Shrewsbury won the West Midlands Capital of Enterprise award in 2004. The town has two large expanding business parks, the Shrewsbury Business Park by the A5 in the southeast and the Battlefield Enterprise Park in the north. There are many residential developments currently under construction in the town to cater for the increasing numbers of people wishing to live in the town, which is a popular place to commute to Telford, Wolverhampton, and Birmingham from.
In 2000 and again in 2002, Shrewsbury unsuccessfully applied for city status.
In 2009 Shrewsbury Town Council was formed and the town's traditional coat of arms was returned to everyday use
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