The Jamaica Special Economic Zone Authority (JSEZA), has recommended five additional companies for approval to operate under the Special Economic Zone regime.
It is negotiating with another 40 that have expressed an interest.
Chairman, Metry Seaga, says the JSEZA Board made the decision to recommend the five new applicants to the Ministry of Economic Growth and Job Creation for consideration during a meeting last week, after reviewing the entities' submissions.
Seaga says the 40 prospective firms, which are engaged in operations varying from manufacturing and services to logistics, represent over US$100 million of investments and in excess of 2,000 jobs.
The process to transition 109 free zone companies to the Special Economic Zone regime is expected to be completed by the end of 2019.