World Champion Austria Digitisation
Strong business location and innovative investments Economic growth and digitisation cost a lot of money, particularly during a crisis unlike anything seen before. But a crisis also offers opportunities. To make sure Austria doesn’t miss them the BMDW has set up numerous initiatives and provides a lot of monies.
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Bonus for investments In order to stimulate business investments, entrepreneurs have the opportunity to apply for an investment bonus until February 2021. “The investment bonus creates great conditions for new business investments with the focus on digitisation, sustainability, life sciences and health. The non-repayable grant helps secure business sites, create jobs and trainee positions and improve Austria’s international competitiveness,” says Margarete Schramböck, Minister for Digital and Economic Affairs. The investment bonus is handled by Austria Wirtschaftsservice Gesellschaft (AWS), which is the economic development bank of the Republic of Austria, its sole owner. Applications can be made through the AWS Subsidy Manager for investments after 1 August 2020. Due to the legal nature of the investment bonus as general Covid relief measure, all successful applications made
Photo: ÖVP/Glaser
urther increasing the appeal of Austria as a business location is an important part of Austria’s economic policy, says the Federal Ministry for Digital and Economic Affairs (BMDW). It is of utmost importance to create a pro-business environment with structural improvements, to create conditions that favour the development and growth of businesses, that make business establishments easier and that ensure open market access. The international competition among business locations is becoming stiffer and stiffer. Therefore, the Austrian location factors need to be strengthened constantly and promoted internationally. Austria also needs to adapt to new challenges, one of which is the development of a sustainable and digital economy. This year, everyone has faced and is still facing new challenges.
Margarete Schramböck, Federal Minister for Digital and Economic Affairs
