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Taiwan government to reduce science park management fees by up to 50%

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.

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