Editing Vantaa (section)

==Economy==
===Economy of the city of Vantaa===
[[File:Finnair headquarters 02.JPG|thumb|[[Finnair]] headquarters]]
[[File:Jumbo Park.JPG|thumb|The [[Jumbo shopping centre]] in the [[Pakkala]] district of Vantaa is the third largest [[shopping centre]] in Finland.]]
In the latest years, Vantaa has stabilised its economy via an economy and debt program accepted in 2012. The growth of the loan stock was stopped by the end of the council term from 2013 to 2017. In 2016 the city managed to decrease its loan stock a little, which had grown to over one billion euro.

Vantaa has been in increasing debt since the early 2000s, due to a decrease in state funding and an increase in investments. A contributing factor to its situation is the high concentration of families with children, leading to comparatively larger social expenditure.<ref>[http://www.asukasomistajat.com/content/pdf/Kuntakonsernianalyysi-Vantaa.pdf Vantaan kuntakonsernianalyysi 2005], Bo-Erik Ekström 28.10.2005.</ref> According to the former mayor Juhani Paajanen, the worst expenditures have ended, and the city's gains are increasing.<ref>[http://www.vantaanlauri.fi/arkisto/2006/2006-01-12/ajankohtaista/Kaupunkien_yhdistaminen] {{Webarchive|url=https://web.archive.org/web/20121215015328/http://www.vantaanlauri.fi/arkisto/2006/2006-01-12/ajankohtaista/Kaupunkien_yhdistaminen|date=2012-12-15}}</ref>

On a nation-wide perspective, Vantaa has a high level of tax income, but in perspective of the capital region, the tax income of Vantaa is lower than those of Espoo and Helsinki. The state subsidy system and its stabilisation of tax income based on a nation-wide comparison have been seen as problematic because of special challenges of the cities in the capital region and because of constant rapid growth.

The municipal tax in Vantaa is 19.00%, which is clearly below the average in Finland and one of the lowest in the large cities.<ref name="valkama">Valkama, Pekka: [https://www.hel.fi/hel2/tietokeskus/julkaisut/pdf/17_04_25_Tyopapereita_5_Valkama.pdf Suurten kaupunkien vuoden 2016 tilinpäätöskooste], information centre of the city of Helsinki. Accessed on 27 September 2017.</ref> The last time Vantaa raised its municipal tax was in 2010. The state of Finland has raised the lower limit of the property tax because of new legislation.

In a comparison of characteristic figures of large cities Vantaa has developed positively in the latest years. In regard to municipal concerns and financing various investments, the differences in loan amounts in the cities have balanced out.<ref name="valkama"/> In the early 2000s over half of the city's debt consisted of rental apartments owned by the city (managed by the company VAV Asunnot Oy). On the other hand, the city ended up in a crisis mainly because it had made large investments in its own balance with borrowed money. The city has hardly sold any of its property in the early 2000s.<ref>Ekström, Bo-Erik; Board & Management Services Oy: [http://www.asukasomistajat.com/content/pdf/Kuntakonsernianalyysi-Vantaa.pdf Vantaan kuntakonsernianalyysi 2005], Asukasomistajat 28 October 2005.</ref>

===Jobs and industry===
[[File:Juna Lentoaseman rautatieasemalla.jpg|thumb|left|The [[Ring Rail Line]] provides a railway connection to the airport.]]
[[File:FinaviaHQVantaa.jpg|thumb|right|The head office of Finavia at the [[Helsinki Airport]].]]
[[File:Pöyry hdqtrs.jpg|thumb|right|The head office of Pöyry in [[Martinlaakso]].]]
Because of good traffic connections, Vantaa has a large amount of food, HVAC and machinery industry as well as businesses. There are industrial areas along the Ring III beltway, particularly near the airport and in the neighbouring districts of [[Viinikkala]], [[Veromies]], [[Pakkala]] and [[Koivuhaka]] as well as in [[Hakkila, Vantaa|Hakkila]], connected to the main railway line by a branch terminal line. The [[Aviapolis]] area has developed around the airport, containing many businesses in logistics and high technology. In 2000 74.6% of the jobs in the city were in services, 23.8% in refinery and only 0.5% in agriculture. In 2001 the rate of self-sufficiency in jobs in Vantaa had risen to 97.1%. In the 2000s the number of jobs in Vantaa had grown by about 15%.{{citation needed|date=October 2022}}

Of those employed, two thirds are in the [[private sector]]. The most common industries in Vantaa include the [[Food industry|food]], [[Building services engineering|architectural engineering]], and [[Machine industry|machine]] industries. In 2007, the unemployment rate was 6.3%.

Companies that have their headquarters in Vantaa (at the [[Helsinki Airport]], in [[Aviapolis]]) include [[Finnair]], [[Finavia]] and [[Nordic Regional Airlines]].<ref name="finavia">[http://www.finavia.fi/about_finavia/contact]  {{Webarchive|url=https://web.archive.org/web/20100217011959/http://www.finavia.fi/about_finavia/contact|date=2010-02-17}}</ref><ref name="airfinland">"[http://www.airfinland.fi/oy_air_finland_ltd_in_english/ Oy Air Finland Ltd in English] {{Webarchive|url=https://web.archive.org/web/20120625210504/http://www.airfinland.fi/oy_air_finland_ltd_in_english/ |date=2012-06-25 }}." [[Air Finland]]. Retrieved on 25 February 2010.</ref><ref name="blue1">{{cite web|url=http://www.blue1.com/Tiedostot/privacypolicy.pdf|title=Edulliset Lennot ja Lentoliput – Hae ja Varaa Lennot - SAS|website=Blue1.com|access-date=24 December 2017|archive-url=https://web.archive.org/web/20120310072751/http://www.blue1.com/Tiedostot/privacypolicy.pdf|archive-date=10 March 2012|url-status=dead}}</ref><ref>"[http://flynorra.com/about-us/?lang=en About Us] {{Webarchive|url=https://web.archive.org/web/20230929102942/https://flynorra.com/about-us/?lang=en |date=2023-09-29 }}." [[Nordic Regional Airlines]]. Retrieved on October 25, 2016. "Nordic Regional Airlines Oy Öljykuja 2, 01530 Vantaa, Finland"</ref> Companies with headquarters in Vantaa outside of Aviapolis include [[R-kioski]], [[Tikkurila Oyj]], [[Veikkaus|Veikkaus Oy]], and [[Metsähallitus]]. [[Fujifilm]] Finland has its headquarters in Vantaa.<ref>[https://web.archive.org/web/19961223155800/http://www.fuji.fi/ Home]. Fujifilm Finland. 23 December 1996. Retrieved on 28 April 2019. "Fuji Finland Oy Niittytie 27 A, 01300 Vantaa"</ref>

An interesting future possibility for Vantaa and for the entire capital region comes from the [[Ring Rail Line]], which allows for significant increase in the number of apartments and jobs and provides a direct rail connection from the main railway line to the [[Helsinki Airport]]. The Ring Rail Line required an investment of over one hundred million euro from Vantaa. The city of Helsinki had been proposing the idea of joining the municipalities in the capital region, in order to better develop the area, for decades. The cities of Vantaa, Espoo and Kauniainen have rejected this idea each time, although Vantaa has done so a bit more slowly than the others. The municipal and city managers of Vantaa have repeatedly rejected Helsinki's proposal fearing Vantaa would become a "backyard" of Helsinki. Helsinki has been expanding towards Vantaa throughout the 20th century, including the great annexation in 1946 and the annexation of [[Vuosaari]] in 1966. Through the annexation of [[Östersundom]] in [[Sipoo]] and the [[Länsimäki|Västerkulla]] wedge to Helsinki in 2009, Vantaa lost its only connection to the sea, becoming the second-largest inland city in the Nordic countries, after [[Tampere]].