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Investment plan to stimulate business expansion unveiled

Date Posted: 2001-12-13

The Okinawa Development Finance Corporation has announced a program to invest up to 50 percent of capital outlay for companies seeking to expand into new ventures starting in 2002. The program is aimed at businesses with 100 million or less in capital. In order to qualify for the investment, the firm must have an innovative management team, offer to create a large number of local job opportunities and employ new technology in research and development of new products. Since investment carries more risk than regular financing, the corporation is gearing up for its new program by trying to attract new talent from fields other than those from which it normally draws staff.

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