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Regional Information Okayama

“Sunny land Okayama,” with superior business environment and less risk of natural disaster

Your Regional Guide : Tomoyuki Shiose

  • Inquires about investment in Japan.

Enterprise and Investment Promotion DivisionExternal site: a new window will open.

2-4-6 Uchisange, Kita-ku, Okayama-City, Okayama Prefecture 700-8570
Tel: +81-86-226-7374 Fax: +81-86-225-3449   
kiyuu@pref.okayama.lg.jp

Okayama

  • If you can't find the information you need, please contact JETRO .
  • Please note that inquires not regarding investment in Japan may not be answered.

The information below is as of January 2017.

Basic Information

Population *1 1.92 million
Labor force *1 0.93 million
Area *2 7,114.5 km²
GDP *3 7,273,433 million yen
Major industries Petrochemicals, coal chemicals, transport equipment, chemical, steel and general machinery/tool
Wage *4
Initial wage for university graduates(Average)
196,300yen
Initial wage for college of technology/junior colledge graduates (Average)
171,300yen
Initial wage for upper secondery school graduates (Average)
160,300yen
Scheduled cash eanings (Average)
280,800yen
Land price(for 1m²) *5
Land price for industrial use (Average)
20,900yen
Land Price for Commercial Use (Average)
88,600yen
Number of Establishments *6 85,833
Number of Employees *6 805,627
JETRO office

JETRO Okayama

Regional Profile

Strength of the region's industries and economy

Outstanding industrial clusters in the manufacturing and other industries

Okayama Prefecture boasts the Mizushima Industrial District in Kurashiki City, where many large-scale companies with leading-edge technologies representing Japan in the petroleum, chemical, steel, and automobile industries have their production facilities. It has also developed nationally known local industries with advanced technologies and unique products, such as textile, refractory, and machinery/metal industries.

Available incentives

A subsidy program to finance the invested amount is provided for manufacturers and physical distribution companies to be newly located in public industrial parks or private land in the prefecture. In addition, subsidy programs for promoting the establishment of large-scale plants are provided for companies that have conducted large-scale investment, while other subsidy programs are provided for the companies that already have an office or a plant in Okayama Prefecture and intend to relocate production bases there from other prefecture.

Incentive name

Location Promotion Subsidy for Large Factories

Incentive type Subsidies
Incentive target industries

Manufacturing industry, distribution industry, etc.

Outline of Incentives (Requirements etc.)

Manufacturing industry
(Specified industries: New energy-related sectors, new-generation vehicles, aerospace-related sectors, food-related manufacturers)

Incentive name

Location Promotion Subsidy for Large Factories

Incentive type Subsidies
Incentive target industries

Manufacturing industry, research institutes, etc.

Outline of Incentives (Requirements etc.)

Subsidies are provided for those who construct factories in the prefecture (there are certain requirements) depending on the fixed-asset value of land and premises.

Incentive name

Invitation Promotion Subsidy for New Distribution Centers

Incentive type Subsidies
Incentive target industries

Distribution industry

Outline of Incentives (Requirements etc.)

Subsidies are provided for those who construct factories in the prefecture (there are certain requirements) depending on the fixed-asset value of land and premises.

Incentive name

Subsidy for Investment in Setting Up Mother Plant

Incentive type Subsidies
Incentive target industries

Manufacturing

Outline of Incentives (Requirements etc.)

Subsidy according to the total investment value under certain requirements, targeting manufacturing industries that have already established manufacturing bases in the prefecture and that intend to locate new bases there

Okayama Prefecture Industrial Promotion Foundation: This institution provides companies with comprehensive support for the development and improvement of management, funding, human resources, technology and information, etc. It also provides companies with support for developing sales channels and R&D efforts with support in collaboration with universities and other research institutions.

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