The state has stitched together its new guideline regulating the awarding of subsidies. Effective immediately, companies from all parts of the industrial and tourism sectors, and selected service providers, may submit their applications.
Up for grabs are maximum subsidies of 35 per cent for small companies – those that have fewer than 50 employees, 25 per cent for medium-sized companies – those with 50 to less than 250 employees, and 15 per cent for large companies that have a staff of 250 or more.
The funding is intended primarily to boost investment in industry, but also to develop and set up suitable industrial and commercial estates. By 2020, the sum of EUR 400 million will be provided for this incentive program (GRW – improvement of regional economic structures).
The State Development Corporation of Thuringia is pleased to make its comprehensive range of services available to foreign and German investors to assist with moving to Thuringia or expanding their activities here. (maa)
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