Despite more competition: Zurich is a top business location
A report on Zurich’s business environment, published by the Zurich Department of Economic Affairs, highlights the strengths and weaknesses of Zurich as a business location. There is room for improvement, particularly with regard to the fragmented political structures and the high level of regulation.
The Department of Economic Affairs of the Canton of Zurich has compiled a location report that addresses the strengths and weaknesses of the canton in the international competition between locations. It also contains measures to ensure the competitiveness of Zurich as a business location.
The canton of Zurich is an international leader in terms of economic performance. This is despite the fact that more and more competitors are getting involved in the international competition between locations. According to the report, the greatest strengths of Zurich as a business location are its strong financial center, the uniquely high quality of life, the attractive education and research location, the flexible labor market, moderate taxes by international standards and an efficient infrastructure. Companies particularly value Switzerland's political stability and legal certainty.
The report cites the small-scale political structures, which slow down the decision-making process, as weaknesses. Another point of criticism is the high level of regulation, which makes it difficult to quickly adapt the economic framework conditions. The knowledge developed at universities and research institutes is not yet sufficiently translated into new products and services, according to a press release issued on Tuesday.
Measures to maintain and improve the attractiveness of the Canton of Zurich as a business location in the long term include the areas of knowledge location, business location, financial center, quality of life and reputation. The government has coordinated the measures with the legislative objectives for 2007-2011 and would like to use them as a basis for future location promotion activities.
The canton of Zurich is an international leader in terms of economic performance. This is despite the fact that more and more competitors are getting involved in the international competition between locations. According to the report, the greatest strengths of Zurich as a business location are its strong financial center, the uniquely high quality of life, the attractive education and research location, the flexible labor market, moderate taxes by international standards and an efficient infrastructure. Companies particularly value Switzerland's political stability and legal certainty.
The report cites the small-scale political structures, which slow down the decision-making process, as weaknesses. Another point of criticism is the high level of regulation, which makes it difficult to quickly adapt the economic framework conditions. The knowledge developed at universities and research institutes is not yet sufficiently translated into new products and services, according to a press release issued on Tuesday.
Measures to maintain and improve the attractiveness of the Canton of Zurich as a business location in the long term include the areas of knowledge location, business location, financial center, quality of life and reputation. The government has coordinated the measures with the legislative objectives for 2007-2011 and would like to use them as a basis for future location promotion activities.
