Invest in Bavaria: business promotion agency supervised 101 projects in Bavaria last year

Mar 29, 2021
Aiwanger: “2020 was an outstanding year for new locations of companies in Bavaria, despite the coronavirus”

MUNICH°° 2020 was a very positive year again for the Bavarian business promotion agency “Invest in Bavaria”. 101 successfully managed projects, 89 of them alone cases of new locations, prove Invest in Bavaria’s commitment. 2,654 new jobs were created throughout Bavaria as a result.

Bavaria’s Minister of Economic Affairs, Hubert Aiwanger, is delighted with Invest in Bavaria’s work: “Bavaria continues to be a very attractive business location. During the coronavirus pandemic in particular, it is a great advantage that Bavaria is known as a reliable partner for investors and entrepreneurs from all over the world. The active commitment of our business promotion agency goes a long way toward helping us emerge from the crisis more quickly and creates valuable growth prospects for the post-coronavirus era.”

Invest in Bavaria’s success in attracting companies to Bavaria is proof that Bavaria is valued worldwide as a leading location for innovation. With numerous settlements in the high-tech sector and a focus on research and development, Bavaria is becoming the leading region for future industrial topics. Innovative companies and start-ups from Germany and abroad make an important contribution to the future competitiveness of Bavaria as a business location and secure jobs and sustainable prosperity here.

The investment projects supported by Invest in Bavaria originated from a total of 24 countries in 2020. The USA occupied first place among the foreign investors, ahead of China and France. The regional distribution of the projects is also encouraging: there were new locations in all seven administrative districts, and almost half of all new jobs are in rural regions.