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Top or urgently needed talents working in the headquarter enterprises may enjoy cash rewards and house purchasing subsidies. For those starting up a business in the Park, the SIP grants business development funds, loan support, and various subsidies covering rent, housing, and R&D.
This article will explain the above policies. It also highlights some noteworthy information about the SIP’s special measures to facilitate foreign talents’ entry and exit as well as work and life in Suzhou.
Support for manufacturing industry
The Suzhou Industrial Park focuses on developing six major industries, officially called the ‘2+3+1 industrial layout’. They are:
Two pillar industries – new generation information technology (NGIT) and high-end equipment manufacturing.