Malmö has a deeply-rooted history of an industrial city. For decades its economy was standing on the shoulders of shipbuilding and productions. But a short economical crisis has forced Malmö to change. As a result of s smart strategy, Malmö was reborn as a transportation hub with a wide knowledge-based economy, the Øresund Bridge has finally started to pay off. The commercial property in Malmö was noticed by domestic and international companies that started entering the local market. And thanks to Malmö University more and more biotech and software companies appeared in the region. Malmö has one of the fastest-growing economies in Sweden, around 7 companies are started in the city every day. Software and game development stand at the top of the local startup community with the highest number of young companies. Overall, a diverse economy with numerous SMEs as well as larger companies have created a stable job market and ensured one of the lowest unemployment rates in Sweden and the whole of Europe. Together with citizens, the municipality has created an exciting entrepreneurial culture and social entrepreneurship. New innovative business models have emerged thanks to a variety of local initiatives.
