Ballarat Technology Park Economic Impact Report
Returning clients Federation University and IBM Australia commissioned us to undertake an economic impact analysis of the Ballarat Technology Park .
IBM Australia and Federation University have been in partnership for 25-years at the Park. WRI estimate that the Park contributed $629 million in economic value to the Victorian economy between 2018-2019. Our research shows Ballarat Technology Park underpins 4,435 jobs in the state and nearly 9 per cent of jobs in the Ballarat local government area.
The report notes a 173 per cent increase to the Park’s economic contribution since 2009 when WRI last assessed it economic impact.
Economic impact analysis assists businesses to evaluate their contribution to a region.