City of Vienna participates in Viennese companies and thus secures jobs.
In order to secure companies in the long term, the City of Vienna is breaking new ground: The City will acquire stakes in Viennese companies whose existence is threatened by the Corona crisis. The newly established StolzaufWien BeteiligungsGmbH will invest up to EUR 1 million or a maximum of 20% of the shares in Viennese companies with short-term financial needs under normal market investment conditions. Thus, the companies need not fear any influence by the City of Vienna. After 7 years at the latest, these holdings will be sold again.
The focus is on Viennese companies in all sectors that are a strong part of the Viennese identity, have a corresponding relevance beyond Vienna, have a high economic importance for upstream and downstream sectors, industries and companies and secure a relevant number of jobs.
Vienna, 18 april 2020