The Baltic Sea Region is still one of the economically most competitive regions in the world. However, foreign companies are of significant importance for the national and regional economy in terms of employment, creation of value, and innovation, as they generally perform better than domestically-owned companies.
This is one of the main conclusions of the Business Plan for Investment Promotion Agencies (IPAs) in the Baltic Sea Region, published by the Baltic Development Forum, and launched at the Baltic Sea Region Investment Promotion Agencies Forum 2014 in Helsinki on 9-10 June. Over 100 professionals working in the field of inward investment promotion from the Baltic Sea Region and beyond attended the event; hence, it was a suitable occasion to introduce the steps forward – the Business Plan.
For the years ahead, the ambition is to take the IPAs cooperation in the Baltic Sea Region to the next level. For this purpose, the Business Plan identifies future cooperation activities and the operating model. With a developed collaboration strategy and a clear action plan, the Business Plan is a necessary tool, if the IPAs in the BSR network want to collaborate in the coming years.
The Business Plan is one of the main outcomes of the Investment Promotion -work package of the ONE BSR -project. It brings together the results of the IPA-meetings and cooperation carried out as part of the project, and suggests to continue the collaboration in the future e.g. with regular network meetings for the IPAs.