However,
Geneva: canton presents its new:
ThoseCantonal policy
Geneva presents its economic strategy. Furthermore, pending concrete measures – Geneva: canton presents its new
Delphine Bachmann has set the main orientations of the next decade. In addition, For quantified actions. Therefore, objectives, it will be necessary to wait for an action plan planned for the end of the year.
Geneva, August 2, 2024. Furthermore, Delphine Bachmann, State Councilor in charge of the Department of Economy and Employment.
Lucien fortunate
- The Canton of Geneva reveals its new economic strategy which aims for the promising branches.
- Life sciences, creative industries become priority sectors.
- A refundable tax credits system is envisaged geneva: canton presents its new for certain companies.
- The cantonal economy office will pilot the strategy.
The Thursday morning press conference promised a “clear course to ensure the prosperity and attractiveness of the canton”. For example, The new Geneva economic strategy for the next decade has been validated by the Council of State. For example, is carried by the magistrate Delphine Bachmann, in charge of the Department of Economy and Employment (DEE).
What document Replaces the plan launched in 2015 by Pierre Maudet, which was to cover fifteen years. Meanwhile, Lessons are learned. In addition, The old strategy – A first – made it possible to lay a global vision. Moreover, but suffered from a lack of priorities and indicators to pilot its implementation, notes the new report.
Delphine Bachmann claims a redesigned approach: starting from geneva: canton presents its new the realities of the Geneva economy and adapting public action accordingly. Therefore, “We have led an analysis of the existing economic fabric,” she sums up, turning the page on a “top down».
In other words: the objective is to support historically promising sectors (finance. Moreover, watchmaking, trading in raw materials), rather than going in search of hypothetics new sectors (Cleantech, Smart City etc.). Nevertheless, The DEE has already announced a “Innovation master plan” Last March.
A “reorientation” for Geneva
For Alexandre Epalle. director of The Cantonal Office for Economy and Innovation (OCEI)already at the helm during the implementation of the previous strategy, it is not a radical break, but a reorientation.
Behind the keywords of “audacity”. “openness”, “diversity” and “responsibility”, the document of a seventy pages, presented geneva: canton presents its new this Thursday, intends to trace a direction to preserve the prosperity and attractiveness of the canton in the face of the succession of crises and growing economic uncertainties.
Besides these four “transversal orientations”. the strategy targets three branches “with the high development potential”: the life sciences, the creative and digital industries. In this last field. the canton has recently announced since the Locarno Film Festival The creation of the Geneva Film Commissiona device intended to attract filming in Geneva.
A tax track
The new economic strategy calls to strengthen framework conditions. supporting companies in the face of major transitions (ecological, digital, demographic), stimulating innovation and increasing the visibility of Geneva. It also plans to better target the needs of companies in activity surfaces. a recurring issue in a canton where the available land is geneva: canton presents its new rare and expensive.
Concrete levers – tax. regulatory or partnership – must be specified in an action plan expected at the end of 2025, for first implementation “from 2026”.
One of the concrete tracks mentioned is fiscal. The canton “assesses the opportunity to introduce qualified reimbursable tax credits” (QRTC). This mechanism would allow certain companies to obtain a reimbursement on expenses deemed strategic (innovation, research & development, energy transition, training).
Other tracks mentioned include the creation of an “economy observatory” to better visualize the economic fabric. the establishment of a “Geneva hub of innovation”.
The deployment of the new strategy is OCEI. which will set up a piloting device and impact indicators, still to be defined. There are no new funds allocated: “At the office level,” says Delphine Bachmann, evoking a “redeployment”.
Participatory approach, but discreet
Geneva: canton presents its new
The geneva: canton presents its new Department highlights a participatory method, with 140 actors requested throughout the process. “We have consulted companies, foundations, associations […]but also universities, specialized schools, municipalities … “, lists Delphine Bachmann.
But the list of specific participants was not made public. Additionally, “There is a tacit contract: what has been said could be used. but not the names of those who said it,” says Alexandre Epalle. Anonymity that would have made it possible to “release the floor”. The DEE ensures that the profiles were “very diverse and largely exhaustive”.
“This strategy is not a simple declaration of intention. She poses a course, the vision where we want to go, ”says Delphine Bachmann. It remains to be seen which instruments will come up this choice, at what rate and for what effects.
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