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Support Measures in accord with Iwate Prefectural Ordinance for Industrial Vitalization in Designated Areas
Various supports will be provided in case of new construction or expansion of exisiting plant in the designated areas.
Please contact us to find out whether areas of your interest are included in those designated areas.

Duration  From April 1, 2006 to March 31, 2016 
 Prefectural tax exemption
/differential taxation
 
Real-estate acquisiton tax  Exemption
Enterprise tax  3 year tax exemption followed by 50% relief for 2years
*Conditions: Acquisition cost of depricable assets > 50 million yen
5 new employees  
 Major subsidies No upper limit
*The amount depends on the size of investment and number of new employees 
 Financing Up to 2 billion yen 
 Municipal aid Exemption for fixed asset tax or subsidy
*Conditions vary by municipality 


Corporate Location Promotion Subsidy
Financing based on municipal ordinances for new or expanded plants

Conditions     Location Factory-suitable sites, agriculture-industry parks, prefectural or other industrial parks  
Eligible business Manufacturing, software and etc. 
Fixed asset invetment
/New employees  
New plant  More than 50 million yen / More than 10 new employees
expansion  More than 100 million yen / More than 10 new employees
Expansion in Kitakami River Valley Area is excluded.
Eligible costs Land purchase, preparation, plant construction, machinery and equipment acquisition costs and etc.   
Subsidies Up to 3/10 of eligible costs and up to 300 million yen per a plant
*Up to 1/10 in Kitakami River Valley Area   
Note  The municipal mayor's designation must be received before the plant construction commences. 


Business Promotion Loans
Financing from Iwate Prefecture for new or expanded plants

Eligible Business New plant Business with a total investment > 100 million yen (within 3 years if the investment plan exceeds 3 years) and starting operation within 3 years after the decision of the investment 
Expansion Business with a total investment > 100 million yen (within 3 years if the investment plan exceeds 3 years) and starting operation within 3 years after the decision of the investment with more than 10 additional employees
Eligible business Manufacturing, Software, Information service, Engineering and etc. 
Eligible costs  Land purchase, preparation, plant construction, machinery and equipment acquisition costs and etc.  
Duration/Interest  Within 10 years (< 3 years deferred) : @1.8 % per annum
Within 15 years (< 3 years deferred) : @2.0 % per annum 
Conditions  Up to 80% of investment per a plant and up to 300 million yen 
*Designated banks may have more conditions.