ADVOCACY Minas Gerais
million) in credit for cooperatives, producers and companies in Minas Gerais agribusiness. This has allowed the sector to increase its efficiency in the field, further diversifying production and, at the same time, encouraging the creation of new companies able to add value to agricultural products. Just to provide an idea of all this potential, agribusiness is already responsible for 22% of Minas Gerais’ gross domestic product. To further leverage economic development, Minas Gerais invests in other sectors. One of them is Local Productive Arrangements: clusters of companies with the same production specialisation in a given municipality or region. They enable the expansion of production capacity for new technologies across several sectors, thereby increasing business opportunities throughout the state. There are already 70 LPAs in 339 municipalities in Minas Gerais, with more than 96,000 companies. In addition to the LPAs, the Minas Livre Para Crescer (Minas Gerais Free to Grow) programme has been streamlining the business environment to facilitate the creation of new companies. There are currently 462 municipalities with pro–economic freedom legislation, benefitting more than 11 million Minas Gerais residents and creating tax incentives for industry, foreign trade and wholesale trade, among others. These efforts to modernise the economy, besides attracting a record number of investments, have shown concrete results in improving the quality of life of the people of Minas Gerais. In recent years, more than 924,000 direct formal jobs have been created in the state, which is a historic milestone. Another point worth highlighting regarding socioeconomic development is the creation of Minas Reurb – Programa Mineiro de Integração e Regularização Territorial (Minas Gerais Programme for Territorial Integration and Regularisation). This programme aims to deliver property titles for urban settlements to thousands of Minas Gerais residents. Since its creation, more than 12,000 property titles have been delivered and another 57,951 premises have been made available for regularisation in the coming years. With the formalisation of premises, citizens now have access to basic sanitation, water and electricity. With a vibrant economy and increasingly
growing socio-economic development, Minas Gerais is being consolidated as a place with a friendly business environment, which is highly attractive to those looking to invest. And the state also has some very important advantages. Its location is privileged: it is in the economic centre of the country. Its population is 21 million inhabitants, which favours the acquisition of domestic consumers. And its logistics are excellent: Minas Gerais has the largest road network and the second-largest rail network, and is within a one-hour’s flight of 70% of the country’s gross domestic product. All of this is complemented by an increasing number of higher education institutions and educational institutions focusing on technical courses. This education network will produce new technologies, innovate and connect a qualified workforce to the demands of companies and the market as a whole. If you are looking to invest in a place with legal security and increasing investments in economic and social development and infrastructure, this is the place for you. Invest in Minas Gerais. Learn more at www.youtube.com/watch?v=FU8gwkrQ7n4
From top: Minas Gerais is investing in the next generation of researchers within the state Irrigation boosts productivity in crop generation in Minas Gerais
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globalgovernanceproject.org
2024 — G20 BRAZIL: THE RIO SUMMIT
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