As a service company, the WFMG is a link between business, administration and politics in Mönchengladbach. Shareholders of WFMG are EWMG-Entwicklungsgesellschaft of the City of Mönchengladbach mbH (51%) and Mönchengladbach Company including chamber of industry and commerce (IHK) and the district’s guild of craftsmen (49%).
The primary goal is the creation of jobs through company settlements. For this purpose, the WFMG sells municipal land and arranges suitable commercial properties. Furthermore, the WFMG supports local companies and provides them with diverse networks with a sector-specific and cross-sectoral exchange.
In the recent past, the work of economic development agencies has increasingly diversified as a result of space becoming scarcer, but also in response to megatrends such as digitisation. For example, WFMG now has its own digital team responsible for promoting start-ups and the digital transformation of small and medium-sized businesses. Funding advice as well as topics such as mobility, (IT) education and sustainability have increasingly moved into focus. In these matters, WFMG can always rely on its excellent in-house competences and strong partner networks.