Lyon - Economy

Economy

The GDP of Lyon is 62 billion euro, and the city is the second richest city after Paris. Lyon and its region Rhône-Alpes represent one of the most important economies in Europe and, according to the Loughborough university, can be compared to Philadelphia, Mumbai or Athens concerning its international position. The city of Lyon is working in partnerships to more easily enable the establishment of new headquarters in the territory (ADERLY, Chambre du commerce et d'industrie, Grand Lyon...). According to the ECER-Banque Populaire, Lyon is the 14th favorite city in the European Union concerning the creation of companies and investments. High-tech industries like biotechnology, software development, game design, and internet services are also growing. Other important sectors include medical research and technology, non-profit institutions, and universities. Lyon is home to some of the most dangerous viruses in the world (class 4) in the Jean Merieux laboratory of research, like Ebola, Marburg, Nipah, Hendra, and Lassa.

The city is the headquarters of many companies like Euronews; Lyon Airports; BioMérieux; Sanofi Pasteur; LCL S.A.; Cegid Group; Boiron; Infogrames; Groupe SEB; Renault Trucks; LVL Medical, GL Events; Compagnie Nationale du Rhône; and intergovernmental agencies IARC, Interpol. The specialization of some sectors of activities has the consequence of creating several main business centers: La Part-Dieu, located in the 3rd arrondissement is the second biggest business quarter after La Défense in Paris with over 1,600,000 m2 (17,222,256.67 sq ft) of office space and services and more than 40,000 jobs. Cité Internationale, created by the architect Renzo Piano is located in the border of the Parc de la Tête d'Or in the 6th arrondissement. The worldwide headquarters of Interpol is located there. The district of Confluence, in the south of the historic centre, is a new pole of economical and cultural development.

Tourism provides a big boost to the Lyon economy with one billion euros in 2007 and 3.5 million hotel nights in 2006 provided by non-residents. Approximately 60% of tourists visit for business, with the rest for leisure. In January 2009, Lyon ranked first in France for hostels business. The festivals most important for attracting tourists are the Fête des lumières, the Nuits de Fourvière every summer, the Biennale d'art contemporain and the Nuits Sonores.