The benefits for municipalities associated with attracting investments to their territories can be seen with the naked eye. New enterprises are not only additional tax revenues, but also jobs, improving the image of the commune as an attractive and innovative place, knowledge transfer or investments in public infrastructure (e.g. road repair) made by the investor. every year by another 8-10 thousand. positions. This number increases Acquiring foreign investors is a guarantee of the development of the commune and increasing the quality of life of residents, which is why local governments do not save on investor services. How to spend this money effectively? First of all, the question should be answered: what makes investors more willing to invest in some cities and ignore others, and to what extent local authorities can contribute to investment decisions in their region.
What attracts the Investor?
The condition of the local labor market is the most important factor. In the case of specialized services, access to high-class specialists in a given field (graduates and students of relevant fields of study) will be key. In turn, in the case of manufacturing and assembly companies, the general economic situation of the region or city is more important – relatively low labor costs or the number of unemployed ready to take up employment. These are just some of the factors that can decide about the location most.
Infrastructure is another key parameter. It is primarily about the availability of office space or plots for construction. Rental rates or prices of a meter of land are often the first analyzed factor determining the investment. Transport and logistics infrastructure is also important. For each of the potential investors, it is important to connect quickly and efficiently with the country of origin of the company and the main sales markets. Industrial enterprises for which location within the city limits are less important will pay particular attention to transport connections, motorways and railways. This is largely the result of the involvement of individual municipalities in the process of creating a motorway network in Poland and the appropriate adaptation of exits to the needs of municipalities and potential investors.
Not only Roads, Climate also matters:
Adequate infrastructure and the situation on the labor market is definitely not enough. An important element taken into account is the so-called entrepreneurial climate, created to the greatest extent by local authorities. Entrepreneurs are willing to invest in cities where local governments are willing to dialogue and cooperate. Not only tax rebates and incentives are important, but also the very way of building and maintaining relationships with investors, and the openness of officials. In line with the belief that the key to improving the system’s effectiveness is to understand the client’s needs, some cities organize cyclical meetings with investors and employers, e.g. in the form of business breakfasts. They make it possible to provide current information on the city’s activities, but also to learn about the significant problems and needs of entrepreneurs. You can follow any professional trader, self-taught and, unlike most professional traders who learn on the exchange floor or trading other people’s money, trading on his own money. A true entrepreneur, that experience taught him another valuable lesson: You’re going to make mistakes. So, learn from them.
