Digitimes reports the Taiwanese government is lowering the management fees of the science parks by 50%. According to Digitimes:
In order to help the local high-tech sector deal with an ongoing economic crisis, the Taiwan government has decided to lower management fees at the three science parks by up to 50%, according to market sources.
The sources indicated that science park management fee will be reduced for a year starting January 2009, with official details being announced soon by the National Science Council (NSC).
In the Southern Taiwan Science Park (STSP), each company used to pay NT$1.9 per every NT$1,000 in sales the company has each month. The new rates will be NT$0.95 per NT$1,000, the sources noted.
However, companies at the science parks had been requesting a reduction in both management fees and rent. The NSC, worried about the science parks' financial health, decided to first introduce a reduction in management fee, the sources added.
Taiwan's science parks have for a long time been the crucible of innovation in Taiwan. Many companies have opened up shop in these science parks and the government in this way has created areas with clusters of technology company. The government in Taiwan has also been at the forefront of driving the technology industry in one way or another so its good to see them getting involved and helping the companies out in this way.
Digitimes: Taiwan government to reduce science park management fees by up to 50%
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