Lower Austria's success model: Over 700 projects for the economy!

Lower Austria's success model: Over 700 projects for the economy!

Altengbach, Österreich - The Lower Austrian participation model has established itself as a driving force to strengthen the domestic economy. Since its introduction in 1993, the state government, the Chamber of Commerce and the banks together have created a strong financing tool for small and medium -sized companies (SMEs). According to current information, a total of 721 participations have been approved so far, with 21 approved in the past year alone. This initiative initiated investments of over one billion euros, such as Noen.at

Governor Johanna Mikl-Leitner emphasized the importance of the participation model for the regional economy. "Every euro funding triggers three times as high," she said, which underlines the importance of this form of financing. In particular, innovative companies benefit from this targeted support. An examples of this is the family company Heiss & Süss in Altengbach, which has just started to build a new work. The program is handled by the Lower Austrian Bürgenschaft und Beteiligungs GmbH (Nöbeg), which acts as an efficient partner in the economy, such as noe.gv.at reported.

sustainable financing for growth

The model is not only a financial support instrument, but also an example of successful cooperation in business. Companies from various industries, from construction to gastronomy, use this tailor -made financing to implement projects and innovations. Wolfgang Ecker, President of the Lower Austria Chamber of Commerce, emphasized that the participation model played an important role in the growth of companies by enables them to exploit their full potential and grow sustainably.

Overall, the Lower Austrian participation model represents a way to secure the economic stability and innovative strength of the region in the long term. The initiative acts as a nucleus for many successful projects and is a prime example of how successful cooperation in the economy can provide fruitful results.