Strategically located in the center of South America and in the largest consumer hub in Brazil, Minas Gerais is the second major exporter state, has an area extension larger than France and comprises the 3rd largest industrial GDP in Brazil.
Minas Gerais represents the third largest economy in the country, and is the second state which exports the most. Over the last 10 years, Minas Gerais GDP had a better growth than the States of São Paulo and Rio de Janeiro. In adition to that, the cost of living is, approximately, 27% lower than average on those states.
The metropolitan area of Belo Horizonte, the capital of Minas Gerais, has the 5th largest industrial region of Latin America.
The program makes fixed or mixed investment funding available, regarding implementation, expansion, modernization, readjustment or reactivation of ventures in the state which are affected by international finance crisis.
As a unique working capital funding, the program purpose is to promote market development of products similar to the ones manufactures in an industrial unit to be implemented in the state of Minas Gerais.
Regarding working capital, aiming to support maturing and consolidation of ventures, the program supports machine and equipment manufacturing, their capital goods companies accessories and service performance components.
Ensures finance conditions suitable to perform long maturation projects integrated to agricultural and indusfinancetrial ventures already implemented or under the implementation phase in Minas Gerais.
Minas Gerais Government, through the Minas Gerais Economical Development Company– CODEMIG - offers urbanized lots with a complete infrastructure, which include electricity, internal paved roads, water, sewage systems and landlines.
PróInovação funding has been designed through a FAPEMIG/BDMG partnership, aiming to support development projects, focusing on product innovation, processes and services of companies in order to improve quality, pioneering or competitiveness increase in the market and also, a higher productivity.
The purpose of this program is to keep companies which present or develop ventures of strategic important for expansion or modernization of productive chains or their local productive accruals.