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Article: Hong Kong encourages social enterprises to run historic buildings
- Article from:
- Xinhua News Agency
- Article date:
- February 23, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Hong Kong encourages social enterprises to run historic buildings
HONG KONG, Feb. 22 (Xinhua) -- The Hong Kong Special
Administrative Region government on Friday asked non-profit
socialorganizations to propose social enterprises to run seven
historic buildings under a revitalization scheme.
Successful applicants would get government funding support, which
includes a grant to cover the cost of major renovation, and another
to meet the starting costs and operating deficits of the proposed
social enterprise for the first two years.
The grant to meet starting costs and deficits could be up to 5
million HK dollars (0.64 million U.S. dollars) for each of the
buildings under the pilot plan, said ...