That’s why I believe corporate taxes should also be given due regard. Companies could be granted targeted relief for research and development, for example. This could set incentives for innovation and bolster competitiveness. Here in this region, I don’t need to explain to you what innovative power is. Mannheim is traditionally considered a city of inventors.
Karl Drais built the first bicycle here, Werner von Siemens presented the first electric elevator in Mannheim, and the first automobile built by Carl Benz took its maiden drive on the streets of this city. At first, Carl Benz only ventured onto the roads at night. And during the day, too, he worked on the vehicle in secret, afraid that someone might preempt him.