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Etoy bubbling with industrial projects

January 10, 2007 - 12:20 Etoy, Vaud, Switzerland :: posted by Ellen Wallace

24 heures, Fre - The face of Etoy, a mainly agricultural village only 15 years ago, has been changing rapidly, and the rate of change is about to speed up. Ferring, a pharmaceutical multinational, settled in the town in 2006 and several large commercial outlets set up shop - Darty and Hornbach are just two. At least four large international companies are expected to announce soon that they are moving to Etoy. The reason for the sudden boom is that the Bonny initiative comes to an end in December 2007. It was created by Bern to encourage foreign companies to invest in under-industrialized parts of the country, notably the Jura during the watchmaking crisis a few years ago. The stretch from Aubonne to St. Prex, with Etoy's Littoral Park at the heart of it, is also covered by Bonny.

Companies that want to benefit from the advantages offered by Bonny must make their intentions known to the federal government by June. In 2008 a new federal system of regional industrial development goes into effect.

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