#12018 Japan-American Governors Forum Presentation International Investment Environment in Ibaraki Prefecture 2018. AUG. 27 (Mon) Governor of Ibaraki Prefecture - Kazuhiko Oigawa Ibaraki Prefectural Government IBARAKI#2Introduction to Ibaraki Prefecture General Statistics (As of October 1st, 2017) Item Population Land Area Number Note 2.892 Million 6,097km 11th in Japan 24th in Japan 3,975km 4th in Japan ●Broad Industry Base Inhabitable Area ◆ Agriculture - • Agricultural output is ranked 2nd in Japan following Hokkaido, 490.3 Billion Yen. Manufacturing, High-tech and Material Robot industry in Tsukuba - Hitachi, global electronic company, has major factories and R&D center in IBARAKI - The Kashima coastal industrial area is a center for heavy and petrochemical industries such as Nippon Steel & Sumitomo Metal Ibaraki Prefectural Government ම IBARAKI Aerial photo of Hokota city Kashima Seaside Industrial Zone 1#3Five Reasons to Establish an R&D Site in Ibaraki Prefecture 1 Easy access to Tokyo, and to Narita International Airport · 45 minutes by Tsukuba Express to Tokyo from Tsukuba. IBARAKI 55 minutes by expressway to Narita International Airport from Tsukuba. • Established network of expressway 100km Tochigi Prefecture Joban Expressway ●Hitachi Ibaraki Port Hitachi District J-PARC Mito Hitachinaka District 2 An ideal environment for R&D 2 3 4 5 A reasonable start-up costs and running costs 4 High-quality of life and convenient living A sufficient support system Tachikawa Machida Sakakaga IC-Tsu Tsukuba (Scheduled opening by pre cus 50km Metropolitan inter-city Expressway Tohoku Expressway Saitama Prefecture Tokyo Tokyo Metrop Aki bara Tok Mount Tsukuba Tsukuba + Ibaraki Airport Higashi-Kanto Expressway Mite Route Tsukuba Express (TX) Chiba Prefecture Chiba New Town Narital NRT Tokyo-Gaikan Expressway + Narita nation Airport Higashi-Kanto Expressway Chiba City Tokyo International Airport (Haneda) Ibaraki Prefectural Government Oarai District Kashima Port 2#4An ideal environment for R&D ~Tsukuba Science City~ 01/3 of national research institution is located here Concentration of highly skilled personnel (as of 2017 June) Researchers Ph.D. holders 20,758 7,995 Foreign researchers 7,277 © IBARAKI OG20 (2019) Trade and Digital Economy Ministerial meeting Ibaraki Prefectural Government 3#5An ideal environment for R&D ~ Birthplace of World's Endless Innovations ~ 3 Research Corporations * in Tsukuba are Designated National Research and Development Agency (2016, Oct. 1st) •National Institute of Advanced Industrial Science and Technology (AIST) •RIKEN (Science and research institute) •National Institute for Material Science (NIMS) Designated International Strategic Zone zones designated by the national government in 2011 ①Legislative support (easing regulations) ②Taxation support measures (corporate taxexemption) ③Fiscal support measures (prioritized in national budget) ④Financial support measures (assistance in funding) - one of 7 Ibaraki Prefectural Government ම IBARAKI Prof. Sankai, University of Tsukuba / CYBERDYNE Inc. THAL® for Lower Limb] CYBERDYNE Inc. 4#6A Sufficient Support System and Incentives ●Investment promotional activities 1 Seminar for Foreign Companies [Ibaraki Foreign Investment Promotion Conference] was hosted under the cooperation of administrative, JETRO, research organizations, support organizations, universities and finance institution. 2 PR and one stop portal service •Providing general information through portal site ⚫Marketing activities OThe top sales (2018. Feb) (Right) Ibaraki Foreign Investment Seminar (Bottom right) Visit to the prefectural government by prospective incoming foreign business Accepting requests for investigating tour, PR, prefecture visits and counselling services from foreign businesses considering new establishment. 3 Benefits for foreign businesses setting up in Ibaraki Prefecture ①Establishment fund subsidy (Within 50%, up to 2 million yen) ②R&D expenses subsidy (Within 25%, up to 2 million yen) ③Rent subsidy (Within 50%, up to 2.4 million yen) IBARAKI Ibaraki Prefectural Government 5#7A Sufficient Support System and Incentives 2 ම IBARAKI ●Subsidy for headquarter relocation (max 5 billion yen) To promote innovations in the field of AI or IoT research facilities and headquarter offices. ○ Prefectural Tax Exemptions Prefectural tax (corporate enterprise tax and real estate acquisition tax) exemptions for companies constructing new factories within the prefecture. 50% Exemption on Industrial Water rates Companies that are subjects to new establishments within the designated areas in the prefecture may benefit from the 50% exemption of Industrial Water rates. Ibaraki Prefectural Government 6#8Thank you very much for your attention! Ibaraki Prefectural Government ම IBARAKI 7