Treasury minister says it's a 'significant step'
Isle of Man-based companies are now going to be prioritised by government when awarding contracts.
It's hoped the move will support local businesses.
Up to 94 percent of government's spending could now be directed into the local economy as a result.
The Treasury Minister Alex Allinson says it's a 'significant step' and will create a more 'robust and self-sustaining economic environment'.
Embed not found
Bad weather prompts cancellation of Port Erin Beach Festival
Organisers 'very sad' it won't be going ahead
Court for trio accused of human trafficking
Three also facing charge of participating in a criminal organisation
Mountain Road closed due to crash near Guthries
Police ask motorists to take extra care
Bus services 'at risk' of not operating on TT Race Day 2
Several routes affected between 12-hour period
