Foreign companies flock to Limburg
Fifteen foreign companies opted to locate in Limburg in 2011, making the Dutch province second only to Amsterdam as most popular region in the Netherlands for foreign investors. These fifteen investment projects have created 750 new jobs in Limburg.
Minister Verhagen of Economic Affairs, Agriculture and Innovation announced these figures during a working visit to innovative companies in Limburg on Monday, 31 October 2011. "Limburg is of interest to foreign companies because of the vast expertise and experience found here in both life sciences and chemicals," according to the Minister. "The province can distinguish itself further by focusing on these top sectors."
Prime business location
The Netherlands has an attractive business climate for foreign companies. Key factors include the favourable fiscal conditions and lower labour costs for foreign information workers, and Limburg's geographical location provides an added bonus. Moreover, accommodation is readily available and international schools abound. A wide variety of arts and culture events enrich the quality of life in Limburg, and the multilingual skills of its residents means it is easy for foreigners to do business in Limburg.
Courting foreign companies
Foreign companies wishing to expand abroad are actively approached by the Ministry of Economic Affairs, Agriculture and Innovation. The Netherlands Foreign Investment Agency (NFIA) and the Limburg Development and Investment Company (LIOF) encourage foreign companies to choose the Netherlands. "SABIC, for example, could have expanded in China or the Middle East; so it says a lot that they opted for Limburg," explains Minister Verhagen. "And the European distribution centre for clothing manufacturer Helly Hansen could have gone to Belgium, but didn’t." Other companies that have located or invested in Limburg this year are food giant Nutricia (subsidiary of Danone), Abbott pharmaceuticals, International Automotive Components (IAC), printing and graphics design business GotPrint, and retail graphics company Firehouse.