Mayor Cheng Outlines Taoyuan’s Strengths as an Investment Site

In an Amcham Taipei special luncheon at the Regent Taipei, Taoyuan Mayor Cheng Wen-tsan highlighted his city’s strongpoints as an investment location for Taiwanese businesses returning from China. He noted that many Taiwanese enterprises on the mainland, impacted by the ongoing trade war between Washington and Beijing, are considering changes in their business plans. What they ultimately decide to do will be shaped largely by the nature of their business.

Cheng made the case that Taoyuan is a particularly attractive area for two types of operations: R&D centers and logistics. He said that an R&D center in Taoyuan would cost just half as much as one in Taipei, but Taoyuan is close enough to Taipei for young engineers to feel comfortable living and working there. The presence of the Taoyuan International Airport and proximity to the Port of Taipei provide strong transportation advantages for logistics companies.

The mayor also outlined the efforts his administration is making to alleviate the “Five Shortages” currently Taiwan as a whole: land, water, power, professional talent, and labor. For example, he cited the seven new industrial parks under development and the city’s program to create a more favorable living environment for foreign talent.

From left to right: AmCham President William Foreman; Taoyuan Mayor Cheng Wen-tsan; AmCham Governor Paulus Mok, Chairman of Citibank; and Governor Daniel Tseng, President, Corning Display Technologies Taiwan.

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