Canton of Zurich to get new law on location promotion
The Government Council of the Canton of Zurich has passed a new law on location promotion to the Cantonal Council. In the law, the purpose and goals of cantonal location promotion are legally anchored and the already existing law on the administrative relief of companies is integrated.
The Government Council of the Canton of Zurich wants to strengthen the competitiveness of the business and innovation location with a new Location Promotion and Business Relief Act. The essential goals and principles of location promotion are anchored in the law. In addition, an already existing regulation for the administrative relief of companies will be integrated.
The corresponding bill was drafted by the Department of Economic Affairs and passed by the cantonal government at its meeting in May for the attention of the cantonal council, the cantonal state chancellery informs in a statement. “Our goal is to further develop the Canton of Zurich as an economically, ecologically and socially sustainable location for business, research and innovation with a variety of attractive jobs,” Director of Economic Affairs Carmen Walker Späh is quoted as saying. The new law should make it possible to take measures adapted to economic developments.
In future, the consequences of regulations are to be examined both for companies and for the business location as a whole. Responsibility for the regulatory impact assessment is transferred to the Directorate of Economic Affairs.
The new law also contains a provision that enables the canton to quickly participate in federal programmes to support the economy. “With the new law, we will be able to decide as quickly as possible on financial aid to companies in the event of a possible future crisis with the participation of parliament,” Walker Späh explains.