Innovation, quality and tradition are three essential pillars of the economy in Mecklenburg-Vorpommern. Since German Unification in1990 extensive change in the structure of the new Land has been implemented. Today Mecklenburg-Vorpommern is an attractive and competitive business location amidst the growing Baltic region. The state convinces investors with modern infrastructure and an offensive, sustainable economic policy.
Mecklenburg-Vorpommern's economic policy purposefully supports new growth poles and, at the same time, strengthens traditional business areas. Thereby synergy effects are endorsed and the formation of networks actively promoted.
With Mecklenburg-Vorpommern's development into the number 1 wellness state, tourism has acquired additional growth perspectives. The food industry can bank on high quality products from local agriculture. Ultra-modern seaports are an important factor for foreign trade; with its seaports Mecklenburg-Vorpommern has established itself as a venue for transportation and shipping. This is a favourable prerequisite for the processing industry: Here turnover growth in 2006 reached 12.9 per cent, well above nationwide growth with 6.5 per cent. Wood processors, among others, take an optimistic view of the future: A unique wood cluster has been created in the Hanseatic city of Wismar, which, in the meantime, is regarded as a centre of the European wood industry.
The centres of innovation and development are the research institutes and universities of the state. They work hand in hand with business companies which bring key technologies up to productivity. Initiatives such as BioCon Valley or Scan Balt contribute to interdisciplinary exchange and open new markets for dynamic future branches such as biotechnology and medical engineering, environmental engineering or maritime technology. High-tech companies find highly qualified personnel in the state. In the field of life sciences alone there are about 10,000 young people presently studying at the universities of the state.