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The Northeast becomes Brazil's new industrial hub in 2024, leading job creation and attracting billions in investments.
Silent revolution in the sector Brazilian industrialist! While the country faces economic challenges, the Northeast makes an impressive leap, positioning itself as the region that contributes most to industrial growth in Brazil in 2024.
This new scenario is boosting the local economy, creating opportunities for thousands of workers and an unprecedented injection of capital.
Every day, the Northeast region gains space, showing surprising strength by attracting the majority of industrial investments and generating almost half of the jobs in the sector.
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But what is the secret behind this overwhelming expansion? What is driving this transformation?
Record growth and job creation in the industrial sector
According to General Register of Employed and Unemployed Persons (Caged), in September 2024, the Northeast led the creation of jobs in the industry, with 42,4% of new jobs created in the sector across the country.
This percentage is higher than that of regions such as the Southeast, which had 37,8%, and the South, with 9,9%, consolidating the Northeast as the engine of Brazilian industrial growth.
To scale this advance, the industrial sector created 405.493 jobs between January and September 2024, an increase in 75,5% compared to the same period in 2023.
Caged highlights that this performance reflects the success of incentive policies and government programs that foster industrial development in the region.
Incentive policies boost first job
The current scenario is especially promising for young professionals.
Programs like MOVER, Accelerated Depreciation and the Reiq (Special Regime for the Chemical Industry) have played an essential role in attracting young people between 18 and 24 years old to the job market.
According to Caged, 57,4% of new vacancies in 2024 were filled by young people in this age group, offering an important incentive for the first job.
This inclusion of young workers boosts the economy and strengthens the sector's productive base, which represents one of the essential factors for the continued growth of the industry in the Northeast.
Trillion-dollar investments transform the Brazilian industrial sector
Another crucial factor for industrial development in the Northeast and other regions is the volume of investments planned for the coming years.
According to industry sources, total investment in Brazilian industry is expected to reach BRL 1,6 trillion, ranging from civil construction to high-tech areas, such as the semiconductor industry.
The main sectors benefiting include:
- Construction: with investments of BRL 1,06 trillion, boosting infrastructure and job creation.
- Automotive sector: with a contribution of $ 130 billion, focused on the modernization of factories and low environmental impact technologies.
- Food industry: will invest $ 120 billion, meeting the growing domestic and export demand.
- Paper And Cellulose: the sector will receive $ 105 billion, with the aim of expanding and adopting sustainable practices.
- Semiconductors and electronics: with an investment of $ 100 billion, Brazil seeks to reduce its dependence on imported technological components.
These contributions are essential for the modernization and expansion of the country's industry, impacting not only economic growth but also the development of new technologies.
Northeast: a strategic hub for the future of industry
Investments in the Northeast are strategic and follow the global trend of decentralization of large industrial hubs, previously concentrated in richer regions.
The choice of the Northeast is seen as a bet on the region's capacity to offer young and qualified labor, as well as an increasingly favorable environment for economic growth.
With the expansion of infrastructure, the region has become more accessible to industries and investors, which contributes to the development of a robust industrial environment.
The presence of large companies and investments in the electricity and telecommunications sector also reinforce this position.
The state and federal governments have joined forces to provide a stable and attractive environment for investors, standing out in the implementation of tax policies that encourage the growth of new businesses.
What to expect from the future of industry in Brazil?
Given these numbers and projections, the industrial scenario in Brazil, especially in the Northeast, is promising.
A job creation and the modernization of industries indicate that the sector tends to grow in the coming years, reducing regional inequalities and offering opportunities on a large scale.
The movement of billions in investments, combined with the creation of thousands of jobs, demonstrates that the country is preparing to compete in increasingly sophisticated and strategic sectors.
If this growth rate continues, the Northeast could consolidate itself as the new industrial heart of Brazil.
After all, what will be the long-term impact of this transformation in the Northeast? Could the region surpass other areas of Brazil in industrial productivity and become a reference for the country?
God bless the Northeast
This article is a joke. You believe that the Northeast is a “single” state. We are 9 federative units, and the article does not make it clear where this investment is being made, where so many jobs are being created. It is worth mentioning that the Northeast is not a gated community; the three main cities in the region, namely SALVADOR, RECIFE, and FORTALEZA, are hundreds and hundreds of kilometers apart. Therefore, I think it is prudent that when you write about the Northeast, you first learn about our geography. The article does not fulfill its role of informing; it only creates more doubt about what you wrote.
Bolsomínios don't understand geography. They don't know what the regions of Brazil are. In fact, they don't understand anything at all... lol
****, the report is about the region and not about the specific state or city!! In the case in question, the Northeast region.