Steel, still real
Wollongong's local government area had a population of 221,894 as of 2024. BlueScope's Port Kembla steelworks employs around 3,000 people directly and supports approximately 10,000 Illawarra jobs through contractors and suppliers, generating more than $2 billion a year in local steel sales — steel remains a genuinely large part of the regional economy, not a relic of it.
But no longer the largest employer
Health care and social assistance is now the single largest employing industry in the Illawarra, at 19% of the workforce — 21,650 people — ahead of education (12,977) and retail (11,461), a clear shift in the region's economic centre of gravity even with steel still substantial.
A genuine startup track record
The University of Wollongong's Innovation Campus hosts the Australian Institute for Innovative Materials and the iAccelerate startup incubator, which has supported more than 600 ventures, helped create over 1,200 jobs, and backed founders raising more than $145 million in capital since 2016. The region's Gross Regional Product stands at $17.6 billion, having added 10,612 net new local jobs since 2017–18 — hitting its 2030 jobs target four years early.
The buyer
An industrial workforce alongside a fast-growing health sector and a genuinely proven local startup ecosystem — three distinct economies operating in one region.
The practical read
iAccelerate's track record means Wollongong has real, recent experience building digital-first businesses from nothing — a useful local benchmark for what a credible online presence looks like, well beyond the region's steel-town reputation.
Sources
- profile.id.com.au — Wollongong population
- BlueScope — Illawarra operations
- Illawarra Mercury — healthcare employment growth
- iAccelerate — about
- Wollongong City Council — jobs target announcement
Caveats and sourcing
- Verifiable — the population figure, BlueScope's employment and revenue figures, the healthcare employment-share figures, and iAccelerate's stated track record.