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Since it was set up by the five Tees Valley councils in 1996, TVDC has helped create and protect around 10,000 jobs and attract pounds 200m of investment.
Councillor Bob Gibson, chairman of the TVDC, said the initiative is a direct response to a study of the local tourism industry.
Neil Etherington, who is moving over from TVDC to take up the role of strategic investment and marketing director with Tees Valley Regeneration, added: "Over the past seven years more than 10,000 jobs have been created through investment by outside companies and we can justifiably claim to have played a key role in the process and attracting the pounds 250m investment that has followed.
If you want to use another yardstick, every year the TVDC receives around 300 enquiries - and again about a third come from international companies.
The TVDC has helped to create and protect around 10,000 jobs and attract pounds 200m of investment into the area.
They have chosen to be here - and the TVDC can claim to have played a key role in attracting many of those jobs - as well as the pounds 250m investment that has followed.
Since it was set up by the five Tees Valley councils in 1996, the TVDC has helped create and protect around 10,000 jobs and attract pounds 200m of investment.
The TVDC, set up by five of the area's local authorities, says it will have created and protected around 10,000 jobs as it drew pounds 200m of investment into the area during its seven-year life.
Neil Etherington, TVDC chief executive, said today: "Under the current management structure at Eaglescliffe, the company has made massive steps forward since acquiring the site from the Ministry of Defence in the late '90s.
Neil Etherington, chief executive of Tees Valley Development Company (TVDC), described talks already held with Biofuels Corporation as being "very positive." He added: "I am hopeful we can also achieve a positive outcome."
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