POLITICAL
The pandemic has wreaked havoc on the economy. Experts expect this development to increase at the beginning of the year. That is why the country made an offer to companies on Friday to stabilize them with investments and liabilities.
23.10.2020 14.21
Online since today, 2:21 p.m.
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Bread – nothing stands for the economy and the connection to everyday life as directly as this food. It was no coincidence that a bakery in St. Pölten was chosen to present the measures with which the businesses in Lower Austria are to be supported – in addition to the federal program, as Jochen Danninger (ÖVP) emphasized.
Strengthening equity and liquidity
“We analyzed the measures taken by the federal government very carefully – a 58 billion euro program – and then we looked at where there are gaps, where there are blank spots, but where are also specifics from Lower Austria”, so Danninger. “We want to fill these gaps with our 229 million euro economic stimulus program that was passed in the state parliament.” The focus is on strengthening equity capital and liquidity, especially for small and medium-sized companies that have been hit by the crisis are, but also from companies that want to stay healthy and invest.
1.5 to five million euros per company
This happens through the state’s stakes in companies without interfering with their ownership structure, as well as through guarantees for loans. In the case of participation, 1.5 million euros can be requested per company, for larger companies up to five million euros, with a term of 15 years. Liability is offered for loans of up to 250,000 euros. A total of 120 million euros are available for this capital strengthening package. Everything is handled by the state participation agency, the NÖBEG.
Chamber of Commerce President Wolfgang Ecker is convinced that with this support he can help many companies through a difficult situation: “But they should also have the strength to get started again after the crisis. The crisis will not last forever and the companies will then need stability to be able to enter the market again. ”The mood in the economy was better than expected, according to the presentation of the package. 41 percent of the companies want to invest accordingly.
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Robert Salzer; noe.ORF.at
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