Worms

No. of employees: 33,817 Purchasing power index: 97.3 Business tax rate: 420 Rent price range, Offi ce: 6.00 to 13.00 €/m² Rent price range, Retail: 9.00 to 60.00 €/m²

A central location, excellent infrastructure, the University of Applied Sciences Worms, a strong economy and good communication and transport networks – the “City of the Nibelung” has more than 85,000 inhabitants and offers ideal conditions for businesses.

Worms combines a rich history and cultural diversity with the attractive features of a shopping and tourist destination. Between 2008 and 2018, the number of overnight stays increased by 25 percent. Each year, more than 3.7 million day visitors generate €80.8 million of added value from tourism for the retail, hospitality and service sectors. Hotel investors also recognise the value of Worms as a location. The existing cultural and con ference centre will soon be supplemented by a modern Ibis Styles Hotel with around 120 rooms, and a hotel with up to 130 rooms is also planned for the new “Gerberviertel Quarter”.

Major development projects get underway The “Gerberviertel Quarter” is one of the largest urban development projects in Worms’ recent history. By the end of 2024, private investors will have invested €80 to €90 million in repurposing the approx. 16,000 m² site not far from the imperial cathedral and pedestrian zone. The project will take place in several phases and, in addition to the hotel, create 160 to 200 freehold apartments and a senior citizens' residential and care facility with a usable area of 7,000 m².

The former Rheinmöve site will also be given a completely new direction. Once the planning procedure has been completed and the existing commercial units relocated within Worms, it will be transformed into new quarter with around 475 apartments. And many more projects are in the planning phase. The revitalisation of several existing properties, such as the former “Hochstift” hospital and the development of the “Andreasquartier”, are already in the pipeline.

Co-working space in the heart of Worms Co-working spaces are becoming increasingly popular as companies demand ever greater flexibility and people recognise the importance of working together. “co/buero Worms” – the first co-working space in Worms – will have an area of nearly 150 m² and occupy an attractive, central location close to the Luther Monument. In strategic partnership with the University of Applied Sciences Worms, the aim is to network start-up entrepreneurs and artists in the city through a mix of cultural and creative industries as well as IT companies. Worms is also considering the development of another business incubator focusing on the “digital economy” in order to enhance its range of facilities relevant to start-ups.

www.worms.de/de/wirtschaft

Contact: Wirtschaftsförderungsgesellschaft für die Stadt Worms mbH, Oliver Stojiljkovic, Phone: +49 (0)6241 853-7201, Email: wfg@worms.de