Lower Austria's economic boom: 38,000 new jobs through massive investments!

Lower Austria's economic boom: 38,000 new jobs through massive investments!

Lower Austria implements powerful economic measures to boost growth and secure jobs. According to a recent short study by Eco Austria, the planned public investments for the years 2025 and 2026 could generate up to 4.2 billion euros in additional added value. Governor Johanna Mikl-Leitner emphasizes that these investments flow particularly in infrastructure, education and digitization in order to strengthen the competitiveness of companies in the country. The initiative is also supported by targeted support measures, which in particular should help small and medium -sized companies (SMEs) in difficult times to promote innovations and promote investments, such as noe.gv.at reported.

Growth strategies for Lower Austria

The study shows that the investments planned in the next few years will also bring measurable short -term effects with a potential increase in production volume by up to 7.2 billion euros per year, which can contribute to securing around 38,000 jobs. For 2025 and 2026, investments of around 160 million euros are planned, which are to be used, among other things, to expand the fiber optic infrastructure and the development of business parks. These strategies are supported by cooperations with the Lower Austria Chamber of Commerce, such as the “Digi4wirtschaft” impulse program, which is intended to help the company will find in the areas of digitization and new technologies. Also industriemagazin.at emphasizes that the funding measures not only stimulate financial effects, but also private investments and create regional value.

The labor market situation in Lower Austria remains stable with a low unemployment rate and a wide range of employment opportunities in various sectors. In 2022, around 810,800 people were employed in the state, which corresponds to an increase of around 2 % compared to the previous year. Especially in cities such as St. Pölten and in the economic centers of the country, there are numerous job offers that are additionally supported by promoting innovation, research and development. These developments lead to a dynamic labor market situation and offer commuters and companies near Vienna.