At this moment, Hengelo is experiencing a period of economic growth, ranking the 16th nationwide. The unemployment rate is 7% and, although this doesn’t seem to reflect a sharp economic crisis, the recent economic downturn in Europe has adversely affected the city’s local sectors, including retail.
Hengelo is an industrial city, particularly good at technical and knowledge-intensive manufacturing. It is home to more than 5,000 multinational trade companies, innovative businesses, a variety of SME’s and institutions responsible for 47,000 jobs.
Hengelo has a rich and complete range of cultural facilities, which make it attractive for leisure and social activity: the Rabotheater. With its outstanding drama and opera agenda, the monumental Water Church, offers a stage for concerts and performances; and, the Poppodium metropolis offers a rich, alternative cultural agenda. The local music school attracts students from other cities in Twente and the Overijssel-province and is nationally known for its high quality level.