Munich Financial Center: Top in Finance! - Invest in Bavaria

Munich Financial Center Initiative
Institutions: Support for the Economy
Bavaria has developed from an agricultural
state to a high-tech and service provider
location in just a few decades, thanks to the
strong performance and innovativeness
of the companies located here. Essential
support came from the Bavarian state
government and local authorities, as well as
regional and local institutions, trade asso-
ciations and chambers of commerce.
The Bavarian state government created re-
liable and business-friendly conditions and
thereby laid the essential political founda-
tion so Bavaria could develop into one of
the premier business locations in Europe.
Similarly, public institutions like the eco-
nomic and employment departments of the
cities and communities as well as “Invest
in Bavaria”, the settlement and location
marketing initiative of the Bavarian ministry
of economic affairs, essentially contribute
to the fact that a particularly business- and
innovation-friendly climate can prevail
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in Bavaria. The same holds true for the
banking associations, trade associations
and chambers of commerce, for example
the Chambers of Commerce and Industry
(IHK), and local chambers of crafts. They
provide streamlined help to investors and
local companies – and thereby strengthen
the financial center as well.