Attractive Competitive Advantages of the Location

Upper Franconia. Hof City as well as the administrative destricts of Hof and Wunsiedel, are supporting the Automotive Supply Park and laying the foundations for excellent advantages of this location. The region comprises all factors essential for economic growth. The regional advantages for automotive suppliers, such as qualified and experienced industrial workforce, technical know-how of worldwide leading automotive suppliers based in Upper Franconia, the strong network of Centers of Excellence and universities additionally strengthen the industrial advantages of this region. www.ofracar.de Upper Franconia has always been a center of industry. The long lasting industrial tradition has been creating a highly qualified workforce. The excellent geographical position of this region offers companies an outstanding position for development and serving of important European markets. Hof is central located to important sites of the automotive industry in the South and Center of Germany. The region offers companies a favourable transport infrastructure and direct motorway connections to highway A9, A72 and A93. The airport Hof – Plauen, the well-developed railway network including a container terminal and numerous logistics companies on the spot contribute to the outstanding position of this location. The representatives of cities and administrative destricts act as cooperative partners and support the requests and requirements of industry. Beside the mentioned obvious advantages, Upper Franconia also offers additional cirteria for settlement. The professional educational establishment, the diversity of cultural activities within well-tended natural surroundings and the multitude of leisure activities contribute to the unchallengeable advantages of this region.

> Automotive Infrastructure combined with excellent location and favourable connections > Central location within the heart of Europe and close to a multitude of manufacturers and component suppliers > Attractive industrial environment: about 150 automotive suppliers are located in Upper Franconia > Outstanding gateway for the development of new markets in Central and Eastern Europe > Excellent infrastructure and highly developed logistic expertise on the spot > Highly Qualified and experienced industrial workforce > Renowned universities and professional educational institutions > Low wages > Strong competence in investment projects and short proceedings of approval > High quality of life for employees and their families > Buildings and plants can be realised according to investors specifications > Investment grant for the establishment or expansion of companies (up to 28 % for small and medium-sized and up to 18 % for large companies)