Geelong Economy 2026: Beyond the Ford Factory — Victoria's Second City Reinvents Itself

Geelong's economy has been through one of Australia's most dramatic industrial transformations. The closure of the Ford manufacturing plant in 2016 was a moment of crisis that the city has since navigated with considerable success. In 2026, the economy is more diverse, more innovative and more confident than at any point in the post-industrial era.

Geelong Technology Precinct

The Geelong Technology Precinct and the Carbon Nexus facility at Deakin University have positioned Geelong as a centre for advanced manufacturing and materials research. The growing cluster of cleantech, defence technology and professional services businesses represents the new face of Geelong's industrial economy.

Deakin University

Deakin University's Waurn Ponds campus is one of the largest employers in the Geelong region and a significant driver of innovation and economic activity. The university's research programs in health, manufacturing, education and business support the local economy and attract investment from industry partners.

Healthcare

University Hospital Geelong (Barwon Health) is one of the largest healthcare providers in regional Victoria and a significant employer. The health precinct in central Geelong and the aged care sector more broadly are growth employment areas driven by population ageing.

The Surf Coast economy

Torquay and the Surf Coast have developed a genuine surf industry economy — surfboard manufacturing, apparel, retail and surf school operations — that sits alongside the residential growth driven by the lifestyle appeal of the area. The Rip Curl and Quiksilver presence in Torquay reflects the area's global significance in surf culture.

This article was compiled by AI from the sources linked above and screened before publishing. See our editorial standards.