Investing in Japan
Regional Information Okayama
“Sunny land Okayama,” with superior business environment and less risk of natural disaster
Your Regional Guide : Tomoyuki Shiose
|
Enterprise and Investment Promotion Division
2-4-6 Uchisange, Kita-ku, Okayama-City, Okayama Prefecture 700-8570 |
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 |
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| Land price(for 1m²) *5 |
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| 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
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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.
|
| 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.
|
| 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.
|
| 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.
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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
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Okayama Prefecture Industrial Promotion Foundation: “Okayama Industrial Support Network” Company Information Navigation
The database offers comprehensive information on industries in Okayama Prefecture. Users can search for company information offered by the foundation by sector in 50 Japanese syllabic format.
