Falun has a diversified business landscape with a mix of manufacturing, education, healthcare and the public sector. Dalarna University, with its campus in Falun, contributes skills supply and research connections to the business community. The city has successfully transformed its economy from mining to knowledge-intensive activities and tourism, while traditional industry still plays an important role.

Falun Municipality offers good municipal services with a wide range of schools, healthcare, social services and cultural and leisure activities. Falun Hospital is Dalarna's largest emergency hospital, serving a large part of the county. The municipality combines urban life with proximity to mountains, forests and ski facilities, creating an attractive living environment with a high quality of life.

Falun invests in sustainable urban development with a focus on strengthening the city centre and developing attractive living environments. The municipality works to improve infrastructure and create conditions for new housing and commercial activities. Investments in Dalarna University and the tourism industry strengthen Falun's position as a knowledge-intensive city with strong connections to nature and cultural heritage.