Tamworth is primarily a service centre for the New England and North West regions, providing services to a population of some 200,000 plus people from the Tamworth region and satellite areas. The retail industry is the biggest employer, followed by manufacturing and health services. The industries with the most number of businesses in order are property and business services, agriculture and construction, closely followed by finance and insurance services. With a diverse economy agriculture, education, transport and aviation are major industries.
Aviation Aviation has been a significant part of the local economy, partly due to the town's exceptionally suitable flying weather, with the former
East West Airlines and Eastern Airlines having had service and maintenance bases at the Tamworth Airport. Qantaslink currently conducts heavy maintenance on its DHC8-400 fleet at its Tamworth base. The Tamworth airport is home to the former Bae systems flight training academy complex, capable of accommodating and training up to 150 students at any time. New operators are currently being sought following the withdrawal of Bae from military flight training in 2020. The Australasian Pacific Aeronautical College and New England Institute of TAFE in the town also provide aeronautical training.
Agriculture Agriculture is an important industry in the Tamworth economy. An estimated of land are used for the agricultural industry, with an economic gross value of $75 million contributing to the Tamworth economy. Important agricultural activities include beef, sheep, grain, dairy, poultry and lucerne. These events were hosted at the Tamworth Showgrounds in the suburb of
Taminda; however, they are now hosted at the new Australian Equine and Livestock Events Centre as of 2008. The Australian Equine and Livestock Events Centre has been built by the
Tamworth Regional Council at a cost of $30 million. Construction of stage I began in June 2007 and was completed in October 2008. The centre has an indoor arena seating 3,360 people, stables for over 478 horses, a covered stud livestock-selling area with seating for 660 people and truck and camping facilities for 195 vehicles. Associations for
Appaloosas horses, all breeds, Western Performance,
Australian Stock Horses,
Pony Clubs and cutting horses all use the centre.
Retail Tamworth is the largest and main retail centre for the
New England and
North West Slopes regions of
New South Wales. Retail accounts for 22.5% of the working population and is the largest employer in the town. Peel Street is the major retail and shopping area of Tamworth and is located in the
Tamworth central business district. Three blocks of Peel St were refurbished over different stages during the 1990s. There are a few hundred shops in the main street, as well as restaurants, street cafés and banks. These include a large
Target department store (formerly
Grace Bros). There are many shopping centres located in Tamworth, with the majority being located in the CBD, but many are also located in various neighbourhood suburbs. Shopping centres include: • Tamworth town Plaza is located in the CBD, with 42 shops including
Coles and
Kmart. • Centrepoint Shopping Centre is a shopping centre that was completed by Christmas 2008 behind the Tamworth Town Hall, in the CBD between the old town library and behind the speciality shops in the main street Peel St. The Centre contains a supermarket, as well as a Cinema Complex that contains five cinemas and a performing arts centre/theatre known as the Capitol Theatre that also doubles as a cinema, six restaurants, a food court and 40 speciality shops. • The Atrium, formerly known as the Tamworth Arcade, is located in the CBD with entrances from Peel St and Kable Avenue. • Eastpoint Shopping Centre Tamworth, located in the CBD on Peel St • Tamworth Shopping World is located in
West Tamworth along Bridge Street, with over 50 speciality shops, including a food court • Northgate Shopping Centre is situated in
North Tamworth;
Coles is located inside the centre, as well as 10 speciality shops. The centre has been recently redeveloped. • Southgate Shopping Centre in
South Tamworth is home to Coles and other speciality shops. The centre was the first mall to be built in Tamworth. In 2012 Southgate undertook a redevelopment and facelift. • Tamworth Homespace is located out at the Longyard. It is a bulk goods complex. • Calala Court shopping complex, located in
Calala, was opened in 2007. It has 10 speciality shops and a supermarket.
Tourism Tourism is a significant industry in the Tamworth area, worth $AUD239 million annually as at December 2014, with by far the most significant draw being the annual
Tamworth Country Music Festival, the biggest event of its type in Australia and the
Southern Hemisphere. Other attractions include Tamworth's museums and galleries. Nearby destinations include several country towns, including
Barraba, popular for
birdwatching,
Nundle, and
Quirindi.
Country Music Festival Tamworth is best known for hosting the annual
Tamworth Country Music Festival (TCMF) over a period of 10 days from Friday to Sunday in mid to late January, sometimes including Australia Day. TCMF is the second biggest country music festival in the world. It features thousands of Australian and international country music artists performing live shows 24 hours a day. Each year, an estimated 100,000 people pass through Tamworth for the festival. Around 70,000 stay for a substantial duration, with some camping along the banks of the Peel River. On the last Saturday of each TCMF, the Toyota Country Music Cavalcade is held in Peel Street (the main street), featuring many country music artists. The festival culminates in the prestigious
Golden Guitar Awards. Tamworth otherwise honours country music by being home to the '
Big Golden Guitar', the Wax Museum, and the Hands of Fame Park.
Vehicle manufacturing In the 1990s,
Ansair established a bus bodying factory in Tamworth to body
Scania and
Volvo buses for
Brisbane Transport and the
State Transit Authority.
Jakab Industries also bodied buses, ambulances and postal vans between 1973 and 2002. ==Venues==