CEC added US$70M to local economy

Charlie Kirkconnell

(CNS Business): Cayman Enterprise City officials say that the special economic zone (SEZ) has attracted 60 new companies over the past year, that its impact to the local economy since its creation is nearly US$70 million and that there are now around 300 zone-based employees. Almost five years after former premier McKeeva Bush announced plans for a deal with investors and potential developers to create a campus in Cayman for technology businesses, the current management team has now received planning permission for that long-awaited development.

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