Each precinct will create significant volumes of long-term high-skill high-wage employment.
In fact, our first fully-developed masterplan will create at least 100,000 jobs linked directly to education, research and development and service industries by 2050. And this figure will almost certainly be higher when the flow-on effects of our international engagement and research and development activities are leveraged by the broader economy.
A significant proportion of these jobs will be high-skill high-wage employment such as professors, lecturers and administrators at the university campus, and managers, researchers and technicians working in the research and development park; along with hundreds of different jobs which will provide employment opportunity throughout the immediate region.
These jobs, together with the inward flow of capital to commercialise the research and development outputs, will drive employment across all industries and all labour functions.