Act no. 72/2000 defines investment incentives as:
income tax reductions,
the transfer of technically equipped premises for a reduced price,
material support for the creation of new jobs,
material support for the training or retraining of employees,
the transfer of land classified as agricultural land, and the transfer of other types of land.
The purpose of these incentives is to support the launch or expansion of production in the manufacturing industry and projects in the area of business support services and technology centres.
In addition to investment incentives provided by the Czech Government, there area number of regional incentives designed to encourage a pro-active approach to job creation. This is a summary of provisions ensuring the maximum possible employment level. The active employment policy is organised by the Ministry of Labour and Social Affairs and Labour Offices; according to the labour market situation they cooperate with other subjects during the implementation.
The City of Ostrava (through the Department of Economic Development) is ready to assist in decision-making when it comes to the implementation of investments in the city.