Siyang Economic Development Zone was established at the end of 2001, and was approved as a provincial development zone by the People's Government of Jiangsu Province in May 2006. The planning area is 71 square kilometers and the built area is 35 square kilometers. There are more than 500 settled enterprises and 61,000 employees. 

Siyang Economic Development Zone is dominated by high-end textiles and home manufacturing, with food and beverage, electronic information, and medical health as advantageous industries. It has attracted industrial leading enterprises such as Guowang High-Tech, Tongkun Hengxin, JINPAI Kitchen Cabinets, Yanghe Stock Siyang Branch, and Haocaitou Food. It has science and technology service platforms such as science and technology complex, ecological textile research institute, and hub detection center, and has 61 provincial and above research and development institutions and 120 leading talents. It has been approved as a national intellectual property pilot park, a national double innovation characteristic carrier for large, medium and small enterprises, a long silk fabric industrial park, a development base for functional new fiber fabrics, and the capital of green food. It has also won honors such as provincial-level ecological industrial park, smart park, intellectual property demonstration park, integration of two industries demonstration area, and modern textile advanced manufacturing base.