Chongqing identifies 10 more small business entrepreneurial bases

Ten small business entrepreneurial bases, including Hechuan Fishing Town Small Business Entrepreneurial Base, were identified as municipal-level small business venture bases, according to Chongqing Administration for Development and Guidance of Small and Medium-Sized Enterprises on July 31, 2012. Each base is to receive financial subsidies and support.

Since 2005, Chongqing identifies a batch of small business entrepreneurial bases each year. So far, there are 139 municipal small business entrepreneurial bases, with 5,835 enterprises settling down as well as 315,000 employees.

In the meantime, Chongqing strengthened the support toward the small business entrepreneurial bases. The supporting funds is expected to reach 20 million yuan in 2012, 16 million yuan more than last year.

This year Chongqing aims to identify 15 more small business entrepreneurial bases and embrace 500 more enterprises and 20,000 employees, including16,000 migrant workers.

Deng Jun