Bay’s R100m investments plan

Incentives offered to attract new businesses, tourists

IN its efforts to position Nelson Mandela Bay as a destination of choice for investors and tourists, the municipality plans to lure at least R100-million worth of new investments to the city by June next year.

It hopes to use its investment incentive programme as a sweetener to assist in bringing new business to the Bay.

Over the past three years, the metro has offered incentives to the tune of R9-million to four companies that brought about R3-billion worth of investments to the Bay and created about 1 000 jobs.

The money was not given to the companies directly – they received either rates, water or electricity rebates.

-Rochelle de Kock