Goyang City Holds Deliberation Committee Meeting for Small and Medium Enterprise Development Fund

Exploring Synergy Strategies Between Venture Business Promotion Zones and 'Business-Friendly Cities'

Goyang Special City held the "2024 2nd Goyang City Small and Medium Business Development Fund Deliberation Committee" on the 22nd.

Goyang Special City, Gyeonggi Province (Mayor Lee Dong-hwan) announced on the 24th that it held the '2nd Goyang City Small and Medium Business Development Fund Deliberation Committee Meeting for 2024' on the 22nd.

Established in 1998, the Goyang City Small and Medium Business Development Fund aims to promote the growth and stable management of small and medium-sized enterprises within the city.

At the meeting, based on the performance analysis of the 2023 fiscal year, the committee reviewed the '2025 Goyang City Small and Medium Business Development Fund Plan (draft)' and checked the achievements and future plans of fund operation projects such as the 'Goyang City Small and Medium Business Working Capital Interest Differential Subsidy Project' and the 'Venture and Youth Enterprise Fund Operation Project.'

Additionally, regarding the city's designation on the 11th as the 'first venture business promotion district in northern Gyeonggi,' the committee listened to opinions on expanding the support targets, establishing additional support, and raising loan limits for the 2025 Goyang City Small and Medium Business Working Capital Interest Differential Subsidy Project to create synergy under the slogan 'Goyang, a city good for businesses.'

A city official stated, "The designation as a venture business promotion district has become a signal for the decision of the Goyang Free Economic Zone," adding, "We will not only discover new policies but also reorganize existing business support policies to solidify our position as a venture business promotion district."

Meanwhile, the area designated as the venture business promotion district covers a total of 1.25 million square meters, including Daehwa-dong, Janghang-dong, Beopgot-dong, Siksa-dong, Baekseok-dong, Hwajeon-dong, Dongsan-dong, and Wonheung-dong. Within the district, those who acquire or use real estate can receive tax benefits such as a 50% reduction in property tax and acquisition tax.

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