Investing in Japan
Regional Information Wakayama
Wakayama, providing optimum location and support for companies responsible for the growth of the next generation
Your Regional Guide : Kazuhiko Tsuji
1-1 Komatsubara-dori, Wakayama-city, Wakayama Prefecture 640-8585
- 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.
|Population *1||1 million|
|Labor force *1||0.48 million|
|Area *2||4,726.0 km²|
|GDP *3||3,579,000 million yen|
|Major industries||Petroleum, chemicals, steel, machinery, food products|
|Land price(for 1m²) *5||
|Number of Establishments *6||51,459|
|Number of Employees *6||420,219|
Strength of the region's industries and economy
Leading the way through the 21st century with unique, state-of-the-art technologies>
Wakayama is home to numerous companies pioneering the way into new fields with world-class technologies that have earned lion shares of markets in Japan and around the world.
Wakayama has a number of local industries that are striving to build on their traditional technologies and add new values to them for the modern age
Up to 10 billion yen---Wakayama offers one of Japan's most generous recruitment packages
Wakayama prefecture has beefed up its business recruitment package. Under the new deal, companies that build, buy, lease or extend new facilities (that fall into eligible categories) in Wakayama Prefecture will be eligible to receive aid equivalent to 10-30% of the fixed assets invested in, excluding the cost of purchasing of land in accordance with the size of the property and the business investment in the prefecture. These companies are also eligible to receive 300,000 -500,000 yen per person (for three years ) as a financial aid covering the cost of new local employment.
- Related Link
- Industrial location guide: Wakayama Prefecture A world-class location for world-class Business