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Parliament Approves Employment Bonus for New Jobs

The funding is accessible to companies regardless of their size or the sector in which they operate provided that their headquarters or permanent establishment is located in Austria. The public financing bank Austria Wirtschaftsservice (aws) is responsible for handling the application and granting of funding.
“With the employment bonus, the federal government is once again implementing specific measures which particularly provide considerable relief to small and medium-sized companies and reduce obstacles to hiring new employees”, says René Siegl, Managing Director of the national investment promotion consultancy ABA - Invest in Austria. “As a result, signs continue to point to growth at the Business Location Austria”. The decision to introduce an employment bonus follows the previous gradual decrease in unit labor costs by EUR 1 billion and subsidies for non-wage labor costs for innovative startups in Austria valid since January 2017. The Austrian Government has made funding of EUR 2 billion available to finance the employment bonus.

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