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Economy of Belmopan


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Government

At its inception and afterward, Belmopan was governed by the corporation RECONDEV (Reconstruction and Development Corporation), which answered to the government.

Residents of Belmopan voted in a referendum in 1999 to switch to direct election of a city council. In 2000, Belmopan was incorporated as a city and held its first City Council election. Anthony Chanona of the People's United Party was elected mayor with a six-man slate, and reelected in 2003. Following the UDP's municipal victory of 2006, the mayor of Belmopan is Simeon L�pez.

As Belmopan is the seat of government, many of its inhabitants work for the national government in administrative or technical roles. Many are based in the large cluster of government buildings around the National Assembly building.

Commercial

Belmopan has approximately 589 business establishments (the 1997 census revealed the presence of 373). Five international banks are in the city, as are several local financial institutions. A bus terminal and market complex were constructed in 2003.

Industrial

Within the zoning regulations, Belmopan has set aside approximately 200 acres (81 ha) of land made up mostly of one-acre (4,000 m�) parcels in city limits. While there is very little industrial activity at present, the council has embarked on a scheme to attract local and foreign investment to the city. Plans are underway to create a 100 acres (40 ha) industrial park close to the municipal airstrip � a paved 1,100-meter strip with no control tower or hangars
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