One of New Zealand's most powerful men is in Tauranga today to help open businesses and meet with those in the industry.

Economic Development and Finance Minister Steven Joyce is expected to open the new premises of Bay of Plenty hi-tech 3D metals research and development innovator TiDA, and its manufacturing arm RAM, at the Tauranga Business Park this morning.

TiDA - originally the Titanium Industry Development Association - developed its business in 400sq m premises at the Bay of Plenty Polytechnic's Windermere campus but sought a new site to help cater for its increasing demand.

About midday, Mr Joyce is expected to join a meeting with the New Zealand Business Market at ASB Arena.

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Mr Joyce is also Minister responsible for Novopay, Regulatory Reform, Science and Innovation plus Tertiary Education, Skills and Employment.

We will be joining Mr Joyce during his visit today. Keep checking the bayofplenytimes.co.nz for updates.