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29 September 2014: SME – the engine behind Bavarian innovation
The backbone of the Bavarian economy, small and medium-sized companies (SME) contribute to Bavaria's economic strength as employers, educators and shapers of the future. Around 580,000 companies provide three million jobs subject to social security contributions, 200,000 apprenticeship places in both rural and urban areas, and above all plenty of innovation. This is thanks in no small part to the favourable conditions and business-friendly environment, which also attracts foreign investors.