 146 131 8 0 5 368 Health Care & Social Assistance 189 460 799 32 10 4 1,489 Arts & Recreational Services 110 132 103 0 3 0 353 Other Services 153 508 455 22 3 3 1,141 Currently Unknown 66 105 56 3 3 0 235 Total Registered Businesses 4,711 8,432 8,278 762 237 186 22,604 Source: economy.id and National Institute of Economic and Industry Research (NIEIR) Australian Business Number (ABN) to gain employment. It therefore follows that the Central Coast region is predominantly made up micro and small businesses. Business employment numbers – June 2017 Persons employed No. of Businesses Non-employing 12,232 1-19 employees 9,878 20-199 employees 480 200+ employees 13 Total 22,604 Building approvals The value of building approvals on the Central Coast has increased significantly since 2016-17 although approvals have been on a growth path since 2012-13. Value of Building approvals Financial year Residential $('000) Non- residential $('000) Total $('000) 2017-18 667,281 264,871 932,152 2016-17 487,131 327,754 814,885 2015-16 551,957 136,025 687,982 2014-15 371,926 209,563 581,488 2013-14 329,573 184,078 513,651 2012-13 241,042 124,700 365,742 2011-12 216,782 115,434 332,216 2010-11 350,235 101,692 451,927 2009-10 303,855 305,636 609,491 2008-09 220,145 248,474 468,619 Source: economy.id The Central Coast Ultimate Guide to Business 2018-19 42