atvinnusvæði
Atvinnusvæði is a term used in regional planning to describe a geographic area designated to concentrate economic activity with the aim of promoting employment, productivity, and regional balance. These areas typically include industrial estates, business parks, logistics hubs, technology parks, and other zones where infrastructure and services are aligned to support business operations.
The boundaries and functions of an atvinnusvæði are defined by regional or municipal planning authorities and
Key criteria used when designating an atvinnusvæði include proximity to the labor market, access to transportation
Objectives typically include job creation, diversification of the regional economy, increased innovation, and improved export capacity.
Challenges can include high upfront capital costs, long payback periods, competition for land, balancing growth with
See also: industrial park, economic zone, regional planning, zoning.