A growing population with a spending power that is relatively high for the EU as a whole, highly qualified professionals and experienced managers, in a location near Vienna – these are factors that give Lower Austria the edge and demonstrate its advantages. Those with entrepreneurial vision will find opportunities here and the people to make these reality.
The dual model of education employed in Austria enjoys international recognition and is seen as exemplary throughout the world. It is this concept that ensures that Austria produces some of the best qualified personnel. The way that theory and practice are brought together in the roughly 200 apprenticeship trainings and vocational colleges ensures that the workforce of tomorrow is here given the necessary basic skills and even highly specialised expertise. Apprentices in Austria, for example, spend 80% of their training period actively learning on the job and just 20% in vocational schools. Austria's higher vocational institutes that provide training in technical, multiple and business skills have an outstanding reputation thanks to the practice-orientated education they provide with a focus on the aspects that matter to business. Internships in businesses enable trainees to obtain the actual skills they will need for work in their future professions. Hence there is a large pool of talent from which businesses can draw that provides the driver of the economy.