UTC-05:00,Tuesday , September 17th 2019
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Chinese City Offers Rent Subsidies, Cash Rewards To Blockchain Businesses

03:12 Wednesday , June 12th 2019
Fuzhou city in China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry's growth, the state-run People's Daily reported on June 11.
The incentive is part of three measures designed to help the sector, and will enable companies to receive up to 600,000 yuan ($86,800) in relief on rent bills per year for three years.
Traditional companies will also be encouraged to build blockchain applications, and will be eligible to receive a 20% subsidy on the cost of their development. Projects that win awards for scientific and technological progress, or deliver transformation in Fuzhou, could be rewarded with a payment of up to 600,000 yuan.
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