A panoramic view of the Taixing Huangqiao Economic Development Zone. [Photo/WeChat account: txfabu]
Four enterprises in the Taixing Huangqiao Economic Development Zone in Taixing, Jiangsu province, were recently included in this year's first technology-based small and medium-sized enterprise information database, which was recently released by the Jiangsu Provincial Department of Science and Technology.
The companies are Fengheng Garment Rinsing, Taixing Qinyi Musical Instrument, Taizhou Wanchuang Packaging Machinery Technology, and Taixing Haohua FL·Plastics.
These enterprises will benefit from favorable policies, including up to 100,000 yuan ($13,961) in subsidies for technological innovation each year and precise services in technology and finance.
In addition, losses that have not been fully compensated for in the five years prior to the year of qualification as a technology-based SME can be carried forward to future years for compensation, with the maximum carryover period extended from five years to 10 years.