Łódź Special Economic Zone best in Europe and third globally, says new ranking
Łódź’s Special Economic Zone has been named as the best in Europe and third globally in the latest ranking by fDi.
Established in 1997, the Łódź Special Economic Zone covers an area of 1775 ha in three regions in central Poland, and includes companies involved in production, IT services and R&D.
One of 14 special economic zones in the country, its advantages include its central location in Poland and Europe, as well as the high level of public aid, which can reach up to 55%, depending on the size of the business and its location.
Now the Łódź Special Economic Zone has come third in the Top 10 ranking of free zones globally awarded by fDi, a service from the Financial Times.
For the ranking, zones, government entities and investment promotion bodies were invited to complete a short survey about what they offer (overall, there were 61 entries from around the world).
Only two zones, one in the United Arab Emirates and the other in Morocco, did better in the ranking. In Europe, the Łódź Special Economic Zone came first.
According to fDi, “the zone has made progress in its efforts to become a centre of Industry 4.0 at the heart of central and eastern Europe”.
“Advanced manufacturing and research and development activities featured highly among the new business permits issued in 2019 given that the Polish economic zone legislation has been updated to boost investment with higher-added-value content,” it added.
The Łódź Special Economic Zone was also the winner of the SMEs award and several bespoke awards, including in the 5G Readiness category, with fDi noting the 5G Technology Accelerator combining start-ups and businesses launched by the zone.