Bucheon-si, Implements 2nd Local Economic Revitalization Measures for Early Overcoming of COVID-19

7 Areas Including Business Stability for Vulnerable Groups and Small Businesses, Expansion of Public Jobs, and 67 Projects

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province is actively promoting a second comprehensive plan to revitalize the local economy in order to minimize economic damage caused by the prolonged COVID-19 pandemic and the resulting emergency situation in the livelihood economy.

According to the city on the 23rd, this comprehensive plan consists of 67 projects across 7 sectors led by Bucheon City and related organizations. It supports citizens' daily lives from creating a safe environment to fostering solidarity and cooperation, and is expected to serve as a catalyst for the recovery of the depressed local economy.

First, to ensure citizens can live with peace of mind, the city will implement seven safe environment projects including emergency support for infection prevention in school facilities, enhanced disinfection of public transportation-related facilities, creation of safe environments in traditional markets and logistics centers, and COVID-19 internet disinfection projects.

For companies and small business owners most severely affected by COVID-19, support will be provided to stabilize management through special guarantees for micro small business owners, support funds for small and medium-sized enterprises, reduction of traffic inducement charges, and exemption of management fees for companies residing in the Bucheon IoT Innovation Center.

More efforts will be made to stimulate consumption. The local currency, Bucheon Pay, will have its incentive rate specially increased to 10% until July and will be issued more widely. Parking enforcement in alleyway commercial districts will continue to be operated flexibly, with traditional markets planned to have a 24-hour grace period.

Additionally, 10 other projects will be promoted together, including mandatory closure of employee cafeterias every Friday and promotion of small-scale and non-face-to-face tourism.

The city is also pursuing property tax reductions for benevolent landlords who voluntarily reduce rent. Civic movement organizations plan to strengthen solidarity and cooperation by conducting public interest activities to overcome COVID-19, such as operating voluntary disinfection volunteer groups.

Furthermore, to ensure vulnerable groups are not left out, 18 support projects will be implemented, including temporary support for low-income families and child-rearing, incentives and extended working hours for senior job participants, tax support such as extension of local tax payment deadlines, and reduction of fees for the use and lease of public property.

In the administrative sector, the city plans to invigorate the local economy through 14 projects such as prompt execution of consumption and investment projects, priority purchase of local companies' products, shortening of qualification review periods for rapid contract execution, and advance payment of construction fees for large-scale projects.

Mayor Jang Deokcheon of Bucheon said, "Due to the impact of COVID-19, consumer sentiment has contracted, and the decline in the local economy has been prolonged," adding, "All departments should swiftly support damage recovery for a new leap forward and make every effort to prepare additional support measures across all sectors."

This content was produced with the assistance of AI translation services.