Economy Of Freistadt

The district’s principal economic hub is Freistadt.Between the last two censuses, in 1991 and 2001, the number of workplaces increased significantly by 20.9% to 510.In Freistadt, the amount of local taxes collected increased significantly by 11.5% between 2001 and 2004. This rise points to a trend of good economic growth for the city. 34 new businesses opened their doors in the Freistadt area in 2007.In August 2007, the home appliance company Gorenje closed its kitchen production, uprooting 64 employees.

The 2001 census revealed that 1.2% of the almost 4,600 people in the working population worked in the agriculture and forestry industry. Furthermore, 19.8% of the working population was employed in the industry, trade, and construction sector; 79.0% of the working population was employed in the service sector.

Compared to other municipalities in the district, Freistadt employs about 25% of its population, which is a far larger percentage.Still employed by the corporation, most of its workers commute to their jobs in Linz, the state capital. About forty kilometers separate their place of employment from Linz.Notably, women tend to have higher rates of employment inside Freistadt, although men make up the bulk of commuters.

Employed people’s median monthly gross income in 2006 was 1,659 euros. At 1,778 euros, Upper Austria had a little higher median monthly gross income. Payments for these earnings were made every 14 months.Gross income for men averaged 2,095 euros, while that of women was just 1,191 euros.Generally speaking, the median income of the city of Freistadt is around 7% less than the average income of the Freistadt district (1,777 euros) and the federal state of Upper Austria (1,778 euros).

In 2003, the buying power in the Upper Austrian town of Freistadt ranged from 6,400 to 7,100 euros.Between 50% and 100% is the range of buying power inflows to outflows ratio. When it comes to obtaining purchasing power inflows, Freistadt is ranked eighth out of all the towns in Upper Austria. Freistadt has been awarded 67.5 million euros in all. Compared to other towns in the district, the city is a vital regional center for purchasing power, attracting a bigger portion of it from neighboring localities.

The Freistadt district had a lower unemployment rate in July 2009—3.0%—than the national average of 4.5%. Please be advised that the data at hand only offers district-level information. This implies that the economic crisis has not really harmed the job market.The average yearly figure in Freistadt in 2008 was 2.9%. Whereas Austria’s average was higher at 5.8%, Upper Austria had a little higher rate of 3.5%. This implies that Freistadt had full employment at that time.

Several significant Freistadt companies include:

• Being the oldest continually running business in Freistadt, the Gasthaus Strasseder am Trölsberg was founded in 1723.
• Founded in 1777, the Braucommune Freistadt is unique among the firms in the city.The Braucommune is the only municipality in Europe formally listed in the commercial registry as such.
• At more than 430 people, the Freistadt State Hospital is the main employer in the city and its environs.
• Founded in 1925, A. Haberkorn GmbH employs about 230 people.The firm wholesales toys, children’s products, and garden furniture in addition to specialising in the manufacture of technical textiles.
• FM Küchen, formerly Freistädter Möbelfabrik, is a business situated in the Kefermarkt Galgenau area. Notably, the organization also offers a sizable number of Freistadt locals job chances. Employing 184 people, the enterprise is the third-biggest employer in the district. Its roots were in the Moßböck furniture industry, which opened after World War I in the Trölsberg neighborhood next to the rail station. These two businesses stand for the only Freistadt-based businesses included among the top 500 in Upper Austria.

A another well-known business in Freistadt is the 140-person Freistadt Social Welfare Association. Besides, HappyFoto, the top photo mail order business in Austria, was founded in this area in 1978. Established in 2008 on the site of the former Mäser textile factory, the Freistadt Technology Center now houses twelve firms.

At the INKOBA Freistadt-Rainbach operational development area, which is run by Greiner Bio-One GmbH, a diagnostic and pharmaceutical company, some 100 new jobs have been created in the fields of production, warehousing, and quality management, since March 2009. By the end of 2011, there are also intentions to add another 200 jobs, making it the biggest business enterprise in the district.A presence at the same site was added by Kreisel Electric, a firm that specializes in e-mobility and storage solutions, in 2017. This growth brought 100 more workers to the company.