Frankfurt’s skyline can be seen from far away. It is the symbol of the most important financial and commercial centre in Germany – and besides London even in Europe. In addition to banks and insurance companies, other globally active companies from a wide range of sectors are located in the Frankfurt/Rhine-Main area, so that the region’s economic power relies on a variety of sound and forward-looking mainstays.
Frankfurt/Rhine-Main is Europe’s geographic centre as well as the midpoint of the European development axis. With a population of around 5.52 million, a workforce that amounts to about 2.87 million and a gross domestic product of around 205 billion euros, it is one of the most important German metropolitan regions among the eleven officially recognised. The Frankfurt/Rhine-Main metropolitan region stretches from the district of Gießen in the north to the Bergstraße district in the south, and from the Mainz-Bingen district in the west to the Aschaffenburg district in the east. The region comprises parts of three federal states, seven independent cities and 18 districts, as well as 468 cities and municipalities.
The author was born in 1959 and studied Social Sciences and History. After working for BfG Bank AG and Commerzbank, he was elected mayor of the municipality Schöneck in 2001. Ludger Stüve has been the director of the Regional Authority Frankfurt/Rhein-Main since 2012 as well as managing director of the Business Development Agency for the Frankfurt RhineMain region.
Life in the prosperous Frankfurt/Rhine-Main region is shaped by a globally networked economy. The European Central Bank operates from here, as does the German Central Bank and three of five European supervisory bodies in the areas of finance and commerce. The stock exchange is one of the world’s largest trading centres for securities. Globally acting German private banks are headquartered here, and most of the international banks are at least represented with a representative office. As the world’s third largest trade fair venue, Frankfurt/Rhine-Main is also home to many trade associations and organisations and accommodates the most headquarters of foreign companies in Germany, in addition to many major German companies that frequently operate on a global scale.
The region is also known as a renowned traditional location of the chemical and pharmaceutical industry. The region’s importance as a logistics centre in the heart of Germany and Europe has historically grown with the international airport, being both the central starting point for international meetings and the largest employer in the region. Frankfurt also looks back on a long tradition as a media and creative location. Many publishing houses and advertising agencies, media companies and film producers have made the jump into the digital age and are now part of the future-orientated industries that have generated many new jobs in the entertainment industry as well as in information and communication technology.
Other important sectors in the region are the automotive industry, automation, materials and healthcare. The region’s special industry structure and its closely-knit network of companies also create an attractive location for numerous consulting companies. As Europe’s most important network node, Frankfurt/Rhine-Main holds a key position in the national and Europe-wide IT infrastructure.
To maintain this excellent starting position and to even build on it, the Business Development Agency for the Frankfurt/Rhine-Main region “Wirtschaftsförderung Region Frankfurt/Rhine-Main” contributes to strengthening economic development in the FrankfurtRhineMain metropolitan region. The agency with its nearly 200 member municipalities and districts operates across the federal states and is currently the only institution in the region which is able to give an approximate representation of the metropolitan region. With its catalogues and its presence at the EXPO REAL trade fair, it fosters the flow of information as well as the contact between industry professionals and the real estate sector, investors and municipalities. Shining a light on investment opportunities in the region is one of its main priorities.
Its logistics area catalogue is published every two years and provides an excellent overview of the areas and halls available for the logistics sector in the region. Even today, the demand for logistics real estate is still strong and thanks to its excellent transport connections, the region ranks among the top locations in Europe.
The production facilities catalogue is also published every two years and gives an overview of the production sector in the Frankfurt/Rhine-Main region. The main focus of production is placed on manufacturing, in particular in the four areas “IT equipment, electrical engineering, precision engineering and optics”, “chemistry and pharmaceutics”, “mechanical engineering” as well as “automotive engineering”. The region is considered one of the leading locations for implementing ideas from engineering sciences into marketable products and processes.
Since 2004, the regional business development agency has been organising a joint stand at the annual EXPO REAL in Munich, one of Europe’s largest specialised fairs for commercial properties. Combined under the umbrella of the business development agency, the region’s municipalities and companies are given the opportunity to present and introduce themselves to an international audience of industry professionals. The business development agency takes over the entire organisation for the stand partners. A few years ago, a joint stand and therefore also a joint representation of the Frankfurt/Rhine-Main metropolitan region was successfully established.
To find houses, flats, construction sites and commercial premises in the region and its greater area, the real estate portal www.kip-frankfurtrheinmain.de of the Frankfurt/Rhine-Main metropolitan region offers many options. The portal provides the option to search for local offers, offers from private individuals as well as for properties from commercial providers. And of course it is also possible to post your own real estate offers.
The business development agency for the Frankfurt/Rhine-Main region also coordinates and strengthens cooperation between its members in this regard. It is essential to establish a positive profile of the region to ensure its growth and prosperity, to maintain its attractiveness as a business location and to remain ahead in the international competition of the metropolitan regions. The so-called competence networks play an important role in preserving competitiveness. They primarily form localised cooperation groups with great international appeal and include several stages of the value chain of various sectors and disciplines, showing an enormous potential in this area.
A variety of companies, suppliers, universities, institutions and municipalities from the region participate in these successful cooperation groups, which serve as a communication platform for science and economy, as well as for cities and municipalities. Potentials are jointly strengthened through close cooperation, resulting in unique characteristics in the national and international competition of the metropolitan regions. This provides an opportunity for the members of the various networks to find suitable cooperation and performance partners more easily and to be perceived by potential customers more effortlessly. Simultaneously, the networks are intended to contribute to making the conditions in the region so attractive that it remains a magnet for highly qualified workers and students.
As you can see, the regional location marketing of our business development works perfectly – maintaining the competitiveness of the Frankfurt/Rhine-Main metropolitan region.