Together with the regional investment promotion agencies, ABA – Invest in Austria provided professional support to 462 international companies in setting up business operations in Austria. This represents a rise of 30 percent compared to the figure of 355 firms in 2018. The annual results also encompass investments of € 1.85 billion, up 152 percent from the prior-year level of € 734 million. The number of newly-created jobs in 2019 was 4,896, a rise of 70 percent in comparison to 2,888 new jobs in the previous year.
Research and innovation are relevant to the business location
The number of companies involved in research and development which settled in Austria more than doubled from 32 in 2018 to 66 in 2019 (new jobs: 1,871; total investments: € 844 million. Austria stands out abroad due to the high qualifications of its specialised employees and the research tax credit of 14%.
Distribution by country:
As in previous years Germany again presents itself as the strongest investing country with 143 projects realised in Austria (2018: 108). In second place Italy with 45 realised business location projects. There was also a significant increase in companies settling in Austria from Great Britain. A total of 24 British firms established business operations in 2019 with the support of ABA – Invest in Austria (2018: fourteen). Close to one-fifth of all business location projects, or 89 companies all in all, originated in the CEE/SEE markets. Additionally 28 startups, 10 more than 2018 were supported by ABA – Invest in Austria and successfully set up their business in Austria.
Ranking of federal provinces:
In 2019, 235 companies or more than half of the overall total selected to invest in the capital city of Vienna (2018: 182). The most popular federal state after Vienna was Salzburg with 44 business location projects (2018: 30), followed by Lower Austria with 39 companies (2018: 32) and Upper Austria with 37 (2018:15). 33 firms each decided to locate in Tyrol and Carinthia (2018: 18 and 22 respectively), whereas 27 located in Styria (2018: 29), seven in Burgenland (2018: six) and six in Vorarlberg (2018: 16). One company established sites in several of Austria's federal provinces.
For Federal Minister of Digital and Economic Affairs the focus now lies on : " emerging strengthened from the crisis and providing optimal conditions to, together with ABA – Invest in Austria, in near future targeted address those foreign business, who offer added value to the Austrian business location and supplies in times of crisis."
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