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4w ago

Valencia City Council Requests La Marina Be Declared Mediterranean Tech Hub

It would convert 74,000 square meters into the 46 Valencia Mediterranean Tech Hub featuring a 95% construction tax discount with expedited permit procedures pending approval by the Generalitat Valenciana.

María José Catalá con el ecosistema tecnológico.
Image
Imagen tomada durante el 46 Valencia Mediterranean Tech Hub

Overview

  • The council led by Mayor María José Catalá will formally ask the Generalitat Valenciana to classify La Marina as an Urban Technological Enclave.
  • Named the 46 Valencia Mediterranean Tech Hub, the proposal dedicates 74,000 square meters to tech firms, startups, R&D centers and international corporations.
  • Companies locating in the enclave would receive a 95% bonus on ICIO construction tax, expedited permitting and priority access to regional grants.
  • A public-private partnership including the city council, Port Authority of Valencia, Universitat de València, Universitat Politècnica de València and REDIT will oversee development.
  • The council also plans to petition the Spanish government to declare the Valencia Digital Summit an Event of Exceptional Public Interest after its last edition generated €20.3 million in economic impact.