Joint business report of the cantons Basel-Stadt and Basel-Landschaft 2016-2019
For the first time, the cantons of Basel-Stadt and Basel-Landschaft are presenting a joint economic report. Based on chosen indicators and forecasts, the economic report presents an independent analysis of the economic performance of the cantons of Basel-Stadt and Basel-Landschaft.
Additionally, focused on the joint challenges, regional as well as selected cantonal goals, measures, services, and instruments of the economic development units of both Basel-Landschaft and Basel-Stadt, are shown.
Good marks for the regional economic development factors
In order to better determine the initial position of future further development of the economic strategy of both cantons, BAKBASEL was commissioned with a study on their economic structure was. Through this, various key topics were identified, recommended actions for an effective economic policy were deduced and a systematic position determination was carried out by means of a chance-risk analysis.
The report shows that various location factors contribute to economic potential and to possible future development. The areas of knowledge and innovation, transport infrastructure, tax burden of companies and qualified workers, market regulation, as well as quality of life, are of particular importance for the regional competitiveness and location attractiveness. The report shows that especially in the areas of innovative power as well as accessibility the region leads. Individual strengths, weaknesses, risks, and chances in the region were derived from the extensive findings by means of a SWOT analysis. This highlighted that the location is situated perfectly and is positioned at a high prosperity level as a production, work, and research location. In addition, the regional industry and technology focuses are sustainable as global research and innovation priorities and can be actively influenced. BAKBASEL recommends strengthening interregional cooperation, increasing influence on a national level, as well as opening itself to the outside and entering into international competition with other top locations.
Joint activities of the economic development units of Basel-Stadt and Baselland
The economic development units of both Basel cantons have many commonalities and therefore a close collaboration is expedient. The superordinate goal of both cantons is to further strengthen the international competitiveness of the Basel region, whereby purely quantitative growth should be avoided as far as possible. It is obvious that such a goal can only be achieved with close cooperation and coordination, as the cantons are not self-contained economic areas. Commuter flows as well as goods and services flow freely across the cantonal and national borders. Many economic policy measures, for example in the area of national innovation promotion, can be implemented more effectively together. A further focus of the report was therefore placed on joint programs, projects, and measures of the cantons Basel-Stadt and Basel-Landschaft. It should thereby offers an overview of the economic development unit’s activities and be of use for the political, economic, and administrative players in the region. Both cantons have been working together for a long time everywhere added value is created for the companies through the cooperation. A common understanding of economic policy facilitates cooperation in joint programs and projects.
The Basel cantons and the Canton of Jura have so, for example, commissioned the agency for innovation promotion and location promotion BaselArea.swiss (see contribution “BaselArea.swiss presents itself in a new outfit”) to take over the location promotion and innovation promotion for the entire region from one source. A common presence shows greater effect and contributes to greater efficiency. Thereby, promotion and acquisition activities are oriented more towards innovation and high value-adding companies. Further examples of successful collaboration are both sector programs of life sciences and logistics - both key sectors that have high importance in both cantons. As the analysis of BAKBASEL shows, life sciences and logistics will also have a central, high-level importance for the Basel region in the future. From the perspective of both cantons, a positive development of these regional key sectors will contribute to an increase in the total attractiveness of the economic location of Basel. The cantonal promotion of both of these key sectors occurs jointly in the form of a project sponsorship in the cluster initiatives in collaboration with the Chamber of Commerce Basel (HKBB). The goal of the Basel Life Sciences Cluster is to bring the various players together in an enabling environment. A final example of a successful collaboration is the construction of the Switzerland Innovation Park Basel Area (Park Basel Area) with locations in Allschwil, Delémont, and later in Basel. Here, a national network of five innovation parks for the security and strengthening of the innovative power of the Swiss economy is being developed together with the Confederation and other cantons. The parks are a breeding ground for increased research and development cooperation and a basis for improved transfer of knowledge and technology. In the Park Basel Area, the translation of the foundational research to the applied research with long-term commercialisation is facilitated and explicitly encouraged.
An indication for the strict implementation of inter-cantonal collaboration and a basis for numerous projects is the Basel-Jura regional policy implementation program, which was recently co-signed by the Federal Council Schneider-Ammann.
Focus: Economic zones
Further workplaces and additional value creation shall develop in the region and in the canton. Due to its innovative power, the chances for this are good, as already elaborated. In addition to the projects and initiatives that are carried out together with the neighbouring cantons, the Economic Development Unit Basel-Stadt further pursues its own measures tailored to individual needs. The support of resident companies, for example, remains cantonal as a direct internal access to the administration is essential. A further important condition for achieving this goal is the availability of attractive economic zones and commercial real estate. Within this scope, a network with the real estate market and the companies is maintained. Together, supply gaps in the real estate market can be recognised at an early stage. In case of missing offers, information is specifically prepared and provided to the real estate sector, with the goal of closing the gaps. Furthermore, the canton with its general policy framework offers conditions allowing the market to close existing supply gaps itself. Current examples are commercial buildings which have undergone densification and innovative zones. With the latter in particular, the impulses from the development of the innovation system are taken into account and the real estate sector is actively informed about investment and earnings opportunities (see contribution “Commercial real estate market Canton of Basel-Stadt: What chances and perspectives does the economic location offer for real estate investors?")
You can find the whole economic report of the cantons of Basel-Stadt and Basel-Landschaft here.