City Conservative leader Councillor Wendy Thompson said that the Business Week held as part of the conference could not be allowed to become the "last word" in turning round Wolverhampton's reputation with business leaders.
Councillor Thompson added, "We were very happy to see the publicity in the Express & Star, although the Council could have done with putting the information out to the press several weeks ago. There do also need to be some measurable outcomes from the week, in terms of jobs created, enquiries made from businesses looking to Wolverhampton as a destination."
And, in a week where cycling equipment firm Wiggles announced that they were setting up in Bilston, Councillor Thompson said that Wolverhampton needed to be an active driver in bringing the whole of the Black Country a major influx of skilled jobs, but that Black Country-wide initiatives needed to be more publicly accountable .
"When you measure the overall profit or gross added value made by Black Country firms per employee, the region is near the bottom of the list of sub-regions which have a Local Enterprise Partnership. LEPs were designed to lift the economic output of regions like the Black Country, which have struggled to adapt to a post-industrial world.
"However, the Black Country LEP hasn't published any of its minutes online for over twelve months. One has to wonder, 'Why the secrecy'?, especially when we now have the worst unemployment of any area in the country, meaning that everyone needs to on board to redouble efforts to turn the City round from these disastrous figures."