The special Xiangyu residential apartment block is one of the youth-friendly support facilities being provided by the Taixing High-tech Zone in Taixing – located in East China's Jiangsu province – making it a great place for young folks to start businesses and begin their careers.
It provides up to 14 days of free accommodation for graduates – including three years before and after graduation – who want to seek jobs in the city.
Full-time high-level talents who get employment in Taixing for the first time and pay social insurance can enjoy rental subsidies.
The subsidy amounts for junior college graduates, college graduates, postgraduates and doctoral graduates are 500 yuan ($68.77), 800 yuan, 1,500 yuan, and 2,000 yuan, respectively.
At present, Xiangyu has about 5,000 square meters of maker space and over 10,000 sq m of entrepreneurship incubation space. There are nearly 200 shared office workstations and meeting rooms, roadshow halls, live streaming rooms, as well as training classrooms of different sizes.