Download - Atlantis Investment Incentives
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Atlantis Investment IncentivesCity Meets Cape Town Chamber of Business 12th June 2014Alderman Belinda Walker, Mayoral Committee Member for Community Services and Special Projects
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Atlantis – Creating Linkage
Saldanha Labour PoolPotential Atlantis Labour Pool
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Perceptions of Atlantis
Unemployment % Formal Dwellings
% earning <R3200 p/m
0102030405060708090
AtlantisKhayelitshaCape Town
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Incentives
Financial
• Waiver of building plan and land use application fees
• Discounted development charges
(up to R1m debt deferral and/or write-off for civil and electrical DCs)
• Electricity tariff reduction
• Broadband connection fee waiver (located within 300m of City network)
Non-financial
• Single point investment facilitation function (One-stop-shop)
• Development application fast tracking- 5 days building plans - 3 months land-use applications- 2 months environmental
authorization• Regularly updated spatial economic
information
• Access to skills development opportunities
• Biodiversity offset
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Uptake
Green Technology Hub
• Gestamp: 220 jobs – 75% from Atlantis
Some Numbers
• 50 companies have taken up incentives
• R5m in savings for companies from financial incentives
• Leveraged R500 million in new industry investment
• Over 500 new jobs
• Retained over 1000 jobs
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Way Forward
Partnering with Business
• Mr Atlantis• Atlantis Industrial Initiative• Wesfleur: Mayoral Urban
Regeneration Programme
Next Steps• Marketing plan
• Continual updating and revision of investment incentives (Investor satisfaction survey currently underway)
• Early detection for businesses in distress
• SEZ
• One stop shop
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Thank you