Standard Owner Benchmark - CINDE

CINDE (Coalición Costarricense de Iniciativas de Desarrollo) is an organization based in Costa Rica that promotes investment, exports, and job creation in the country. CINDE acts as Costa Rica's investment promotion agency and works closely with businesses and the government to attract foreign direct investment (FDI) and facilitate the expansion of existing companies.

Here are some key points about CINDE:

-Investment Promotion: CINDE's primary role is to promote Costa Rica as an attractive investment destination. It actively markets the country's business-friendly environment, skilled workforce, political stability, and infrastructure to international companies looking to establish operations or expand their presence in Costa Rica.

-Targeted Sectors: CINDE focuses on attracting investment in sectors such as advanced manufacturing, life sciences, clean technologies, information and communication technologies (ICT), services, and agribusiness. It identifies and targets companies within these sectors that align with Costa Rica's strategic development goals.

-Investment Services: CINDE provides a range of services to potential investors and companies already operating in Costa Rica. These services include customized investment information, assistance in site selection, facilitation of permits and licenses, access to business networks, and support in workforce development.

-Collaboration with Government: CINDE works closely with various government entities to streamline investment processes and create a favorable business environment. It collaborates with institutions such as the Ministry of Foreign Trade, Ministry of Labor, Ministry of Finance, and local governments to ensure smooth operations and support for investors.

-Economic and Social Development: By attracting foreign investment, CINDE aims to contribute to Costa Rica's economic growth and job creation. The organization seeks investments that generate high-quality employment, promote technology transfer, foster innovation, and have positive social and environmental impacts.

CINDE has played a significant role in positioning Costa Rica as a competitive destination for foreign investment, helping to diversify the country's economy and drive sustainable development. Its efforts have contributed to the establishment of numerous multinational companies and the growth of key industries in Costa Rica.