"Hyllestad" is the geographical name of the place/local municipality. "Utviklingspark" means "development park": "Hyllestad development park". This is a new park by the beginning of the great fjord Sognefjorden in Western Norway, renting/letting industrial building sites/areas, infrastructure and services for companies mainly within the maritim sphere, like ship/offshore, energy (like wind energy/deep sea oil) and fish farming.
The area being built for letting/renting may have room for 3-10 companies in total. The idea is to attract business in the maritime industrial category to make a cluster of companies.
Blue, Orange, Yellow, White
The area is located by the sea/fjord (Sognefjorden). The area used to be a ship yard, but the wharf has moved to another location. There was also industry in this area a thousand years ago, when they made mill stones and shipped them all around Europe. The logo may communicate maritime traditions and industrial history, and modern maritime/energy technology.