Finding a spot in Thuringia
Foreign businesses interested in coming to Thuringia can get free help from Germany Trade & Invest (GTAI) and the Thuringia regional economic development agency LEG. There are investment subsidies of up to 30 percent, loan guarantees of up to 80 percent and subsidies for wages, training and R&D.
Nevertheless, LEG sees the micro/nano cluster itself being the strongest selling point for international business managers. “Thuringia’s biggest-ever FDI project, the EUR 1.8 billion battery factory currently being built by China’s CATL near Erfurt, is mainly about investors seeking to tap into the cluster’s expertise to improve manufacturing processes, rather than incentive programs or geographic proximity to the target markets,” says Arnulf Wulff, a member of the LEG board.
Silke Poppe, head of the Eastern German States/Structural Change division at GTAI, explains that Germany’s national economic development agency has been actively supporting investor recruitment in Thuringia, with measures including a cluster marketing program and foreign delegation visits. “Companies taking part in our delegation visits can gain a firsthand impression of available locations and business opportunities,” she says.