Datong's incentive policies of high-end manufacturing sector

(chinadaily.com.cn) Updated: 2021-10-27

Incentives for major and key large-scale high-end manufacturing industry projects will be adjusted according to actual situations.

If the relevant policies issued by the Datong municipal government in the past are inconsistent with the below, the latter policies shall prevail.

1. For high-end manufacturing industrial projects, each with investment of more than 1 billion yuan ($156.64 million) in Datong, 10 million yuan will be awarded to each investor enterprise after the projects are completed and start production. 

2. After the introduced high-end manufacturing industry projects start operating in Datong, they will be awarded 100 percent of their tax contributions to Datong for the first five years and 50 percent of their tax contributions for the second five years. 

3. Enterprises that introduce projects – with an investment per mu (666.67 square meters) of more than 5 million yuan – to Datong's economic and technological development zones and various industrial parks will each be awarded 50,000 yuan per mu once the projects are completed. Those that introduce projects with an investment per mu of over 10 million yuan will each be awarded 100,000 yuan per mu. For Fortune Global 500 companies, China's top 100 or domestic top 20 enterprises in certain indsutries which have reached the above investment level, another 30,000 yuan per mu will be awarded to them. 

4. For high-end manufacturing incubation projects with an investment of over 1 billion yuan and with industrialized production in Datong, a one-time award of 10 million yuan will be given.

5. Datong's high-end manufacturers listed on the main board of stock exchanges will be given a one-time grant of 10 million yuan and those listed on the National Equities Exchange and Quotations board will be given 2 million yuan. 

6. A one-time award of 10 million yuan will be given to enterprises that have established national key laboratories, intelligent manufacturing centers, as well as engineering technology research centers; 10 million yuan will be awarded to national-level maker spaces and national technology business incubators; a one-time award of 1 million yuan will be given to companies that have established provincial technology centers. 

7. Enterprises that have received national and provincial industrial development support awards will be given financial support of a maximum of 5 million yuan and 3 million yuan respectively.

8. Introduced high-end export-oriented manufacturing enterprises with an annual export value of more than 300 million yuan will each receive a one-time award of 10 million yuan.

1 2 3 4 5