This new zone replaces the expiring Jackson County Enterprise Zone
. Enterprise zones
encourage job growth and investment in potentially depressed areas.
The Enterprise Zone
Incentive Leverage Act, which allows local areas to capture state sales tax if the local areas have a match.
Large parts of the site had always been identified for business development in the previous Unitary Development Plan but proposals had not been brought forward - this was what the enterprise zone
was going to unlock.
Each Enterprise Zone
is unique, designed to build on the strengths of its surrounding area and support industries such as manufacturing, emerging technology and renewable energy.
The Sheffield City Region Enterprise Zone
, which has already attracted leading businesses including Boeing, Siemens and Rolls Royce
"This is a very welcome development and will make the Enterprise Zone
more competitive and be a strong incentive for new investment.
So far this year, just one new enterprise zone
has been confirmed - Communities Secretary Greg Clark said one would be passed for Northumberland's Berwick, designed to benefit from the long-awaited dualling of the A1 north of Newcastle.
The trouble is, the enterprise zone
covering Oakridge and neighboring Westfir expired in December.
At MIPIM, speakers include Andy Street, chair of the Greater Birmingham and Solihull LEP; Tom Westley, Black Country LEP lead for the enterprise zone
; and Rob Groves, senior project director at property developer Argent will highlight the impact of the West Midlands' enterprise zones
on the UK economy, as well as plans to accelerate their growth.
Along with the new connector, the town has unveiled a new brand and taglines for the enterprise zone
, which were developed with the help of the Glen Group of North Conway.
TORY AM Andrew RT Davies has accused the Welsh Government of losing its way with its flagship enterprise zones
, claiming they have been left to "drift aimlessly" with no progress creating jobs.
Wirral is one of 13 Enterprise Zones
- areas with special tax breaks for new businesses - awarded funding to help transform "shovel- ready sites into job-ready sites", with funds also going to Ellesmere Port and the Sci-Tech Daresbury Enterprise Zone
, in Cheshire.