(National system) Tsunami & nuclear disaster area employment creation business siting subsidy

Business objective	Intended to activate local economies and create employment by supporting industries newly building or expanding factories, etc. targeting tsunami flood areas and part of the Fukushima Prefecture (excluding evacuation areas) that suffered particularly severe damage in the Great East Japan Earthquake.
Covered areas	Industrial parks, etc. designated by the national government in areas ① and ② on the map at top For details, contact the Investment Promotion Division of the Commerce, Industry and Labor Department, Fukushima Prefecture. TEL.: 024-521-8523
Covered facilities	(1) Factories, (2) Distribution facilities, (3) Testing and research facilities, (4) Facilities used for call centers and data centers, etc.
Covered costs	Land acquisition costs, land development costs, building acquisition costs, equipment costs ※Applicable costs shall be expenses genuinely necessary and appropriate for the purpose of executing relevant businesses.
Eligibility conditions	Number of new local employees corresponding to the amount of investment in fixed assets (see table at right) ○Investment planning without building acquisition is not eligible for a subsidy.
Proportion of grant	(1) Cities and towns severely damaged by the tsunami in map area ① at top Small/medium businesses: 1/2 -1/6 Large businesses: 1/3 -1/8 (2) Areas in map area ② at top Small/medium businesses: 1/3 - 1/8 Large businesses: 1/4 - 1/8
Subsidy upper limit	3 billion yen (5 billion yen for proposals particularly highly rated by a third-party committee in area ①)
Advance start	• In principle, the subsidized projects start after the grant decision is made. • As an exception, based on the aim of contribution for early revitalization from the disaster, if the secretariat approves as an exception because a big loss may occur due to the delay of order, purchase or contract before the grant decision resulting the loss of locating opportunity, advance start may be approved before the grant decision.
Implementation period	・After selection, subsidy applications must be submitted by the end of March 2024. ・Subsidized projects must be completed by the end of March 2026.

Hiring requirements

Capital outlay for fixed assets	Number of new local employment※1
30 million yen or more	2 people or more※2
50 million yen or more	3 people or more
100 million yen or more	5 people or more
1,000 million yen or more	10 people or more
2,000 million yen or more	20 people or more
3,000 million yen or more	30 people or more
4,000 million yen or more	40 people or more
5,000 million yen or more	50 people or more
6,000 million yen or more	60 people or more
7,000 million yen or more	70 people or more
8,000 million yen or more	80 people or more
9,000 million yen or more	90 people or more
10,000 million yen or more	100 people or more

※1 "New local employment" means:
(1)Among full-time employees that the subsidized company hires on the premise of working at the newly located factory after the day of grant decision, those who have an address and work in the prefecture where the factory is located when the subsidy is completed.
(2)Full-time employees who transfer their address from another prefecture to the prefecture where the factory is located to work in the factory which is newly located are also included.

For more information, please contact below.

●Mizuho Research & Technologies, Ltd.
Social Policy Consulting Division (office)

TEL.03-6826-8600

[Hours: 10:00-12:00, 13:00-17:00 (excluding weekends, holidays)]

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