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The Hamburg economy is experiencing a veritable start-up boom, according to a recent press release from the Statistical Office North. In the first half of 2023, 2,847 new businesses were founded in the Hanseatic city - an increase of a remarkable 18 percent compared to the same period last year. This not only represents a remarkable increase, but also marks a historic high since records began in 2008.
The dynamic development on the start-up market is not only reflected in the high start-up figures, but also in a positive balance of business start-ups and closures. A total of 1,568 more businesses were founded than discontinued. This positive difference underscores the strength and attractiveness of Hamburg as a business location.
Although the reasons for the increase may be manifold, it is striking that the propensity to start a business varies across Hamburg's districts. Business startup rates range from 0.6 in the Bergedorf district to a remarkable 4.2 in Hamburg-Mitte. The situation is particularly remarkable in the district of Hamburg-Mitte, where the number of business start-ups increased by more than 60 percent within one year. This could indicate a special dynamic in this district, which is characterized by entrepreneurial innovation and economic growth.
In order for a business start-up to be recorded in the statistics, certain criteria must be met. These include, for example, the legal form of the business or the number of employees. Businesses founded by natural persons can also be included in the statistics, provided they are entered in the commercial register, employ staff or have a craftsman's card at the time of foundation. The statistics thus provide an insight into those start-ups that are particularly relevant due to their economic significance.
A look at the number of start-ups per 1,000 inhabitants shows that 1.5 businesses were founded per 1,000 people in Hamburg. This figure illustrates the breadth of start-up activity within the city.
The development of business start-ups in Hamburg in the first half of 2023 not only shows a pleasing increase, but also points to the city's vibrant and diverse business landscape. The positive development of the start-up market could lead to a further strengthening of Hamburg's economy in the coming months and years and create new opportunities for entrepreneurs.