Facing 'permacrisis,' Vaud refines economic support, claims more targeted approach

The canton of Vaud has unveiled its third economic development support policy (PADE), aiming for a more targeted approach to bolster its economy amidst what is described as a "permacrisis." The announcement was made at the Biopôle d'Epalinges, a hub symbolizing Vaud's scientific and technological excellence.

This initiative follows a study by BAK Economics that highlighted both the strong performance of Vaud's economy, which has surpassed the Swiss average, and its underlying vulnerabilities. Key concerns include a shortage of skilled labor, difficulties in disseminating innovation to small and medium-sized enterprises (SMEs), and increasing pressure on infrastructure.

State Councilor Isabelle Moret presented the policy, emphasizing the need to refine support mechanisms. The PADE seeks to address these fragilities by fostering a more resilient and dynamic economic environment within the canton. The focus is on a more targeted strategy to ensure that support reaches the sectors and businesses most in need, thereby strengthening the region's overall economic health and competitiveness.