Transcript TITOLO DELLA PRESENTAZIONE

WHY INVEST
IN TUSCANY
Florence, June 2010
ACCESSIBILITY
KEY FACTS & INFRASTRUCTURES
TUSCANY IN BRIEF
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•
Population: 3.7 million inhabitants (6,2% of Italy)
Area: 22.994 Km²

Capital: Florence. Other main cities: Livorno, Pisa, Lucca,
Siena
Renowned for:

fashion and fine arts (“made in Italy”)
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tourism (historic sites, cities, nature)
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quality of life
Economy: € 106.073 million (6.7% Italian GDP)
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70.4% services, 27.5% industry, 2.1% agriculture
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Labour market: 1.7 million people
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Unemployment rate: 6.3%, much lower than the Italian
and European averages
Manufacturing tradition:
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More than 365,000 companies,
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12 clusters (industrial districts):
fashion-design, marble, wood, furniture, paper, boat
building, automotive...
International investment:
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335 foreign companies, more than 35,000 jobs
Source: Italian Bureau of Statistics
Why invest here
1. ONE OF THE MOST POLITICALLY STABLE
REGIONS in Italy
2. A WELL MANAGED REGION providing
excellent services to citizens and
expatriates
3. TALENTS
encouraged by a high-level training offer,
with diversified and internationally
renowned Universities
4. COMPETITIVE COSTS
lower than the Italian and European
averages for labour , Real Estate and
facility (gas, water, etc)
5. OUTSTANDING SCIENTIFIC AND
TECHNOLOGICAL SKILLS AND
RESOURCES attracting worldwide
references for R&D, particularly in the
Life Sciences, Information Technology,
Chemicals…
6. MADE IN TUSCANY:
A UNIQUE AND VIBRANT INDUSTRY
world renowned,
built on an long and traditional knowhow and with a strong local anchorage
7. THE TUSCAN WAY OF LIFE
ACCESSIBILITY & INFRASTRUCTURES
TUSCANY: A STRATEGIC PLATFORM
Tuscany is a natural entry platform
to Italy and a gateway to EuroMediterranean markets
More than 10% of European GDP and
75% of Italian GDP accessible within a
400km radius around Tuscany
Source: www.johomaps.com
ACCESSIBILITY
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Direct flights from Japan to Italy (13hrs):
 Osaka-Rome
 Tokyo-Rome
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Other flights linking Tokyo and Osaka with
Florence through Frankfurt, Paris,
Amsterdam, Helsinki, Copenhagen.
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Excellent links among Milan, Rome and
Florence:
 By airplane:
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Rome-Florence (1hr)
 By train:
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30 daily links Florence-Rome
(1hr40)
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15 daily links Florence-Milan
(1hr35)
 By car (A1 Highway):
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Florence-Milan (3hrs15)
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Florence-Rome (2hrs50)
A PERFORMING TRANSPORT NETWORK
Excellent transport infrastructure and
a integrated multimodal network
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3 key highways ensure good transport links to the whole of Italy:
2 key highways North/South - 1 highway East-West
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2 main international airports in Pisa and Florence for passengers and freight,
with several daily flights to European and Italian major cities
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2 commercial ports in Livorno (ranked: # 7th Italian port, 6th for container traffic, and
serving all the major ports world-wide), and Piombino, with immediate proximity to the
other major Italian ports
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An excellent High Speed Rail network ensuring:
10 daily links Florence-Turin (2hr45)
10 daily links Florence-Venice (2hrs40)
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ITALY: A STRONG AND COMPETITIVE ECONOMY
ONE OF THE WORLD’S LEADING ECONOMIES
Italy is the 4th largest European country
GDP (bn€, 2009)
2,500
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Italy is the 4th largest economy in
Europe (3rd within the Eurozone),
accounting for 13% of EU27 GDP
The 4th European country in
population
accounting for 12.6% of the EU27,
with 59 million people, amongst
the highest economic growth
within EU27
Source: Eurostat (2009)
2,000
1,500
1,000
500
0
ONE OF THE WORLD’S LEADING ECONOMIES
Real GDP Growth Rate estimates
selected EU Countries (2011)
3.0
2.0
1.0
0.0
-1.0
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Italy’s GDP is estimated to grow in 2011 by 1.4%, thus
reflecting the average of the Euro area
HIGH PRODUCTIVITY
GDP/inhabitant (US$/hr)
60
50
40
30
20
10
0
Source: Conference Board
(2008)
Italy’s productivity is higher than European average
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Italy is above the European average for overall indicators in terms of quality of the
workforce and labour productivity
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Italian performance much higher than the EU-27 average
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Higher than Sweden and Switzerland, and higher by 20% to Spain’s average
HIGH PRODUCTIVITY
Source: OECD (2008)
Italy’s productivity is even higher than other OECD countries

Italian performance much higher than the OECD average
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Higher than Japan and United States
COMPETITIVE COSTS
Difficulty to fire (rating 0 to 100)
80
Firing costs (index)
90
80
70
70
60
60
50
50
40
40
30
30
20
20
10
10
0
0
Source: World Bank – « Doing Business » (2007)
A flexible labour market
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Italy is in the low European average for flexibility of recruitment and dismissal rules
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Firing costs are among the lowest in Europe
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A contractual diversity suited to the needs of companies’ flexibility
COMPETITIVE COSTS
Italy’s labour costs are among the lowest in Western Europe
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Italian labour costs are among the lowest
in Western Europe, with a lower growth in
salary increase
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
among the lower costs per hour in
Western Europe for operatives and
medium skilled workers,
and also for managing functions
(Logistics and Manufacturing)
Industry labour cost per hour (US$/hr, 2006)
45
40
35
30
25
20
15
10
5
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Italy presents low costs within Western
Europe for logistics activities for both skilled
and highly skilled resources
0
Source: US Department of Labour (2008)
COMPETITIVE COSTS
R&D labour costs
140
120
100
80
60
40
Manager R&D
Senior R&D
20
0
Source: Apec – Hewitt (2007)
Italy’s labour costs for R&D are among the lowest in Western Europe
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R&D labour costs are lower - for both Managing and Senior functions - than
in other major Western European countries
COMPETITIVE COSTS
Gas industrial prices (€/GJ, 2007)
14
Water prices ($US cts/m3)
250
12
10
200
8
150
6
100
4
2
50
0
0
Utility prices in the European average
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Electricity & gas: deregulated markets offer opportunities for lower prices

The cost of gas for industrial use in Italy is below the European average, and much
lower than in Germany (32% less), or the UK (15% less)
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The cost of water is less than those of other major European countries: Germany,
United Kingdom, France, Benelux ..
TUSCANY’S COMPETITIVE ADVANTAGES
TUSCANY: A STRONG ECONOMY
Tuscany
• A population of over 3.7 million (6,2% of
Italy), comparable to Ireland or Finland and
greater than various European or American
States
• A modern and vibrant economy with a
Tuscan regional GDP over €106bln, larger
than the Hungary, Bulgaria or Croatia
Source: Italian Bureau of Statistics; Eurostat (2009)
• A regional GDP contributing to 6.7% of
Italian GDP and to 7% of Italian export
sales
MADE IN TUSCANY:
A UNIQUE AND VIBRANT INDUSTRY
•
Dynamism and diversification
of the economy is underpinned
by small, medium and
multinational companies
working in sectors linked to
research or high quality and
high value added
manufacturing
Tuscany has a sound and diversified economic base
with strengths in many sectors including:
– Advanced Manufacturing, including:
• Paper
• Chemicals
• Pharmaceuticals and medical devices
• Electronics
• Transport Industries (boatbuilding, light
vehicles, rail…)
• Food processing
– Emerging science-based sectors, including:
• Software, Telecom
• Biotechnology
– Logistics & Transportation
– Energy, including Renewable Energy
– Fashion & Design
– Real Estate and Tourism
OUTSTANDING SCIENTIFIC AND
TECHNOLOGICAL SKILLS AND RESOURCES
Strong competencies in scientific fields
A world renowned education system, with 3 Universities (Florence, Pisa and
Siena), along with 5 Higher Education Institutes (i.e. Scuola Normale Superiore
of Pisa, Scuola Superiore Sant’Anna of Pisa, IMT of Lucca) and many foreign
universities (i.e. European University Institute of Florence).
More than 21,000 graduates per year with strong competencies in scientific
fields: Engineering, ICT, Technology, Electronics, Medicine, Pharmaceutical and
Chemistry
A 1.6 million workforce, with over 30% of labour force is employed in science
& technology sectors
UNIVERSITIES IN TUSCANY AND CENTRES OF
EXCELLENCE
University of Pisa (50,000
students)
• Teaching/research staff: 1,900
• Faculty of Engineering
31 degree courses, 9
specialization courses
 10,000 students
Engineering graduates (2008):
1,426
University of Florence (63.000 students )
• Teaching/Research staff : 2,200
• Faculty of Engineering
26 degree courses, 21
specialization courses
5,538 students
Engineering graduates (2008): 836
Sant’Anna School of Advanced
Studies, Pisa - Valdera Hub
Scuola Normale Superiore, Pisa
11 Labs and Research Centres
University of Siena (19,000 students)
• Faculty of Engineering
 7 degree courses, 11 specialization courses
 Engineering graduates (2008): 189
HIGHER EDUCATION INSTITUTES
SOME FOREIGN UNIVERSITIES IN TUSCANY
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TECHNOLOGICAL, RESEARCH & SCIENTIFIC
CENTERS
National Research
Council Institutes
Polo Sant’Anna Valdera
TUSCANY: R&D
Research, Design & Development
Third largest concentration of universities in Italy
€542 million - academic research investment – 11% of overall Italian spending
More than 10,600 people dedicated to Research in Tuscany,
Intensive production of scientific publications, ranking 18th among European Urban
Regions in the number of scientific publications in proportion of the population
First-class research facilities dedicated to the development of innovation and technology
transfer, science and technology parks and incubators in three main areas: Life Sciences,
ICT and Chemistry-Physics
Strong University networks and their efficient cooperating model with industries proved
by 27 spin offs registered between 2001 and 2007
THE TUSCAN WAY OF LIFE
Why live here
• One of the most prestigious brand for manufacturing, culture
and tourism
• A preserved environment and a low level of pollution
• A high level of safety for people and goods
• An attractive cost of living
• A temperate climate
• A good offer for expatriates with 2 international schools,
more than 50 foreign universities, and many international
cultural associations
THE TUSCAN WAY OF LIFE
Ranking
• Tuscany ranks
second in Italy for
sustainable
development
Source: Eurostat; University of Pisa
Region
Score
1
Trentino Alto Adige
62
2
Toscana
57
3
Abruzzo
54
4
Valle d’Aosta
54
5
Piemonte
53
6
Lombardia
52
7
Lazio
52
8
Umbria
51
9
Emilia Romagna
50
10
Liguria
50
11
Veneto
50
12
Marche
49
13
Friuli Venezia Giulia
48
14
Campania
48
15
Basilicata
47
16
Calabria
46
17
Molise
46
18
Sardegna
45
19
Puglia
41
20
Sicilia
38
HUMAN RESOURCES IN TUSCANY
Labour cost (€ per year 2004)
70000
60000
50000
42,476
40000
39,390
37,564.98
Italy
(Bologna,
V enice,
Tr ieste)
Italy
ITALY
(Florence)
(FLORENCE)
30000
20000
10000
0
France (Paris) UK (London)
Germany
(Berlin)
Italy (Milan,
Tur in)
Source: Eurostat (NACE DK 29; 10/10 or more employees business)
• Highly competitive human resource costs
COMPETITIVE COSTS
140.0
Industry - Gross salary
Tuscany = 100
120.0
100.0
80.0
60.0
40.0
20.0
0.0
Source: CNEL
Tuscany’s labour costs among the lowest in Western Europe and Italy
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Employment costs in Tuscany are below the Italian average for industry (in the strict sense excluding construction)
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Labour costs in Tuscany are lower than those of the 12 regions of Central and Northern
Italy
COMPETITIVE COSTS
112
Services - Gross salary
Tuscany = 100
110
108
106
104
102
100
98
96
94
92
Tuscany’s labour costs among the lowest in Western Europe and Italy
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Employment costs in Tuscany are below the Italian average for services
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and lower than those of the 12 regions of Central and Northern Italy
Source: CNEL
COMPETITIVE COSTS
Rental - Industrial facility (€/sm/year,
2005)
Rental - Offices (€/sm/year, 2005)
400
100
350
80
300
250
60
200
40
150
100
20
50
0
0
Milan
Rome
Florence
Rome
Milan
Florence
Source : Gabetti (2006)
Florence shows lower rental costs than Milan and Rome
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Rental costs for offices in Florence are significantly lower than in Milan (20%), and Rome
(15%)
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Rental costs for industrial facilities in Florence are also notably lower than Milan (20%) and
Rome (33%)
COMPETITIVE COSTS
Rental – Offices (€/sqm/year)
Source : Gabetti (2008)
Florence shows lower rents than Milan and Rome
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Rental costs for offices in Florence are 25% lower than Milan and 35% than Rome
FOREIGN COMPANIES
FOREIGN COMPANIES
They believe in Tuscany
335 foreign companies, active in manufacturing and increasingly in R&D activities, accounting
for more than 35,000 jobs in the Region
More than 30 new companies have located in Tuscany in the last five years, investing
almost $3 billion into the region mostly in the knowledge based sectors of ICT and Biotechnology
Driving global excellence from leading industries and blue chip companies operating in
Tuscany including:
Microsoft, Eli-Lilly, Sun-Microsystems, Novartis, Continental, ArcelorMittal, Saint-Gobain,
Boehringer, Solvay, Tioxide, General Electric…
FOREIGN COMPANIES
Foreign-owned Companies in Tuscany
Foreign Investors #
260
Companies #
335
Employees #
35.479
Turnover (mln €)
15.170
Industry
Utilities &
Construction Firms
Wholesalers
Services
Source: ICE-Reprint (2009)
FOREIGN COMPANIES
No. Of Foreign companies per Tuscan provinces (2009)
140
131
120
100
80
60
42
40
32
30
20
20
19
18
17
17
9
0
Source: ICE-Reprint
Invest in Tuscany
• Invest in Tuscany is the service of Toscana Promozione dedicated to assist
foreign investors wishing to locate their business in Tuscany
• We support inward investments in order to boost the economic and productive
development of the region
Invest in Tuscany supports foreign companies willing to locate in Tuscany
Our service is free of charge and strictly confidential
What We Do
MS
 Promoting investment opportunities
 Scouting and groundwork for potential
investors
 Establishing of leads
 Assisting investors:
 Assessment
 Contacts
 Negotiation
 After-care services
LU
PT
PO
FI
AR
PI
SI
LI
GR
CONTACT US
HEADQUARTER
INTERNATIONAL OFFICES
DESKS
Florence (Italy)
Via Vittorio Emanuele II, 62/64
50134 Firenze
Tel. +39 055 46281
[email protected]
Frankfurt (Germany)
Friedrich-Ebert-Anlage 58
60325 Frankfurt am Main
Tel. +49 69 27390237
Email: [email protected]
Buenos Aires (Argentina)
Marcelo T. de Alvear 1119 piso2
C1058AAQ Buenos Aires
Tel. +54 11 4816 5900
Email: [email protected]
Moscow (Russian Federation)
Romanov Pereulok n. 4 - 2nd floor
125009 Moscow
Tel. +7 495 641 1247
Email: [email protected]
San Paolo (Brazil)
Avenida Ipiranga, 344 - 16° andar - cj 161 Edifício Itália
01046-926 São Paulo
Tel. +55 11 2189-2737
Email: [email protected]
New York (USA)
55 East 59th Street
New York - N.Y. 10022
Tel. +1 212 8916616
Email: [email protected]
Shanghai (China)
Platinum Center
Unit 2504 - Tacaing Road
200021 Shanghai
Tel. +86 21 63869660-1
Email: [email protected]
www.investintuscany.com
Abu Dhabi (United Arab Emirates)
Bin Arar Tower, Najda Street
PO Box: 112358 Abu Dhabi
Tel. +971 2 4952783
Email: [email protected]
Mumbai (India)
502, Bengal Chemicals Compound
Veer Savarkar Marg
Prabhadevi, Mumbai 400025
Tel. +91 22 24368186 extn: 150
Email: [email protected]
40
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