The state lent 15 billion for five jobs in Tromsø – has lost 1 billion
Published
According to Aftenposten, the state has lent large sums to build up a financial services hub in Tromsø. The government wanted to create a new environment for the financial industry in the city. The newspaper writes that the goal was to bring more jobs to Northern Norway.
Five jobs have come out of the initiative. The state has lent a total of 15 billion kroner to achieve this. That means the state has lent approximately 3 billion kroner per position. The headline of the article also states that 1 billion kroner has been lost.
The case shows how public funds can be used to support business development in regions outside Oslo. It also shows that large loans do not always produce the results that were planned. Aftenposten has produced the story based on figures on the loans and the loss.
The case raises questions about the relationship between cost and results when the state invests in new jobs. More information about how the money has been used, and what happens next, may come in future articles.
Sources: Aftenposten
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