Economic boom in Burgenland: 24 million euros for innovation and growth!

Economic boom in Burgenland: 24 million euros for innovation and growth!

7000 Eisenstadt, Österreich - In 2024, the state of Burgenland invested an impressive 24.1 million euros in business development agency, which resulted in an investment volume of around 178 million euros. According to Economic State Councilor Leonhard Schneemann, these funds are one third for the tourism sector and two thirds for business. These targeted strategic investments set important impulses to strengthen Burgenland, such as burgenland.at reported.

digital support measures and innovations

A central element of the funding measures was the “Burgenland Digital” program, which was exhausted due to the high demand in June 2024. From January 2025 there will be a promotion that increases the maximum funding intensity from 30 % to up to 60 %, which will significantly help companies. Managing Director Gerbavsits emphasized that this not only promotes competitiveness, but also supports the further training of professional drivers. The introduction of a new digital funding application should also facilitate and accelerate the process for companies, as Wirtschaftsagentur-burgenland.at reported.

The Burgenland business agency has already shown numerous success stories with these initiatives. Companies such as Tool-Tec have invested in new manufacturing facilities, while companies such as the HS Group develop innovative coating processes in order to meet the requirements of the future Euro 7 standard. These measures have not only created new jobs, but also secured existing jobs and promoted the economic growth of the region.