Almost 600 million euros invested in Hamburg's economy

Almost 600 million euros were invested by companies supported by HWF Hamburgische Gesellschaft für Wirtschaftsförderung mbH in Hamburg in 2016. This roughly corresponds to double the amount invested last year. Hamburg's economic director Frank Horch: "In the governmental program of the Hamburg Senate, we planned the conversion of the HWF into a One Stop Agency for investments. The HWF's balance sheet proves that we have successfully realized this.” And HWF Managing Director Dr. Rolf Strittmatter adds: "Our 2016 results are extremely gratifying. However, we do not want to stop here and have therefore further expanded the HWF service in the beginning of the year 2017. For companies from industry & commerce, research & innovation, digital economics & e-commerce as well as service & tourism, specialized experts are now in place and ready to assist. We expect further positive effects resulting from these initiatives". In 2016, the HWF supported more than 500 companies regarding settlement, extension, real estate search or approval requests. 296 company inquiries were forwarded to specialized institutions belonging to the Hamburg promotion network.101 companies from Germany and abroad have been newly established (66) or have been supported in their expansion processes (35). In addition, three companies were connected to the metropolitan region of Hamburg.

In total, 1.660 (2015: 1.514) new jobs were created in Hamburg while 5.062 (2015: 5.885) existing jobs were secured. These figures correspond to investments totaling EUR 592 million (2015: 333). 400 (2015: 121) companies were furthermore advised. The consultation service for start-ups (159) by the HWF StartHub Nextmedia thereby witnessed a particulary strong demand. The most important foreign market was China with 17 settlements.

The biggest project of the HWF in 2016 was the award to DPDHL for the logistics park HUB + Neuland in Harburg. Hamburg's economic director Frank Horch said: "The settlement of DPDHL proves that projects with large numbers of workplaces can also be realised in Hamburg if suitable areas are available for this purpose. In order to ensure this availability in the near-future, the Hamburg Senate will soon enable the HWF to develop additional commercial space and directly market existing commercial space in the city.”


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