The Hereford Enterprise Zone is a 61.5 hectare site that will become a catalyst for economic growth in the region. It is expected to bring 270 businesses and generate 6,500 jobs by 2020, with 1,800 jobs by 2015. The zone will focus on defense, security, high tech manufacturing, life science, and sustainability sectors. It aims to change the demographic profile of the area by retaining college graduates and young professionals and increasing the tax base. Significant planning and investment has already gone into preparing the site, and the zone board has been established to oversee the zone's development.