President Xiadani of Huenya announced today that her administration will be launching an ambitious economic plan to lure foreign investment and boost domestic businesses. The plan, dubbed Huenya 2030, is being touted as a way to position Huenya as a “safe and sane” alternative to investing in Xiomera in the Caxcana market.
“Our goal with this new plan is simple: to make Huenya the most robust, diverse and open economy in Caxcana by the year 2030. To achieve that goal, we will take several major initiatives to boost both foreign investment and domestic economic growth,” the President said. To encourage foreign investment, the Huenyan government will create “International Economic Opportunity Zones” in major economic centers such as Ixtenco and Acalan. These zones will feature sharply reduced taxes on foreign companies, as well as economic incentives from the Huenyan government for foreign companies to set up shop.
Huenya’s Department of Trade will set up an “International Trade Assistance Center”, in which Department officials will work to reduce red tape and speed up initiatives by foreign companies to invest in Huenya, as well as providing a “one stop shop” to efficiently handle issues such as infrastructure needs and permits. The ITAC will also provide a “Federal Jobs Bank” in which the Department of Trade will help connect workers with foreign companies building in Huenya. “The Jobs Bank can almost be viewed as a matchmaking service, except for jobs,” Secretary of Trade Yaochtzin told DTNS. “It will help Huenyan workers find jobs at both foreign and domestic employers. It will also help companies find workers with specific skills, experience and education that they need for various positions.” The ITAC will also open an “Office of International Cooperation” which will seek to connect Huenyan businesses with foreign partners to accelerate the development of joint partnerships.
The Department of Infrastructure, Development and Planning will also assist with the plan, through a new program called “Building and Rebuilding Huenya”. The program will offer foreign and domestic investors buildings and land to set up shop at sharply reduced cost, as low as free in some cases. “After Xiomera withdrew from Huenya, there were many abandoned facilities and buildings that are still not being utilized. Much of this infrastructure is currently under the possession of the Federal government. We will offer these facilities, as well as undeveloped land currently owned by the government, to both domestic and foreign investors at a reduced cost to spur development,” Secretary of Infrastructure Talcueitlaco told DTNS. “Some facilities and land will even be offered for free, in exchange for investors agreeing to perform any needed rehabilitation of the facilities or development of the land in exchange.”
Since independence, Huenya has touted itself as the “land of the startup”, in a nod to the country’s local entrepreneurship sparking thousands of small and large companies to replace the mega-corporations that operated in Huenya during the period of Xiomeran rule. To further grow the startup economy, the new economic plan will create a “Startup Incubator” under the Department of Trade. The incubator will provide planning and development assistance to both domestic and foreign investors seeking to launch a startup in Huenya. Companies that agree to meet certain expectations as far as number of people employed after a specific number of years would also be eligible for tax breaks and other incentives.
“Under Huenya 2030, we will work hand in hand with both our citizens and our international partners to rapidly build a strong and successful market economy. When the big dreams and the great visions of today become the innovations of tomorrow, they will happen in Huenya,” the President said.
Some experts remain concerned that security and terrorism could still deter foreign investment. But Huenyan officials point to the near-elimination of the Golden Blade insurgency, as well as sharply reduced crime and violence under the Xiadani administration, as evidence that Huenya is not the risky investment it was just a year ago. “This adminstration has taken a tough, aggressive approach to domestic security and law enforcement that is now beginning to pay off,” Secretary of Interior Affairs Ahuatzi told DTNS. “We’re hiring more police and security personnel every day, as well as enlisting citizen volunteers to help reduce security threats. The increase in boots on the ground on our streets, and our increased focus on enforcing law and order, have already made Huenya much safer and thus ideal for growth.”
