Financial support bolsters enterprise development
The Rudong Economic Development Zone in Nantong, East China’s Jiangsu province has been boosting the development of small and medium-sized enterprises by providing financial support in recent years.
This year, 11 local enterprises in the zone made the list of provincial-level specialized and sophisticated enterprises that produce new and unique products.
Located in the Rudong Economic Development Zone, Jiangsu Roda Electron Material Co Ltd is an outstanding high-tech enterprise that has made the list of national “little giant” enterprises.
The company specializes in producing copper-clad laminates that can be applied to communication equipment.
To encourage the enterprise to strengthen its research and development capabilities, the zone’s authorities have helped Roda apply for over 10 million yuan ($1.43 million) in financial support.
The enterprise has solved many technical difficulties and started mass production of high-efficient copper-clad laminates.
Perolo Jiangsu Engineering Technology Co Ltd is also an enterprise that has benefited from financial support provided by authorities.
The company has used the funds to buy high-precision equipment to improve the quality of its products, said Shu Xueyan, general manager of Perolo.
In recent years, authorities have provided financial subsidies worth over 20 million yuan to boost the development of local enterprises.
The zone is currently home to 13 provincial-level and 10 municipal-level highly specialized and sophisticated enterprises.
A worker tidies up in a factory of Jiangsu Roda Electron Material Co Ltd in Rudong. [Photo/WeChat account: rudongfb]