More than 2,000 jobs have been created in the Black Country over the last year by the area's inward investment agency.
Black Country Investment has enjoyed a record-breaking year throughout its operations, said director Grant Seeley.
The jobs were created in a wide range of business sectors - from engineering and floorcoverings, to creative industries and lighting.
They include projects like TK Maxx, creating over 1,000 jobs with the opening of a major distribution centre at Walsall's Sterlingreen development.
Last year, the Black Country Consortium unveiled an ambitious renaissance blueprint, which sees the Black Country being transformed into a dynamic and knowledge-based economy by 2033.
"Inward investment will be a critical factor in the success of the future economy. Equally we recognise change can not happen overnight," he said.
New investment requires access to quality property stock, added Mr Seeley.
Another £900,000 of assistance was the catalyst for investment programmes by four companies totalling £8 million. Mr Seeley says other key BCI initiatives involved funding training schemes and providing support to attract high-growth companies to the area.
"We are seeing more interest from the service sector, which will be critical if we are to achieve our goal of transforming the local economy into one based on knowledge," he said.