Caddens Corner is expected to generate $60 million in local economic activity in the first 12 months of operation. It’s also ticking all the boxes in terms of generating local jobs.
In the construction phase alone, the development supported 600 jobs and engaged more than 1,600 tradespeople. Once open, Caddens Corner will provide 428 new full-time or equivalent jobs.
Peter Pickering, Vice President, Finance and Resources at Western Sydney University, said the jobs created by Caddens Corner could not come at a better time. “2020 has been a very difficult year for many people, so it is wonderful to be part of a project that is creating jobs and boosting the local economy, and also contributing to the financial sustainability of the University,” Mr Pickering said.
Caddens Corner is part of the University’s Western Growth strategy, a plan to reshape the campus network and maximise investment in teaching, engagement and research while fostering connection and community engagement. Western Growth responds to the changing needs of Western Sydney, and aligns with the Government’s vision to boost the livability, productivity and sustainability of the region.
It is forecasted that Caddens Corner will generate over $60 million in local economic activity in the first 12 months. “It’s wonderful to see an educational institution strengthen its local economy by providing the catalyst for jobs growth,” Mr Pickering said.
Member of Penrith and Minister for Jobs, Investment, Tourism and Western Sydney, the Hon. Stuart Ayres commended Western Sydney University (WSU) on its strategic approach to growth in the region. “The investment by WSU into Caddens Corner is a huge boost to the local economy when we need it most. Not only will there be jobs through construction but there will be new retail and service jobs as our economy emerges from the COVID crisis. This innovative development is a win-win for the community and the university.”
Woolworths will provide 120 jobs with the rest created in retail, hospitality, childcare and medical and professional services. Woolworths State Property Manager Brad Karge said the supermarket chain was delighted to be part of Caddens Corner. “We’re pleased to be providing 120 local jobs and looking forward to delivering an essential and convenient shopping experience to residents when we open our doors later this year,” Mr Karge said.
Image above from left: Prue Car MP Member for Londonderry, Clr. Ross Fowler Mayor Penrith City, Peter Pickering Vice-President Finance and Resources Western Sydney University, Clr. Tricia Hitchen Penrith City and Hon. Stuart Ayres MP Member for Penrith, NSW Minister for Jobs, Investment, Tourism and Western Sydney.
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