Industry location Upper Austria

Key factors in Upper Austria are qualified labour force, well-developed infrastructure, a strong technology network and short and effective administrative permission procedures.
 

Upper Austria has always been an attractive location for foreign investors (BMW, MAN, SKF, Nestlé etc.). Additional impulses came since the accession of Austria to the European Union. Of special mention is the BMW engine plant in Steyr. Additional investors from Germany, France, Sweden, the Netherlands, Switzerland, the USA and other countries have also settled down in Upper Austria - since the accession to the European Union in 1995, there have been 350 business settlements with 13,000 jobs in Upper Austria, of which almost a third is covered by foreign investors.
 

Incentives in the Austrian tax law - as for instance a taxallowance for research of 25 per cent for all R&D expenditures and the lowering of the corporation tax from 34 per cent down to 25 per cent - increase the attractivity of Upper Austria as a business location at the gateway to the new European Member States.
 

INDUSTRY WITH "HIGH QUALITY" AT THE BUSINESS LOCATION UPPER AUSTRIA
The main reasons, why Upper Austria is in a leading position within a strong and competitive international market, are its qualified workers, a well-developed infrastructure, a high-performing and operating technology network and effective administrative permission procedures. In addition, there are specific Upper Austrian advantages deriving from the network of science, industry, existing research-, production- and service institutions, which permit investors to concentrate on their core competencies and to otherwise draw on the reliable resources of companies in the vicinity. Also to stress is the beautiful landscape and countryside and the diverse recovery and leisure possibilities, which increase the value of Upper Austria as a business location. "Working, where others go on holiday" was how once a succesful Upper Austrian manager described the advantages of this beautiful Land.