SAN FRANCISCO, Aug. 31, 2012 (GLOBE NEWSWIRE) -- The Japan External Trade Organization (JETRO) is pleased to announce a new Japanese subsidy program targeting projects that promote a new Regional Headquarters or R &D site in Japan.
The key objectives of this program are (1) to sustain and strengthen high-value-added business sites in Japan and (2) to achieve sustainable growth of the Japanese economy. The program will support internationally-operated companies to establish new high-value-added sites in Japan such as Regional Headquarters or R &D Sites. Such establishments have been proven to have a significant impact on the Japanese economy. The program also aims at strategically and proactively inviting and building high-value-added business functions that match the strength of the Japanese economy.
Applicable Companies: Private enterprises whose group companies are operating actual business in more than one country, who have corporate status in Japan, and who establish a new site for Regional Headquarters or R &D in Japan.
Subsidized Costs: Survey design costs, facility costs, equipment costs and facility lease fee
Subsidy Rates: Up to one-half for SMEs; up to one-third for non-SMEs; up to two-thirds for those establishing a site in the disaster afflicted zones (Limit: 0.5 billion yen)
JETRO is the Secretariat for this subsidy program coordinated by the Ministry of Economy, Trade and Industry (METI). In the past, JETRO has adopted 15 projects of global companies to help their site establishment in Japan. U.S.-owned companies whose projects received the 2011 subsidy in Japan include:
NeoPhotonics Japan, Godo Kaisha: R &D, optical communication equipments
Nihon Cabot Microelectronics K.K.: R &D, materials for electronics component (abrasive)
3M Health Care Ltd.: R &D, healthcare products
The 2012 program was released on Tuesday, August 28, 2012. Applications will be accepted until noon, Monday, November 19, 2012 (Japan time).
For details of the new program and application guidelines, please visit our website: www.jetro.org/subsidy2012
Contacts
For any questions, please contact the nearest JETRO USA office (www.jetro.org/office_locations):
JETRO Atlanta (AMA@jetro.go.jp TEL:404-681-0600)
JETRO Chicago (Robert_Corder@jetro.go.jp TEL:312-832-6000 ext. 204)
JETRO Houston (Keith_Sanders@jetro.go.jp TEL:713-654-5258)
JETRO Los Angeles (Kristoffer_Miller@jetro.go.jp TEL:213-624-8855 ext. 119)
JETRO New York (Saori_Ezuka@jetro.go.jp TEL:212-819-7767)
JETRO San Francisco (Matt_Stephens@jetro.go.jp TEL:415-392-1333 ext. 223)
JETRO Toronto (inquiry@jetro.go.jp TEL:416-861-0000)
About JETRO USA (www.jetro.org)
The Japan External Trade Organization (JETRO) is a non-profit government related organization that promotes trade and investment between Japan and the rest of the world. Our six U.S. branches located in Atlanta, Chicago, Houston, Los Angeles, New York and San Francisco serve the following four main objectives: Help U.S. companies establish a Japan office, Help U.S. companies find Japanese business partners, Connect U.S. investors with cutting-edge Japanese technology ventures and Showcase premium Japanese goods.
This material is distributed by JETRO San Francisco on behalf of Japan External Trade Organization, Tokyo, Japan. Additional information is available at the Department of Justice, Washington, D.C.
The JETRO USA - Japan External Trade Organization logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14463
