The Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) has rolled out 15 measures for the development of resident companies, under which 50 received support funds of over 34.76 million yuan ($4.91 million), according to local media reports on June 15.
Officials said that in response to the novel coronavirus epidemic, the Guiyang HIDZ -- located in Guiyang, capital city of Southwest China's Guizhou province, has made efforts to boost resident enterprises' development.
In accordance with 15 measures issued in May, 21 manufacturers above a designated size – those with annual revenue of 20 million yuan or more – received a total of 1.79 million yuan special fund for "encouraging large-scale industrial enterprises to speed up production".
Under another measure, a fund for "encouraging investment projects under construction to speed up construction", 15 projects received just over 1.62 million yuan.
Elsewhere, the zone has issued subsidy funding for 14 commerce, accommodation, catering, tourism, cultural and entertainment companies seriously affected by the epidemic totaling 60,000 yuan.
Since the zone extended the support funding in May for businesses registered in zone, preferential policies -- such as rewards, subsidies and guarantees -- have gradually been given, to reduce the pressure on the companies and help them tide over their difficulties.