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Latin America Investment News on Viva Tropical

Costa Rica Hopes New Policy Will Promote New Investment into Under Invested Areas.

Article Summary:

Costa Rican Coalition for Development Initiatives (Cinde) aims to increase development in six specific locations in the country: Puntarenas, Greece, Cartago, Heredia, Limón and San Ramon. The strategy stems from the reform of the Free Zones Act which came into force in January 2010, which was established to promote the attraction of foreign direct investment to less developed areas.

Photo Credit: El Financiero

Original Article Text From El Financiero via Google Translate :

Six Less Developed Communities Work to Attract Investment

In the first quarter of this year will begin the construction of a plastic pipe manufacturing plant to be located in Puntarenas, belonging to the Mexican capital. This is the first fruit of an action plan that includes attracting foreign investment to less developed areas.

In Puntarenas a ​​pilot program began and is now being implemented in Greece, Cartago, Heredia, Limón and San Ramon, said Gabriela Llobet, director of the Costa Rican Coalition for Development Initiatives (Cinde).

The strategy stems from the reform of the Free Zones Act which came into force in January 2010, which was established to promote the attraction of foreign direct investment to less developed areas.

The Ministry of Foreign Trade (COMEX) is the body responsible for issuing policy for this project and requested the support of Cinde and Trade Office (Procomer). Cinde prepared a “Guide to the attraction of foreign direct investment to less developed areas,” including a list of information about key aspects to be a potential venue for foreign investment drive.Once given the initial workshops where they present the Guide, each community must gather information from your area, as the state of infrastructure, utilities, transportation, labor, tax incentives, among others.

San Ramon and Lemon are two communities that already have work ahead. When you have prepared the figures, officials gather to evaluiate and identify those projects with the greatest potential to settle in the area. This step has already occurred in Puntarenas. The Mexican company that will build in this province Cinde asked not to reveal further details of the investment. The information can also lead to improvement plans local business climate.

Link to Original Article:

From El Fianciero

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