Songpa-gu Fully Activates Comprehensive Support System for Revitalizing Local Economy...Details?

Job and Business Support, 43 Projects in 5 Areas Including Small Business and Fair Economy... Operation of Task Force to Address Regional Economic Downturn Due to Prolonged COVID-19

[Asia Economy Reporter Jong-il Park] Songpa-gu (Mayor Park Seong-su) is strengthening the '2021 Local Economy Revitalization Support Measures' to respond to the local economic downturn caused by the spread of COVID-19.

According to the support measures, the district will promote 43 government and Seoul city-linked projects and Songpa-gu customized measures in five areas: job and small business support, small business and fair economy support, local tourism, rapid execution of public finances and livelihood economy support, and tax support.

First, in job and small business support, economic stimulus measures such as ?expansion of public jobs ?interest-free loans for small business owners and small and medium enterprises ?employment incentives for unemployed youth ?employment retention subsidies for unpaid leave workers in small businesses and small business owners ?support projects for market development of small and medium enterprises will be implemented.

In the small business and fair economy sector, various small business support policies will be promoted through ?disaster relief funds for small business owners ?support projects for kind landlords ?Our Neighborhood Store Artterior support ?smart supermarket cultivation, etc.

Also, to revitalize local commercial districts, ?designation of alley-type shopping districts ?issuance of Songpa Love Gift Certificates (local currency) will be carried out, and to activate traditional market management, ?support for online order and delivery services ?traditional market events to restore weakened consumer sentiment will be held.

In the local tourism sector, while focusing on strengthening quarantine measures such as ?regular inspection of tourism businesses and support for quarantine supplies ?operation of quarantine-safe accommodations, plans to promote local commercial districts through ?holding tourism activation events suitable for the With-Corona era ?promotion of untact tourist destinations will be pursued.

In the consumption and investment sector, ?rapid execution of public finances will be used to promote local economic recovery, ?Songpa-type disaster relief funds will be provided to help vulnerable groups affected by COVID-19. Tax support such as extension of local tax filing and payment deadlines and collection deferrals will also be provided to affected companies and small business owners, aiming to respond swiftly to restore the local economy as quickly as possible.

Mayor Park Seong-su emphasized, “Since the establishment of the local economy support task force in February last year, we have been continuously monitoring the progress,” adding, “We will spare no effort in discovering additional projects and various policy efforts to minimize the contraction of the local economy caused by COVID-19.”

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