The Jones dos Santos Neves Institute (IJSN) presented, this Tuesday (09), the portfolio of "Announced and Completed Investments for Espírito Santo", for the period 2019-2024. The report brings together public and private projects with individual value equal to or greater than R$1 million. The event, broadcast by the IJSN channel on YouTube, was attended by secretaries of State and the executive manager of the Educational and Industrial Development Institute of Espírito Santo (Ideies), Marilia Silva.

According to the survey, investments in the order of R$ 45.4 billion are planned, distributed in 726 projects in all the micro-regions of Espírito Santo. The highlight goes to the Large Sector of Industry, which absorbed 92.5% of the investments announced, according to the National Classification of Economic Activities (CNAE/IBGE). The document also presents the completed projects, which totaled BRL 2.9 billion between the years 2019 and 2020, gathered in 216 projects across the state.

The Secretary of State for Economy and Planning, Álvaro Duboc, pointed out as decisive factors for the success in Espírito Santo, an efficient fiscal management, since 2012, and institutional stability in the Executive's relationship with other public institutions, the productive sector and society providing a favorable environment for attracting investments and contributing to highlight the State in the national scenario.

Duboc mentioned, among the Government's strategic investments, mobility projects in the Metropolitan Region, such as the Portal do Príncipe, the expansion of the Third Bridge, the implementation of the Waterway System, in addition to actions in the sanitation area, which also benefit the population of the interior of the State.

In this sense, the secretary highlighted the Government's directive to promote the development of the State. He explained that action plans have been drawn up for the micro-regions of Espírito Santo, under the Sustainable Regional Development Project (DRS-ES), aimed at reducing inequalities and integrated regional development in a balanced and sustainable manner in Espírito Santo.

The Secretary of State for Innovation and Development, Tyago Hoffmann, highlighted that the Espírito Santo economic scenario is promising. “The State Government has a strong work focused on the economy and we are already reaping the rewards. At the Department of Innovation and Development, we are dedicated to the qualification of labor, through the Qualificar ES program, science, innovation and also to attracting enterprises”, he pointed out.

Hoffmann continued: “Cacau Show and WEG recently announced investments totaling nearly R$300 million in Linhares. Together, the companies will generate 460 jobs. This year, we followed about 10 announcements of new projects from companies that arrive in the State or are in Espírito Santo territory and will be expanded. In addition to these news, in recent days another good news has been the extension until 2032 of the validity of tax incentives, such as Invest-ES and Compete-ES, which make us even more competitive with other states. The Espírito Santo Investment Panel will be another tool for the population to follow the evolution and growth of the State.”

The CEO of the Jones dos Santos Neves Institute (IJSN), Daniel Cerqueira, highlighted the difficulties imposed by the new Coronavirus pandemic (Covid-19) and the importance of balanced and transparent management in overcoming challenges and attracting investments.

“We have gone through a dramatic period in history, accompanied, unfortunately, by misinformation and fake news. In Espírito Santo, thanks to the serious leadership of Governor Renato Casagrande, who led this moment with dialogue and integration between institutions, academia, business and other sectors of society, we were able to overcome these challenges. With responsibility and transparency, the State did better than the other units of the federation in several aspects. And these are preponderant factors in attracting investments and promoting development”, explained Daniel Cerqueira.

For the Director of Integration at IJSN, Pablo Lira, Espírito Santo has a unique condition, which is the promotion of economic and sustainable development. “We have mechanisms that demonstrate the solidity of public policies, such as the Sovereign Fund. There are many conditions that attract investors and strengthen the state's economy”, said Pablo Lira.

“Espírito Santo has a great advantage which is the synergy between the institutions. We are at an advanced stage, which is the pact for results, where goals, agreements and partnerships are established to generate positive externalities. Espirito Santo is a state that plans, that talks, and this is essential to create this favorable environment for promoting business”, argued the executive manager of Ideies, Marilia Silva.

Origin of capital 

Of the amount announced for the period 2019-2024, 58.2% comes from the Private National capital, which corresponds to R$26.4 billion, earmarked for projects linked, in particular, to road transport, civil construction, port terminals, electricity and the food industry. Foreign capital represents 19.3% (R$ 8.8 billion), with projects in the area of oil and gas, port terminals and cargo handling.

Public investment represents 16.8% of the capital employed in Espírito Santo for the period. The sum of R$7.6 billion is distributed among 520 projects, which results in an average value of R$14.7 million per project. The highlights go to improving urban and rural road mobility, sanitation, housing, health, education and public safety.

Regional development 

Based on the regional distribution of the 726 projects planned, the study shows that most are located in the coastal regions of the State, such as the Metropolitan (303 projects), Rio Doce (91 projects), South Coast (53 projects) and Northeast micro-regions. (61 projects). This represents R$42.7 billion in investments announced in Espírito Santo territory, or around 94% of the total.

In relation to other micro-regions, the planned investments, largely in infrastructure projects, originate in public capital and are, according to the evaluation of the research organizers, essential to create a favorable scenario for regional development in the interior of the State.

Investments in ES Panel 

The Investments in Espírito Santo Panel was also launched at the presentation of the 2019-2024 Investment Booklet. The proposal is to facilitate access to the data collected in the study, allowing the user to obtain, in a transparent way, information on the values announced and concluded by period, by municipality and by micro-region. The tool also allows queries such as participation by capital origin, by projects and also by sector, according to CNAE 2.0.

Access to the Espírito Santo Investments Panel can be done by clicking here.

The complete document, with the analysis of the Coordination of Economic Studies of the IJSN, can be accessed here.