Pernambuco will have R$ 603 million in projects for 2017.
Pernambuco managed to attract R$ 1,8 billion in investment this year through a reduction in ICMS (Value-Added Tax), granted through the Pernambuco State Development Program (Prodepe); this amount is three times greater than the revenue generated last year. The revenue already includes the more than R$ 603 million in investment from industrial projects approved at the last meeting of the year of the State Council for Industrial, Commercial and Service Policy (Condic), chaired by the Secretary of Economic Development of Pernambuco, Thiago Norões. In total, 39 new projects will receive incentives for the installation or expansion of production capacity in the state starting next year and will generate 1.559 jobs.
Pernambuco 247 - Pernambuco managed to attract R$ 1,8 billion in investment this year, through the reduction in the Tax on Circulation of Goods and Services (ICMS), granted through the Pernambuco State Development Program (Prodepe). The amount is three times greater than that billed last year. The revenue already includes the more than R$ 603 million in investment from industrial projects approved this Wednesday (21), at the last meeting of the year of the State Council for Industrial, Commercial and Services Policy (Condic). In total, 39 new projects will receive incentives for the installation or expansion of productive capacity in the state from next year and will generate 1.559 jobs.
"Thanks to the large businesses that have established themselves here, such as Baterias Moura, we were able to survive the economic storm of this year that is coming to an end," stated the president of Condic and Secretary of Economic Development of Pernambuco, Thiago Norões.
Among the largest employers are companies such as Aché Laboratórios, Akross Representações e Comércio, Personnalite Paper Indústria e Comércio de Papéis, and Quality Processos, which together account for 1.070 direct jobs.
The projects were approved in the areas of industry, import and distribution, and cover the municipalities of Cabo de Santo Agostinho, Recife, Abreu e Lima, Caruaru, Vitória de Santo Antão, Venturosa, Paulista, Iati, Escada, Paranatama, Camaragibe, Caruaru and Ipojuca.
In the industrial sector, the highlights are Biosintética Farmacêutica, Indústria e Beneficiamento de Cereais Gostosinho Eireli, Nortis Farmacêutica, and Thermo Print Etiquetas e Rótulos. The projected annual incentives are approximately R$ 339 million, an amount allocated for the production of raw materials.