Beijing E-Town recently rolled out a series of substantial measures to promote the productive service industry. Fast-growing enterprises will receive support based on the first quarter and annual revenue increments, with a maximum annual support of 5 million yuan ($705,120.5).

These measures encourage technology service enterprises to achieve a 12 percent increase in operating income in the first quarter of 2024. 

Support will be provided based on 0.8 percent of the first-quarter's operating income increment, with a maximum of 1 million yuan. 

For enterprises with annual operating income below 100 million yuan, achieving 12 percent growth, support will be given based on 0.5 percent of the operating income increment. For enterprises with annual operating income of 100 million yuan or above, achieving 8 percent growth, support will be provided based on 0.5% of the operating income increment, with a maximum of 2 million yuan for the entire year.

In the information service industry, these measures encourage enterprises to achieve a 20 percent increase in operating income in the first quarter of 2024. 

Support will be provided based on 1.5 percent of the first-quarter's operating income increment, with a maximum of 2 million yuan. 

For enterprises with an annual operating income below 500 million yuan, achieving 20 percent growth, support will be given based on 1 percent of the operating income increment. For enterprises with annual operating income of 500 million yuan or above, achieving 20 percent growth, support will be provided based on 1.2 percent of the operating income increment, with a maximum of 5 million yuan for the entire year.

The head of MCC Capital Engineering & Research Incorporation Limited stated that in 2024, the company hopes to use this policy as a guide to promote new attempts in central-local cooperation in various fields. 

They will expand technical services in various application areas, allocate their own innovative resources, and collaborate with relevant partners to overcome technological bottlenecks in key links of the industrial chain.

A view of MCC Capital Engineering & Research Incorporation Limited [Photo/beijingetown.com.cn]

"The supportive policies introduced by Beijing E-Town can alleviate the contradiction between the rapid development of enterprises and the shortage of resources to a certain extent." stated the head of Beijing Zhimeng Xintong Technology Co.

In addition, these measures will also provide certain rewards for eligible leasing and business service enterprises and newly added information service enterprises in the year 2024.