Development and business: find out more!

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Espírito Santo has been experiencing a wave of good times in business, which increasingly increases the possibilities for investment in many sectors.

Find out more about this moment, which has a direct impact on regional development, generates opportunities and contributes to the state's economy!

Encouraging the creative economy
According to data from the Creative Economy Secretariat Plan of the Ministry of Culture, the participation of the creative sector achieved an average growth of more than 6% per year, representing 3% of the national GDP.

In November, Espírito Santo published in the Official Gazette a law that encourages the creative economy, with the central objective of encouraging the start of new ventures in the State, in addition to enhancing existing ones. The bill was authored by deputy Dr. Emilio Mameri (PSDB) and was sanctioned by governor Renato Casagrande.

The term “creative economy” refers to all activities that are capable of producing economic value through imagination. The categories include all those audit directors auditors email database processes that involve the production and distribution of products and services and that use creation and intellectual capital as productive resources.

The following sectors may be part of the creative economy:

Art;
Fashion;
Design;
Advertising;
Architecture;
Audio-visual;
Music;
Between others.
On the path to innovation
As if that were not enough, the Equity Investment Fund (FIP), a branch of Funses led by the Espírito Santo Development Bank (Bandes), has emerged as the largest venture capital fund in the country. At this initial stage, the FIP is providing a total of R$250 million and may reach up to R$500 million in resources.

With this new development, the State Government intends to attract new businesses. Capital will be allocated to companies that have projects invested in the State or throughout the national territory, as long as they have a tax headquarters here.

The FIP will focus on businesses, up to medium-sized, with main activity focused on innovation or improvement of the productive/social environment, in different sectors, such as:

Information and Communication Technology;
Nanotechnology;
Retail and E-Commerce;
Creative Economy;
Financial Services;
Digital Economy;
Environment;
Agribusiness;
Logistics;
Tourism and Leisure Economy.
There are also other entities that support and coordinate projects to improve productivity and innovation in industries in Espírito Santo, such as the Senai Innovation Institute .

Awesome, isn't it?

Read also: Innovation in ES: what is standing out

Profitable investment
And it doesn't stop there: the company Cacau Show will expand its chocolate production in Brazil, with operations expected to begin in January 2022.

The investment, of R$100 million, will be for the installation of its second factory, located in the Linhares region, in the North of the State of Espírito Santo.

The group is in the process of joining the Espírito Santo Investment Incentive Program (Invest – ES). Based on the incentive, the expected investment is approximately R$67 million.

According to the mayor of Linhares, Guerino Zanon (MDB), “Linhares is contributing to the generation of jobs and income for the people of Espírito Santo, attracting industries that add value to the products harvested by farmers in the state itself. The companies are industrializing the products cultivated and no longer considering them as commodities.”