31 August 2012

Japanese Subsidy Program to Promote Regional Headquarters or R&D Site Location in Japan

San Francisco - 31 August 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 to sustain and strengthen high-value-added business sites in Japan and 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 accepteduntil noon, Monday, November 19, 2012 (Japan time).

For details of the new program and application guidelines, please visit our website: www.jetro.org/subsidy2012

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. Its 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. 

Source: JETRO San Francisco