Established in November 1998, Suqian Economic and Technological Development Zone was upgraded to a state-level development zone in January 2013. It has a planned area of 118 square kilometers, with a built-up area of 45 square kilometers. Its leading industries include new energy, food and beverage, smart home appliances, and new electronic information. It has been awarded the titles of National Food Industry Park, Chinese Home Appliance Industry Base, Provincial Smart Home Appliance Industrial Park, and Provincial Intellectual Property Pilot Park.