Yangzhou unveils supportive policies for small and micro enterprises

2017年11月22日 17:06:34 | 来源:江苏国际频道

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  The city of Yangzhou has unveiled a slew of supportive policies, taxation services and talent-oriented services to spark the enthusiasm of the small and micro enterprises in their endeavors for innovation and entrepreneurship.

  Hu Yanbang, founder of Mountain Tiger Technology Ltd, has reeled out of the hardships after undergoing transformations to develop his startup into a hi-tech firm engaged in mapping and satellite remote sensing which provides the data for the making of simulation maps.

  His company now hires 280 workers with its annual turnover climbing to 60 million yuan, thanks to the policy support from the local government.

  In recent years, authorities in Yangzhou have set aside 150 million yuan of directive fund to support small and micro enterprises in their endeavors for innovation and entrepreneurship with 247 million yuan of varied subsidies distributed last year.

  In the meantime, the city authorities waived 528,000 yuan of taxation for the small and micro enterprises.

  Up to now, the loan granted to newly-launched small and micro enterprises added up to about 2.4 billion yuan with 1.55 billion yuan of small sum startup loan granted during the period to help nearly 400 small and micro enterprises in the materialization of their business ventures.  

  Yangzhou now registers 321,000 small and micro corporate units, accounting for 91.4% of the city’s total. More than 200,000 small and micro enterprises were launched in the first ten months of this year. The city is now the province’s only city in the national demonstration list of innovation and entrepreneurship for small and micro enterprises.

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