For 3 months, Rio Grande do Sul has had an address in the Avenida Faria Lima region, in São Paulo. There, a local headquarters of Invest RS was opened, an agency from Rio Grande do Sul that seeks to strengthen the state’s ties with investors, companies and entities and which is already reaping important (and superlative) fruits from this work. This Monday (20), the agency announced the milestone of R$7 billion in investments in 50 opportunities from 43 companies and organizations.
“We attribute these announcements, in fact, to years of work. What’s new now is that we are at another level of ‘packaging’ of shares. Now, Rio Grande do Sul has a ‘commercial area’, where we gather all the information to boost business”, says Eduardo Lorea, vice-president of Invest RS.
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Among the announcements is a project by the Tellescom Group, which foresees the installation of a semiconductor encapsulation factory with an initial investment estimated at around R$1 billion, with the first factory expected by 2027 and subsequent investments scheduled for 2028 and 2029. “Brazil wants to advance in the chip industry. Today, there are nine in the country and four of them are in RS. The biggest bottleneck for expanding operations is specialized labor. For Therefore, we have a training program for engineers specializing in semiconductors. This shows how investment in education attracts investment”, says Lorea.
Another large investment announced, in the order of R$ 3 billion, is in the ‘city of data centers’: the first industrial district of data centers in the country, in Eldorado do Sul. “In addition to the state having great energy availability, the state has the advantage of a lower average annual temperature than other regions of the country”, explains Lorea.
Ecosystem formation
With just over 1,470 startups in the state, more than 15,000 m² available for the installation of startups and companies were mapped in 11 science and technology parks in Rio Grande do Sul, with rental prices between R$13 and R$90/m². According to the entity, this consolidation of infrastructure data and occupancy conditions indicates the robustness of the environment for attracting investments and new businesses.
Another announcement included the Regional Development Bank of the Far South (BRDE), which is seeking a new cycle of contributions of up to R$50 million in four Participation Investment Funds (FIPs), scheduled for 2025 and 2026. The proposal should prioritize managers with experience in innovation and a focus on the South Region.
“Invest RS wants to double Rio Grande do Sul’s average GDP growth over the next ten years. One of the challenges of Brazil’s economic growth is increasing productivity. RS has a super traditional industry like Tramontina, Randon, Gerdau: companies that were born here, are multinationals and have gained productivity over time. They are very innovative. Now, we need this to also be true for the rest of our industrial profile”, says Lorea.
