Challenges and Opportunities in Canberra's Economic Landscape

The Canberra Business Podcast

Join us for an enlightening conversation with Andrew Sykes, a seasoned partner at RSM Australia, who brings over four decades of experience to our discussion on Canberra's small to medium-sized business landscape. Discover the intriguing dynamics of how different sectors are navigating economic challenges, with retail and hospitality facing struggles while others find ways to thrive. Andrew shares his wisdom on how businesses can protect their bottom line by identifying and plugging financial leaks. From shifts in consumer behavior to the ripple effects of changes in government employment, we've got a lot to unpack about the local economy's current state and future potential.
Looking ahead, we explore the landscape of growth opportunities that Canberra can seize. Andrew shares practical advice for capitalizing on property development and infrastructure projects like the light rail, as well as boosting tourism with key business infrastructure. We delve into Canberra's aspirations to become a global leader in defense and space technology, emphasizing the critical role of collaboration between higher education and industry. Plus, we touch on the cultural and economic significance of supporting local artists and sports initiatives. With insights into the city's upcoming economic report, this episode offers a comprehensive look at the opportunities and challenges shaping Canberra's economic future.

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1. Challenges and Opportunities in Canberra's Economic Landscape (00:00:00)

2. Canberra Business Community and Challenges (00:00:09)

3. Future Growth and Infrastructure Priorities (00:07:16)

4. Canberra's Economic Future and Collaboration (00:17:40)