The state of Lower Austria specifically sets economic impulses to promote growth and secure jobs. In view of the ongoing economic weakness in Austria, such measures further become more important. As part of a recently carried out short study by the Eco Austria, it was calculated how the public investments and investment incentives planned in Lower Austria will have an economical effect for the years 2025 and 2026. The result is impressive: the country can trigger up to 4.2 billion euros in added value each year.
Governor Johanna Mikl-Leitner: “Through extensions for infrastructures, in educational institutions and digitization, we create long-term framework conditions for companies and thus strengthen the competitiveness of our economy”.
In addition, targeted funding measures are provided in order to support small and medium -sized companies (SMEs) in economically challenging times, to promote innovations and to stimulate investments.
Chamber of Commerce President Wolfgang Ecker: “Our companies are the backbone of the economy – through innovation, diligence and entrepreneurship, we create jobs, prosperity and future prospects for our country.”
The ECO Austria study also shows that the state’s investments planned for 2025 and 2026 show at short notice effects and that the production volume in Lower Austria can increase by up to 7.2 billion euros per year, and jobs are also secured.
“With targeted investments, innovative support programs and sustainable economic policy, we secure around 38,000 jobs, create new opportunities and strengthen the business location for the future,” explains Mikl-Leitner.
Comprehensive investments on the part of the economic department are also planned for the years 2025 and 2026. Among other things, in the expansion of business parks for the construction and renovation of real estate as well as the further development of the fiber optic infrastructure in rural areas. A total of around 160 million euros will be invested, which triggered around 260 million euros in additional investment impulses in both years.
There are also numerous cooperation with the Lower Austria Chamber of Commerce in the area of grants such as the “Digi4wirtschaft” impulse program.
“With the funding packages, in which we also take part in financially, we can create important impulses for the further development of our companies in the economy and thus pull together,” said WKNÖ President Ecker.
These funding measures not only have a financial impact, but encourage private investments and increase regional added value. Overall, around EUR 22 million are planned for economic and E&-funding in 2025 and 2026. Two central initiatives 2025, which are financed together with the Lower Austria Chamber of Commerce, are:
“Digi4wirtschaft” – promotion of digitization, new technologies and innovative business models for increasing efficiency and improving market opportunities.
“Designing and improving” – support of the tourism and catering industry when increasing quality, modernization and sustainable concepts.
Together, Lower Austria and the Chamber of Commerce in Lower Austria are such important impulses for a positive development of the economy.