“Cisco buys in to Skolkovo” (“Cisco vlozhitsya v Skolkovo”), Ekspert Online, 24 June 2010. 24 June 2010 http://www.expert.ru/news/2010/06/24/cisco/.
Announcement of Cisco’s plans to invest 1 mil. dollars in Russian technological development. Cisco will furnish its own material and intellectual capital. No mention was made regarding land capital.
Meshcherskaya, Elizabeta. “President names a head of Skolkovo” (“Prezident vozglavil Skolkovo”), Chastnii Korrespondent, 19 June 2010. 15 July 2010 http://www.chaskor.ru/article/prezident_vozglavil_skolkovo_18037.
Report on Medvedev’s formation of the management company of Skolkovo. It was also mentioned that in addition the preparatory legislation for Skolkovo’s creation, now going through the federal Duma, that plans have been made to formulate the participating investing companies’ rights to land nearer to September.
Ozerova, Marina. “Field of dreams in a country of innovators” (“Pole chudes v strane innovatorov”), Moskovskiy Komsomolets, 25366, 2 June 2010. 15 July 2010 http://www.mk.ru/economics/article/2010/06/01/502106-pole-chudes-v-strane-innovatorov.html
Summary of legislation introduced to Duma by Medvedev regarding the management organization of Skolkovo. The now state-owned lands of the new “technopolis” will be handed over into the ownership of a president-appointed “management company;” however, the company will not be allowed to sell the land, only rent it to participating investors. These investors (tech giants like Google, Microsoft, Nokia, Siemens, etc.) are expected to receive huge tax breaks and which will not be expected to pay any taxes for their first ten years of operations if certain profit levels are not met. These exemptions will also include exemptions from property and land taxes.