Boosting growth and creating jobs are the high priorities on political agendas in the countries of the European Union. Within the Lisbon Agenda , the focus lies on knowledge and innovation for growth, making Europe a more attractive place to invest and work in, and creating more and better jobs. Due to the repartition of different competences between the EU and its Member states, action for the respective areas is needed on the Community level as well as at the national level.
The 2006 strategy paper (in German) of the Federation of Austrian Industry (IV) on leading competence units (LCU) is an important guideline for policy makers at the national level. It is based on a study commissioned in 2005 by the Federation of Austrian Industry that has proven concretely, for the first time, the enormous direct and indirect effects of LCUs on the national economy. Leading Competence Units are headquarters or decision-making units of large multinational companies not bound to one single country. LCUs play a key role when it comes to added value, employment, research and development, as well as Small and Medium-Sized Enterprises (SMEs) and supply businesses. In their function as economic hubs, LCUs are often vital to the economic survival of whole regions. The LCU strategy paper outlines their significance for the Austrian economy and identifies potential policies to attract them to Austria.
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