With 208 new projects involving business start-ups, expansions or buyouts in 2008 (i.e. 14% more than in 2007), Paris Region has confirmed its attractiveness to international companies.
In terms of jobs created, with the current crisis prompting investors to be cautious, average foreign investment projects in Paris Region were on a smaller scale compared with 2007. The number of jobs created or maintained fell by 20%, from almost 10,400 in 2007 to 8,300 in 2008.
Of the 208 projects listed in Paris Region, 154 are foreign business start-ups (the remainder are expansions or buyouts), showing that the Region is still a magnet for foreign companies. The number of jobs created by international start-ups has been steadily increasing for the last 6 years.
The geographic origin of investment. Paris Region is well suited to companies from distant or emerging countries:
The same three countries as the previous year – USA, UK and Germany – lead the field in terms of foreign investors generating employment in Paris Region.
Companies' activity sector and function: the mark of a major international city:
Generally speaking, the new projects in Paris Region fall mainly into the category of services - particularly financial –, consultancy and IT
The attractiveness of Paris Region is also confirmed in the study carried out by Paris-Ile de France Capitale Économique and Ernst & Young on “International relocations in the main European cities in 2008”.
The key findings are as follows:
- Paris Region saw a 6% increase in the number of international businesses locating there, while the 15 cities included in the study taken together saw an average drop of 5% (as low as 14% in the case of London and 16% for Madrid).
- For the second year running, Paris Region is the leading European region in the number of jobs created and is widening the gap with London.
- The number of business locations recorded in 2008 shows that the UK capital is the Europe’s leading region. The gap with Paris Region, in second position with 222 projects, is narrowing.
Find out about Paris Region with Econovista.com, the interactive economic map
Credits Photos: La Défense © ARD / Michel Derouault
In terms of jobs created, with the current crisis prompting investors to be cautious, average foreign investment projects in Paris Region were on a smaller scale compared with 2007. The number of jobs created or maintained fell by 20%, from almost 10,400 in 2007 to 8,300 in 2008.
Of the 208 projects listed in Paris Region, 154 are foreign business start-ups (the remainder are expansions or buyouts), showing that the Region is still a magnet for foreign companies. The number of jobs created by international start-ups has been steadily increasing for the last 6 years.
The geographic origin of investment. Paris Region is well suited to companies from distant or emerging countries:
The same three countries as the previous year – USA, UK and Germany – lead the field in terms of foreign investors generating employment in Paris Region.
Companies' activity sector and function: the mark of a major international city:
Generally speaking, the new projects in Paris Region fall mainly into the category of services - particularly financial –, consultancy and IT
The attractiveness of Paris Region is also confirmed in the study carried out by Paris-Ile de France Capitale Économique and Ernst & Young on “International relocations in the main European cities in 2008”.
The key findings are as follows:
- Paris Region saw a 6% increase in the number of international businesses locating there, while the 15 cities included in the study taken together saw an average drop of 5% (as low as 14% in the case of London and 16% for Madrid).
- For the second year running, Paris Region is the leading European region in the number of jobs created and is widening the gap with London.
- The number of business locations recorded in 2008 shows that the UK capital is the Europe’s leading region. The gap with Paris Region, in second position with 222 projects, is narrowing.
Find out about Paris Region with Econovista.com, the interactive economic map
Credits Photos: La Défense © ARD / Michel Derouault
