Incentive

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.