Trentino unveils 2040 industrial plan targeting 40% GDP growth and wage gap reduction
Translated from Italian, summarized and contextualized by DistantNews.
At a glance
- The Trentino provincial government has unveiled a new industrial plan aiming for ambitious growth by 2040.
- The plan targets a 40% increase in GDP, a 30% rise in value added per employee, and a 50% increase in business generational success.
- Key strategies include technological evolution, support for research and development, and simplified procedures for strategic industrial areas.
Trentino aims to become a leading territory in competitiveness, technological innovation, talent attraction, quality of life, and sustainability by 2040. The provincial government presented its ambitious industrial plan, valued at hundreds of millions of euros, to economic and union representatives.
Vice President Achille Spinelli emphasized that these are investments in growth and human capital, not costs, expecting multiplied effects. The plan sets concrete targets: a 40% GDP growth, a 30% increase in value added per employee, a 50% success rate in business generational transfers, and 3% of GDP invested in research and development, with a focus on private sector involvement.
Ma considerato che stiamo investendo sulla crescita e sul capitale umano, non li considero dei costi: stiamo parlando di investimenti, risorse che produrranno effetti moltiplicati
To achieve these goals, the plan outlines seven strategic directions for technological evolution, four economic development vectors, and specific actions for the next three years. It also addresses Trentino's vulnerabilities, such as an aging population, wage gaps, and a projected loss of 23,500 workers by 2040.
The first strategic direction focuses on technological evolution as a driver of "technological autonomy" and global competitiveness. This involves strengthening existing scientific-technological hubs, research centers, and the university. The plan also supports businesses through "industrial acceleration areas" with simplified urban planning and access to European funding. Additionally, it proposes studying the divestment of some Trentino Sviluppo real estate assets to private investors to free up resources for new production facilities or equity investments.
motore fondamentale dellโAutonomia tecnologica e della competitivitร globale del Trentino
Originally published by Corriere della Sera in Italian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.