Ningbo ramps up support for emerging industries
- Details
- Category: Ningbo News
- Published: Wednesday, 19 May 2021 13:59
Ningbo, East China's Zhejiang province, recently rolled out a guideline to bolster the development of emerging industries and strategic emerging industries in key fields.
The new policies primarily target small and medium-sized enterprises from the city, according to the Ningbo municipal development and reform commission.
More incentives will be put in place to encourage enterprises to extend the industrial chain and improve its resilience.
Companies that excel in industrial chain extension or the improvement of their products' added value will be entitled to a government subsidy of up to 2 million yuan ($307,692). The company should also meet the requirements such as being included in the city's