The city of Mainz utilizes the innovative potential of local research achievements to the benefit of the regional economy. Established in 1986, the Technology Centre Mainz has supported a total of 134 innovative business start-ups that together have created 1263 new jobs.
The scientific institutions and research-oriented businesses employ around 20,000 people and are a central economic factor. Not only do their employees generate a high level of tax income; they also have significant purchasing power at their disposal from which both city and region benefit. The Johannes Gutenberg University Mainz and Mainz University Medical Center alone employ a workforce of 10,750, making this the largest employer in the city of Mainz and second largest employer in Rhineland-Palatinate. In addition, around 40,000 students - of which 5,000 are from over 130 foreign nations - study at Mainz University and the universities of applied sciences. They bring more to the city than just young and international flair: Well-educated future leaders represent an important economic factor for the location when it comes to attracting knowledge-based companies.
Scientific institutions also provide important economic impulses with the expenditures and investments they initiate.