Overview of the Tax Reduction Fund to Countermeasure Deindustrialization
In response to the urgent problem of deindustrialization, Aichi Prefectural
Government has announced a new subsidy program aiming at supporting the
establishment of manufacturing facilities and promoting research & development and
proving tests. This program will be an alternative measure to the reduction
of prefectural corporate tax and will be financed by a fund which will
accumulate about 5 billion yen every year, corresponding to 10% of the
annual amount of corporate tax.
*For more information: http://www.pref.aichi.jp/ricchitsusho/e/pdf/overview.pdf
- Supporting the establishment of manufacturing or R&D facilities
To support large-scale investments, Aichi Prefectural Government will reform the existing subsidy program to promote the establishment of manufacturing or R&D facilities of cutting-edge industries. With this reform, the government proposes to raise the subsidy limit from 1 billion yen to 10 billion yen. In addition, the government proposes to establish new subsidies aimed at supporting small and medium-scale investments by companies from other Japanese prefectures or overseas, as well as small and medium-scale reinvestments by companies which are already in the prefecture.
- Supporting R&Ds and proving tests
In order to maintain and further promote high-value added production in
the area, the prefecture will set up a new subsidy targeting R&D and
proving tests in expanding industrial fields such as aerospace, which was
selected as a target sector for the International Strategy Comprehensive
Zone, as well as the next generation vehicles, etc.
■Establishment of manufacturing or R&D facilities
Investment and Trade Division, Department of Industry and Labor, Aichi Prefectural Government
■R&D and Proving test
Industry and Science Technology Division,
Department of Industry and Labor, Aichi Prefectural Government
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