For the first time since the AmCham Business Barometer survey began in 2004, US firms see Germany as the most attractive business location in Europe.
Responding the question where in Europe regional investment focus would lie for the coming years, firms selected Germany above all other locations given.
According to the study from Boston Consulting Group, The surveyed US firms indicated the increasing emphasis on high product and process quality during the current crisis, while the traditional 'German qualities' of diligence, reliability, and quality, were especially valued.
As a further reason for the comparatively higher attractiveness of Germany, US firms cited the decreasing wage differences between Germany and Eastern Europe; the cost argument in favor of Eastern Europe has less and less relevance.
Additionally, US firms expressed trust in the German economy especially in light of the current financial crisis. In these trying times, the recent economic reforms are paying off, with the robust German economy showing stability compared to other locations in Europe.
From a U.S perspective these are the Top 5 European countries to invest in
- Germany
- Eastern Europe
- UK
- France
- Spain
Here are some different financing opportunities which are available in Germany.
Public Loan Program KfW –Mittelstandsbank Special Program 2009 – 2010
These loans are offered to ensure mid and long-term financing. There is also a focus on project financing to strengthen the financial base for new investment projects.
R&D Funding Programs There one part is Central Innovation Program for SMEs
The Central Innovation Program for SMEs (Zentrales Innovationsprogramm Mittelstand, or ZIM) is the most important financial support program for R&D in general technology projects.
Opportunities for Tax Relief Since January 1, 2010 the new Economic Growth Accelaration act has been in effect. The act is the third stimulus package enacted by the German government and a further step in supporting companies during the crisis. It provides important stimuli for growth and employment by means of a targeted tax policy, implementing quickly effective tax relief for companies active in Germany.
Tony Harkén