Government funds new finance hub in Tromsø, creating five state fund manager positions
The state borrowed money to establish a finance centre in Tromsø, opening offices for five public fund managers in the former Mack brewery building.
To build a financial cluster in Tromsø, the government took out loans to fund five positions for state-run fund managers. The inauguration was attended by two finance ministers, one former and one current. The managers will operate from the renovated premises of the historic Mack brewery in the city centre and are expected to channel public capital into equity markets.
Why it matters
It shows how the government is using public borrowing to develop regional financial infrastructure and create specialized investment jobs.
In this story
finance hubgovernment borrowingfund managersTromsøMack brewerypublic investmentfinancial cluster
