For a time, the factory owners present grew even more excited.
With the market in place, the raw materials secured, plus the latest technology and the backing of insurance companies for investments, this business was bound to succeed!
Of course, Joseph was well aware that, excited as these people were, when it came time to actually invest their livres, the vast majority would still hold back until someone who took the risk made money. Only then would they follow suit into the market.
Therefore, Joseph proceeded to throw out an incentive scheme, "To encourage everyone to use new technology, factories that invest in automatic looms within three months will enjoy a 50% tax reduction policy for three years. Those who invest within five months will enjoy a 35% tax discount."
"In addition, for investors short on funds, the Precision Machinery Factory can also provide rental services. With just two thousand livres, one can lease an automatic loom for a year."
