SPRINGFIELD is continuing to boom, with a new project set to bring a much-needed increase in jobs to the region.

Aveo announced Springfield as the location for their new $1 billion retirement village.

With the first 66 apartments set for completion mid-next year, the village is set going to become the largest retirement community in the country.

Aveo CEO Geoff Grady said thousands of jobs were on offer.

"5400 jobs will be available over the next 20 years of construction with a further 580 permanent jobs created once the development is complete," he said.

"The construction process is going to be quite large, which is great news for many people who work in different trades.

"Then, once the village starts to welcome residents, we will hire approximately 580 people which will be made up of aged care registered nurses, therapists, personal care attendants and other roles such as gardeners, village management and administration.

"At the completion of the project, we would aim to see the village as a primary health centre, which means we will also like to provide placements for students as part of their training."