Guian New Area enterprises thrive thanks to commercial incentives

Finding the ideal spot to set up shop for companies is no easy task, as Kairuijia Electronic Technology Co Ltd discovered when trying to find a space recently. After extensively researching opportunities in cities like Guiyang, Kaili and Zunyi and finding nothing that suited them, they finally opted to use Guian New Area as a base of operations.

"The company decided to settle in Guian New Area due to favorable local conditions," explains Yang Xiaojun, general manager of Kairuijia Electronic Technology Co Ltd. "For example, here our company gets free rent for the first three years and half rent for the fourth and fifth year."

In recent years, Guian New Area has ramped up efforts to optimize the local business environment, support entrepreneurship, attract investment, simplify administration and help local industry thrive.

In 2018 alone, 36 new projects have been brought into Guian New Area, including Apple's data center, with a total value of 5.29 billion yuan (around $76 million). Seventeen projects are currently underway, 18 projects are ready to begin and discussions are nearing a close for a further 16 with a total investment of 7 billion yuan.

According to analysts, renowned institutions for engineering research and key state laboratories in Guian New Area can receive cash incentives of up to 5 million yuan, high technology enterprises can receive 6 million yuan as an initial fund and enterprises registered in Guian can claim 12 million yuan after the company goes public. Efforts are also being made to support talent working for Guian companies with residential assistance, schooling for children and research funds.

Moving forward, Guian New Area is aiming to continue to improve the local business environment and digital administration, creating more efficient services and attracting further investment.