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Huge rain of money: Biontech brings Mainz billions in tax revenue - city with big plans

2021-11-09T22:01:53.047Z


You mix a pandemic, a highly developed vaccine and a city and you get: Income from business tax in the billions. Welcome to Mainz.


You mix a pandemic, a highly developed vaccine and a city and you get: Income from business tax in the billions.

Welcome to Mainz.

Mainz - "At the gold mine 12" is the address of the Mainz research company Biontech - the name says it all.

Because the city of Mainz, in which the vaccine manufacturer has its headquarters, will soon be able to look forward to billions of euros in revenue.

The entire city benefits from the profit that Ugur Sahin and Özlem Türeci's company makes with its vaccine against the coronavirus.

Profit thanks to Biontech vaccine: Mayor of Mainz is delighted

According to

Bild.de, the head of

finance for the city of Mainz Günter Beck is

delighted: "This development is sensational." Instead of the planned 36 million euros minus, a plus of 1.09 billion euros for the city budget is now in prospect.

For the coming year, too, an increase of almost 490 billion euros is to be expected.

This would allow the city to pay all of its loans and would be debt-free in early 2023.

A real stroke of luck for the municipality.

With the remaining money, the Mayor of Mainz, Michael Ebling, has

big plans,

according to the

FAZ

: They want to make Mainz the world's leading location for the biotech industry.

A biotech hub is to become the central point here.

Together with the university, the university clinic and the resident companies, a biotech network is to be created, which should also make the city more attractive for other companies.

All in all, the money should create a good foundation for the future.

Biontech brings rain of money: City of Mainz with a plus in the billions

According to Ebling, the city is aware of how dependent one is on the Biontech income.

Another reason for expanding Mainz as a research location.

In an interview with the FAZ, the mayor is self-confident: You experience “a very resilient commitment”.

In other words: Biontech will continue to expand locally and will not stop investing in the city.

The numbers are currently rising again - a survey recently revealed the surprising attitude of many Germans to the obligation to vaccinate.

Source: merkur

All news articles on 2021-11-09

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