Citing both short and long-term benefits for the Port Stephens community, Mayor Palmer says it’s clear there will be an enormous impact on the local economy within Port Stephens:

“Currently, Defence and associate supplier industries in Port Stephens employ over 6,000 people, generating $927 million in wages in our area. We know this is only set to grow, with flow-on economic benefits in the next 20 years set to reach $1.2 billion.

“With around $1 billion worth of investment in infrastructure and facilities to continue as part of the JSF program, we’re set for many new jobs to be created and better opportunities for our communities.

“There will also be further investment in initiatives such as Astra Aerolab, which bridges defence, aviation and aerospace industries to create a cutting edge commercial precinct in our area. This alone is expected to create over 5,000 jobs and inject $246 million into the NSW economy.

“Long term, the impact will continue to grow as industries including education, hospitality, medical and other services all set to benefit. New businesses will attract new employees who will choose to live, work and play in Port Stephens, growing our communities socially, intellectually and economically for decades to come,” Mayor Palmer said.