Article L5217-2 of the French General Code of Local Authorities
I. – The metropolis automatically exercises, in place of the member municipalities, the following competences: 1° In matters of economic, social and cultural development and planning: a) Creation, development and management of industrial, commercial, tertiary, craft, tourist, port or airport activity zones; b) Economic development actions, including participation in the capital of companies mentioned in 8° of Article L. 4211-1, as well as support for and participation in the management…