A 30-year vision to help the Black Country thrive and overcome a downturn in its traditional industries has been presented to the region's MPs.
The plan could see up to 160,000 new jobs being created and 71,000 more homes built by 2031.
Education and skills will also be improved as part of the proposals being drawn up by the Black Country Consortium.
Stewart Towe, chairman of the consortium and of the Black Country Chamber, outlined the plan at the meeting which was held at the National Metalforming Centre in West Bromwich.
Trade Minister Ian Pearson (Lab Dudley South), Ian Austin (Dudley North), Sylvia Heal (Halesowen and Rowley), Lynda Waltho (Stourbridge), Ken Purchase ( Wolverhampton North East), Rob Marris (Wolverhampton South West) and Pat McFadden ( Wolverhampton South East) were present at the meeting. They heard that as up to 65,000 manufacturing jobs were set to disappear over the next three decades, the Black Country was seeking to achieve a net increase of 88,000 people in employment by 2031.
Mr Towe said the study was a major exercise in long-term restructuring that should see the Black Country transformed into a highly-skilled region.
Ian Pearson pledged the support of local MPs to ensure that once the study is submitted to the Government in March 2006 it will be adopted as policy.
He said: "After all the consultation and research that has been carried out, we can't afford to let this languish in Whitehall."
Black Country Chamber chief executive Ian Brough said: "There is an enormous amount of work to be done, but we are several steps along the way to doing what is needed to revitalise our region."