Boosting the economy in the Koroška region: EU funding for Business Zone Otiški vrh

Ljubljana, 24 June 2021 – Government Office for Development and European Cohesion Policy has approved EU funding for the project Business Zone Otiški vrh. The EUR 2 million project will be implemented by Municipality Dravograd under the Agreement on the development of the Koroška region and supported by the EU, with the contribution from the European Regional Development Fund amounting to EUR 890,000.

Municipality Dravograd is planning to expand the existing business zone Otiški vrh as part of the project. Works will include the construction of utility infrastructure, road infrastructure, energy infrastructure and information infrastructure on a 3.44-hectare large area. Basic infrastructure conditions that will boost business growth and spur economic development in the region will thus be ensured.

The municipality expects the expansion to deliver new jobs, attract investment, promote innovation and be a catalyst for growth and better performance of SMEs.

The project will kick off in the fall and is expected to be completed in September 2023.