How can I justify myself as a Magnate if I don't indulge myself?-Chapter 522 - 239 Venting Anger Towards the Leader_2

"We plan to base the project on the Wuchang Lake waterfront and create a water park, linking it with the surrounding holiday towns.

The precise investment amount is currently hard to determine, but initial estimates indicate that it should not be less than 30 million."

Having said this, the Director of the Bureau of Culture and Tourism's face instantly broke into a smile.

He had already seen the project in the investment proposal and now, hearing from Lu Chuan that the minimum investment wouldn't be less than 30 million, he nearly laughed out loud, barely containing his amusement as he directed a grateful glance towards Gu Heng.

But at that moment, Gu Heng's mind was elsewhere, still contemplating how to handle the Lin Ran situation, and he didn't notice the expression of the Director of the Bureau of Culture and Tourism at all.

For him, an investment of tens of millions...

Truly, it was less significant than the prospect of Lin Ran becoming uncontrollable.

"As for the manufacturing industry...

We hope that the local government of Wanghu County can allocate a piece of land to us, IDE Capital.

Our company's current investment focus is on the new energy industry, a substantial physical industry. According to our General Manager's current suggestion, we need at least three new energy battery factories capable of research and development.

After completing our research, we feel Wanghu County holds significant transportation and population advantages.

These advantages are enough to justify building our factory here.

Regarding the construction of this new energy battery factory, we are still in the investigation stage. However, once determined, even if only the smallest of the three planned factory areas were built in Wanghu County, the investment would not be less than 1 billion."

Upon hearing this, everyone became excited.

Even Zhang Yongbing, who had sat at the head of the table with a calm expression throughout, felt the same.

The figure of 1 billion for factory construction was already enough to make them wildly joyful, but what thrilled them even more was that the factory to be built would produce new energy batteries!

What is a new energy battery?

Pure high-tech!

Typically, such high-tech companies are all taken up by the big cities.

For instance, why has Ba Dou, the capital of Hui Province, developed so quickly? On one hand, it has received a lot of support; on the other hand, it's because of large companies like Chang'an Automobile, Midea, and Jing Dongfang building factories there, creating a vast number of job opportunities and an entire business district, which has in turn driven up property values and led to a series of economic developments.

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They certainly couldn't expect to reach the level of Ba Dou, but even just a fraction of Ba Dou's benefits would be enough to develop the small Wanghu County.

Zhang Yongbing immediately settled on his idea.

He must secure IDE Capital.

Then, speaking up directly, he said, "I can make a decision on this matter. Regarding your company's wish to build a factory in our Wanghu County, our county government can prioritize this investment!

No matter where your company wants to build the factory, we can cooperate!

I won't hide it from Mr. Gu or Mr. Lu, but there had been plans to build an economic development zone in Wanghu County in the past few years. However, the plan was shelved due to various reasons. If your company is willing to build the factory here in Wanghu County, then we can put the economic development zone plan back on the agenda.

We will use your factory as the foundation and offer all the best policies to your company!"

Listening to Zhang Yongbing's words, Gu Heng shook his head helplessly and then said, "Mr. Zhang, let me put it bluntly.

In terms of the factory construction plan, we initially planned to build in Hang City, Shanghai, and Jingcheng. However, due to personal reasons of mine, I have decided to construct the factory in Wanghu County.

After I issued this command, our company's General Manager and Head of Investment called me over a dozen times a day, trying to persuade me to abandon this idea.

They said that although building a factory in Wanghu would reduce the cost of land and labor, other costs would increase exponentially, such as the freight cost of materials etc..."

Zhang Yongbing knew that Gu Heng was now about to talk terms, so he nodded and said, "Mr. Gu, just speak frankly. You are an entrepreneur who started out in Wanghu County; we're all family here, there's no need for beating around the bush.

Whatever difficulties you have, just say them out loud, and our county government will solve them for you."

Gu Heng nodded slightly, "Since Mr. Zhang wants me to speak frankly, then I will speak frankly."

To support the development of my hometown and incur additional costs is actually of no concern to me; after all, as long as our fellow villagers in Wanghu County can live well, I don't mind taking a bit of a loss.

But while it's fine for me to take a loss, the employees under my company each have families to care for. If the company's performance isn't good, their income will be reduced.

So, I hope Mr. Zhang can lean a little in our favor policy-wise.

I've learned that new high-tech enterprises enjoy a three-year tax reduction period, but I hope to extend that to five years and change the tax reduction to tax exemption. After the five-year tax exemption period, an additional ten years of tax reduction should follow, lowering the corporate tax from 25% to 10%."

Mr. Gu's opening demand left the group of leaders completely stunned...

The tax revenue from a company worth billions landing there, even if only in the testing phase, would be substantial...

A tax reduction was one thing, but tax exemption?

And for five years straight?

Does that mean Wanghu County won't receive any tax revenue for the next five years and will be unable to use IDE capital's investment to reciprocate in other industries?

Was this a joke?

Seeing the leaders below already furrowing their brows, Zhang Yongbing helplessly shook his head with a smile, "Mr. Gu, regarding the tax issue, we can discuss it further later on. But not to mention five years of tax exemption, which is almost impossible, even if it weren't, the Wanghu County government doesn't have the authority to make that decision, right?

Such a big issue may not even be decided by the city, and likely, the province will have to make the decision."

But Gu Heng remained indifferent and spoke again, "Mr. Zhang, I'll have Mr. Lu send you the comparison of the benefits of setting up a factory in Wanghu versus Shanghai later. The data shows that the short-term losses are negligible, perhaps less than a billion, but the long-term losses are substantial, possibly even exceeding the investment in the factory!

Shanghai's municipal government has also offered us a lot of policy benefits. If it's just about a tax reduction, why would we bother going the extra mile to avoid the more convenient Shanghai and run to our county to set up a factory?

To be frank, I can afford to take a loss, I can accept losing several billion for the development of my hometown.

But I cannot accept taking all the losses.

Surely, I can't be bringing hundreds of employees from my company who slave away exhaustingly, busily attending to everything, only to end up without any benefits in the end?

Plainly put, this is a business investment, not a charitable one.

If it really were about charity, why would I go through such trouble? Or bother with building a factory? I could just donate five billion outright and give a little to all of the 450,000 people in the county, which would mean over a thousand yuan per person, right, leaders?"

Gu Heng's words were sharp...

But Zhang Yongbin always felt like he had heard this somewhere before...

But there wasn't time for him to dwell on it, as Zhang Yongbing quickly said, "Mr. Gu, I understand your plight, but we really can't meet this request. The provincial and city governments would never allow us to mess around like this. If we do this today and other counties follow suit tomorrow to attract investments, wouldn't that create chaos?"

Gu Heng had been harboring frustration these past days; he couldn't take it out on his mother at home.

Now that he had caught an opportunity, could Gu Heng not vent this destructive energy?

Subsequently, Gu Heng stood up, unbuttoning his collar button, and spoke with a bit of coldness in his voice, "I'll repeat my earlier point, this is a business investment, not a charitable one.

To support the construction of our hometown, our company has already prepared for a loss on our budget, so I think Mr. Zhang should also try to recuperate some of the losses for our company.

Moreover, such tax exemption policies have precedents all over the country and are not too much to ask.

Once the factory is up and running, we will provide over 2,000 direct job positions and tens of thousands of indirect ones, which would bring significant development to Wanghu County as I'm sure you, leaders, understand very well.

This is the bottom line for our company's factory negotiation. If we cannot agree on this bottom line, I think the cooperation discussion about factory investment can be shelved for a while.

However, this won't affect our other tourism business and the five other small and medium-sized investment cooperatives; those investments can continue."

Watching the silent expressions of the leaders, Gu Heng finally felt a bit more comfortable...

No wonder his previous boss liked to scold him; it really does release stress to reprimand someone...

Especially when that someone is the majority of the leaders in a county...