Port Talbot could be made an enterprise zone by the Welsh Government in a bid to help the area deal with the impact of yesterday's Tata Steel announcement.
Economy Minister Edwina Hart said the creation of an enterprise zone was one of the proposals being considered to provide further potential support to Port Talbot after Tata announced it is cutting up to 750 jobs there.
Read more: Tata confirms 750 jobs to go in Port Talbot.
Enterprise zones are areas where incentives such as tax concessions are given to encourage businesses to invest there. The Welsh Government would require cooperation from the UK government to provide the full benefits.
Tomorrow, a 'high-level' task force, chaired by Mrs Hart, will meet for the first time to agree the next steps to help those affected by the announcement as well as providing support to the wider economy and steel industry.
Representatives from Tata, trade unions, local authorities, the business sector, education, health, Careers Wales and other bodies that provide careers and jobs advice have all been invited.
Wales currently has seven enterprise zones, which focus on different sectors ranging from finance to manufacturing. The Welsh Government says the zones have created, assisted or safeguarded more than 7,795 jobs in Wales to date and have paved the way for further investment and development.
A spokesperson from the Treasury said that enterprise zones were "a devolved matter", but that the UK Government would "look closely" at proposals by Ministers.