BOOST
FOR LOCAL ECONOMIC DEVELOPMENT
The Cato Manor
Development Project is about to enter its final stage with
the implementation of the Business Park projects located at
three sites in Booth Road West and Central and in Edwin Swales.
The community represented by the Cato Manor Community Organisation
and the Cato Manor Development Association are currently creating
a Section 21 Company that will manage investments channeled
to the Business Park either by way of lease rentals or sale
of land.
Zoning
of these industries has been suited for the establishment
of small manufacturing industry complexes which are sensitive
to pollution and with no excessive noise in the area. This
zoning has also been chosen in response to the needs of
the surrounding established businesses that will be attracted
to these projects.
Community
leaders have all pledged their support, and all realise
the need, not only for a speedy completion of the projects,
but also for full cooperation by all concerned. The community
is expected to come through employment opportunities when
the laying of the infrastructure such as roads, electricity
and water, and construction of the top structures, begins.
Further
opportunities are expected through subcontracting for service
provision such as safety and security and cleaning services
and even horticulture.
For
those local residents who have been trained and show
potential for a higher level of entrepreneurial development,
further help will be forthcoming to enable them to play
a role in the Business Parks. In particular, linking emerging
entrepreneurs with established manufacturers has been identified
as the most efficient way of raising economic standards
among local residents
The
key strategic objectives of the development of Cato Manor
are to create an efficient and productive "city within
a city" targeting principally the poor and marginalised
residents of the area; to provide housing and security of
tenure; to reduce existing infrastructure and service disparities;
and to establish safe and secure living environments with
ample economic opportunities.
In
furtherance of its objectives, Cato Manor Development Association
is providing a unique opportunity for the establishment
of businesses and light industry in strategically located
business parks in Cato Manor.
These
business park projects are part of the local economic development
programme being funded by the European Union.
PURCHASE
OR LEASE OF SITES
The Cato Manor Development Association will, through its
project managers for the projects, Project Development Consultants
(Pty) Ltd, invite proposals from parties who are interested
in developing a site or sites in the Business Park. Such
invitations will be published in the Press and other media
and through wide representation of consultants in the property
industry.
Proposals
would be welcomed from developers and end users of property
for sites in the Business Park. CMDA will consider all such
proposals on their merits and will entertain proposals based
on the Freehold purchase of the land, or tenure based on
long term leases. Proposals designed to maximise income
streams from property to fund public benefit organisations
under CMDA's social projects will also be welcomed.
JOB
OPPORTUNITIES AND EMPOWERMENT
CMDA is committed to increasing job opportunities for previously
disadvantaged people and following a policy of empowerment
of emergent entrepreneurs in all projects with which it
is associated. With regard to the creation of job opportunities
in respect of developments in the Business Park, a target
has been set of one hundred and fifty new jobs per one hectare
of developable land. The evaluation process of each proposal
will take account of the extent to which the proposal conforms
to such policies.
SECURITY
The Developers recognise the need for effective security
for occupants of the Business Park and will provide for
the perimeter to be well secured. The day to day security
services within the Park will be a responsibility of an
association of lot owners that will be formed to attend
to common services.
EXPRESSION
OF INTEREST
The people of Cato Manor are given the opportunity to participate
in these developments. Those who are interested are invited
to complete the "Expression of Interest", and return
it to CMDA. |