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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 November 2017.

Basic Information

Population *1 1.95 million
Labor force *1 0.97 million
Area *2 7,010.0 km²
GDP *3 7,243,000 million yen
Major industries Petrochemicals, coal chemicals, transport equipment, chemical, steel and general machinery/tool
Wage *4
Initial wage for university graduates(Average)
193,200yen
Initial wage for college of technology/junior colledge graduates (Average)
172,100yen
Initial wage for upper secondery school graduates (Average)
158,300yen
Scheduled cash eanings (Average)
271,900yen
Land price(for 1m²) *5
Land price for industrial use (Average)
21,200yen
Land Price for Commercial Use (Average)
86,000yen
Number of Establishments *6 88,332
Number of Employees *6 884,932
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.

Port of Mizushima

Available incentives

There are a subsidies system for manufacturing/logistics businesses newly being established in public complexes and private properties, a subsidies system for companies concentrating their large-scale investment and manufacturing base from outside the prefecture to Okayama Prefecture, and a subsidies system for reinvestment by manufacturers operating within the prefecture.

Incentive name

Okayama Prefecture Subsidies System for Large-Scale Investment/Base Development Promotion

Incentive type Subsidies
Incentive target industries

Manufacturing industry, distribution industry, etc.

Outline of Incentives (Requirements etc.)

Subsidies are granted to companies implementing large-scale investment within the prefecture or concentrating manufacturing bases and other facilities from outside the prefecture.
[Major requirements]

  • Investment in manufacturing plants and laboratories
  • Investment of 5 billion yen or more and new employment of 20 people or more
Incentive name

New Okayama Prefecture Subsidies System for the Promotion of Attracting Companies

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 granted to companies constructing logistics warehouses, etc. within the prefecture.
[Major requirements]

  • Located within the prefectural complex or industrial complex operated by municipalities
Incentive name

Okayama Prefecture Subsidies System for the Promotion of the Opening of New Branches

Incentive type Subsidy
Incentive target industries

Unspecified

Outline of Incentives (Requirements etc.)

Subsidies are granted to companies newly opening branches within the prefecture.
[Major requirements]

  • Operating for three years or more after incorporation, and continuously operating business for profit for the last three years
  • Registers branches and shows this externally
  • Certain requirements on the amount of new employment
Incentive name

Okayama Prefecture Reinvestment Support Subsidies Program

Incentive type Subsidy
Incentive target industries

Manufacturing

Outline of Incentives (Requirements etc.)

Subsidies for manufacturers already located within the prefecture and with a history of ten years or more after the establishment of business base are granted when reinvesting.
[Major requirements]

  • Investment amount of 100 million yen or more
  • Productivity increasing by 10% or more

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.

Database of candidate partners