The Guiyang Economic and Technological Development Zone (GETDZ) in Guiyang, capital of Southwest China's Guizhou province, recently implemented incentives for the zone to encourage industrial enterprises to increase production and efficiency during the Spring Festival and the first quarter of 2022.
A magnificent view of GETDZ [Photo/ddcpc website]
According to the rules, enterprises applying for the incentives must be industrial enterprises above a designated size – those with annual output value of 20 million yuan ($3.14 million) or more – with industrial and commercial registration, tax registration and statistical relations with GETDZ.
Also, the total industrial output value of single-family enterprises from January to March 2022 must achieve a year-on-year increase of 25 percent or more at current prices.
Enterprises that meet the aforementioned conditions with a total industrial output value of 20-100 million yuan, 100 million yuan to 1 billion yuan, or more than 1 billion yuan, can apply for incentives of 50,000 to 100,000 yuan, 100,000 to 250,000 yuan, or 250,000 to 500,000 yuan, respectively.
The deadline for the application is April 15.