CSC Australia has won a $2.76 million grant to create Centres of Excellence for Cloud and cybersecurity.
The centres, to be located within CSC’s Technology Park campus in Wollongong, are expected to create 98 new jobs.
The dollar for dollar co-investment will see CSC Australia matching the $2.76 million grant, bringing the total investment in the region to $5,518,238.
The grant is part of the Illawarra Region Innovation and Investment Fund (IRIIF), established by the Federal and NSW Governments together with BlueScope Steel, to strengthen the region by stimulating investment and diversifying the Illawarra economic and employment base.
With this grant, CSC will create two Centres of Excellence, including: Establishing world leading Cloud and emerging IT services for Australian and global customers; Security operations to monitor and respond to local, regional and global network threats and cyber attacks
More than 500 new sustainable jobs will be created in the Illawarra and $48.8 million worth of investment generated by projects supported under the second round of the Illawarra Region Innovation and Investment Fund (IRIIF).
The Federal Minister for Industry and Innovation, Greg Combet, and the NSW Deputy Premier, Andrew Stoner, jointly announced 25 businesses were offered IRIIF grants worth a total of $17.2 million.
Combet said the co-investment grants were expected to directly create 512 new jobs, while indirect employment in the supply chain and other service providers would grow even more significantly.
Among second-round recipients was Port Kembla’s National Biodiesel Ltd which was offered a $2.86 million IRIIF grant for an infrastructure project expected to total more than $14.3 million in investment and create 52 new jobs.
Recipients Lumina Administration, One Wealth and VanceInfo Technologies will all move into the Illawarra region for the first time.
Including Round 1 projects, the IRIIF is expected to directly create 888 new fulltime equivalent jobs and generate at least $90 million in total investment in the Illawarra.