R$ 2.8 Billion Investments in Paraná Will Create 15,000 Jobs in 2023, Thanks to State Government’s Tax Incentive Program

Paraná Government Announces Investments of R$ 2.8 Billion for 2023 Thanks to the Treasury Department Program.

Through the tax incentive offered by the program, 36 new processes from companies planning to install or expand units in the state have been approved. This investment will generate 15,000 direct and indirect jobs.

One of the main investments announced is the new factory of Horsch do Brasil, inaugurated in the Industrial City of Curitiba, with a investment of R$ 565 million. The new headquarters of the company will initially produce planters and sprayers and, subsequently, other equipment aimed at agriculture. Additionally, the new factory will generate 498 new direct jobs and thousands of other indirect jobs.

Paraná Competitive Program

The Paraná Competitive Program, aimed at encouraging new investments and expanding industrial activities, has already contributed R$ 25 billion to the state’s GDP through new plants corresponding to 235 implementation and/or expansion projects of business units since 2019.

To attract these companies to the state, the Paraná government offers tax incentives, temporary differentiated tax treatments, and assesses infrastructure, foreign trade, deregulation, and professional training. All to make the state more attractive for new investments and generate more jobs.

The process of granting tax incentives follows a technical evaluation conducted by Invest Paraná, which considers priorities such as the type of investment, economic sector, number of jobs generated, economic, social, and environmental impacts, productive chain densification, and degree of innovation. Once evaluated and approved, the process goes to the treasury analysis, which grants or denies the incentives, along with timeline and grace periods.

Investments for Job Generation

According to the Secretary of the Treasury of Paraná, Renê Garcia Júnior, it is very important to provide mechanisms that can attract companies with investment potential for job generation, an area where Paraná is a reference. “We continue to invest in infrastructure and attract business contributions so that Paraná becomes a major industrial hub, growing in the national scenario and positively impacting society as a whole,” he asserts.

Furthermore, the CEO of Horsch do Brasil, Rodrigo Duck, emphasizes that Paraná is a state that stands out in agribusiness and offers advantages in logistics, structure, supplier networks, in addition to a differentiated tax treatment. This facilitates the decision to establish the factory in the state.

With the new investments, Paraná stands out on the country’s investment map, generating economic and social benefits for the region and for Brazil as a whole. This proves that the tax incentives offered by the state government are fundamental to stimulate the economy and generate jobs and income in the state.