MINAS GERAIS
STATE GOVERNMENT OF MINAS GERAIS Breno Batista Sardenberg Content Davyson Demmer
Revision
Breno Batista Sardenberg Ivan Pinto
Design
Lucas Rossi SimĂŁo Pedro Oliveira
INDI Minas Gerais Investment and Trade Promotion Agency December, 2020
Minas Gerais
Introduction
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Why Minas Gerais
In Minas Gerais, the mountains preserve not only natural riches, but also a creative capacity constantly explored. The state has a native ability in doing good business and gathers characteristics that allow ideas to become opportunities. Excellent teaching institutions guarantee knowledge development and its specialisation, fostering the ingenious spirit that fuels Minas. Here we build the future and enterprise. Here business thrives. Our people are able to cultivalte not only coffee, but also good and enduring relations. Articulation, networking and aliance-building are legacies of our gregarious manner. After being familiarized with Minas Gerais, it becomes clear that the treasures kept here are more than historical heritage cities or the flavour of our pão de queijo (Brazilian cheese bread): It is the combination of diverse elements and ingredients – as you are about to see in the next pages – that make Minas Gerais
Precious
5
Minas Gerais
6
Why Minas Gerais
7
Brazil
8
brazilian market
210 million inhabitants
Why Minas Gerais
2019 FDI Inflows - Top 10 host economies (US$ billions)
(Brazilian Institute of Economy and Statistics - IBGE)
9 th largest world economy
United States
246
GDP US$ 1.84 trillion in 2019 (World Bank) China
141
6 largest FDI influx th
US$ 72 billion in 2019 (UNCTAD - World Investment Report 2019)
9 country
Singapore
92
Netherlands
84
th
Most quoted by CEOs to broaden their businesses in the next 12 months (23rd Annual Global CEO Survey, 2020, Pwc)
5 th largest country In territorial extension, allowing for great economic diversity in its different regions
Ireland
78
Brazil
72
Hong Kong, China
United Kingdom
68
59
India
51
Canada
50
R$ 4.46 trillion Is the 2020 projected national consumption (IPC Maps 2020, IPC Marketing Editora)
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Why Minas Gerais
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11
Minas Gerais
12
location
Why Minas Gerais
Brasília Belo Horizonte
Rio de Janeiro São Paulo
Minas Gerais is located in the Southeast Region of Brazil (the most developed region in the country), with easy access to consumer markets and a privileged location. Neighbor to states such as São Paulo and Rio de Janeiro and the Center-West and Northeast Regions, the state of Minas Gerais is the main business corridor in Brazil. 13
Minas Gerais
economy
Third largest Brazilian economy US$ 179.69 GDP in 2017 Third largest exporting state in Brazil US$ 25.14 billion in 2019 Second largest population in Brazil: 21 million inhabitants (roughly the size of Australia) Larger than France or Spain in territorial extension Located in the southeast of Brazil, which is responsible for 53% of the Brazilian GDP The state’s GDP is comparable to countries such as Hungary (US$ 141.5 billion), Qatar (US$ 166.9 billion) or Algeria (US$ 167.4 billion) All these features contribute to the existence of an economic environment marked by diversified sectors, making the state the second largest consumer market in Brazil.
Source: Fundação João Pinheiro (FJP); Instituto Brasileiro de Geografia e Estatística (IBGE); Comex Stat; UNCTAD 14
consumer market
Minas Gerais has the second largest consumer market in Brazil, with a 10.2% share, only behind the state of São Paulo. Considering the Southeast region as a whole, companies from Minas Gerais have a considerable logistic advantage: easy access to 48.4% of the Brazilian consumer market, with a consumption potential estimated at R$ 2.16 trillion in 2020. The region also concentrates 51.98% of the 20.39 million Brazilian companies. Brazilian state
Share in the consumer market(%) 26.4
1
Minas Gerais
10.2
2
Rio de Janeiro
9.6
3
Rio Grande do Sul
6.8
4
Paraná
6.5
5
Belo Horizonte, the state capital, stands out for being the 4th largest Brazilian city in terms of consumer potential, with a share of 1.5%.
REGIONAL SHARE IN THE BRAZILIAN CONSUMER MARKET
8.9%
6.2%
18%
48.4%
Ranking
São Paulo
Why Minas Gerais
18.5% Southeast
Northeast
Center-West
North
South
Source: IPC Maps 2020, IPC Marketing Editora 15
Minas Gerais
consumer market
An example of the consumer market potential in Minas Gerais is represented by the evolution of its share in the national vehicle registration (cars, light commercials, trucks and buses). In the last decade, Minas Gerais presented the largest growth among the top states.
BRAZILIAN STATE SHARES IN VEHICLE REGISTRATION 35.00%
31,04%
30.00%
25.25% 25.00%
21.75% 20.00% 15.00%
11.18%
10.00% % 5.00% % 0.00% 2009
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2010
2011
2012
2013
2014
São Paulo
Minas Gerais
Paraná
Rio Grande do Sul
2015
2016
2017
2018
2019
Rio de Janeiro Source: Associação Nacional dos Fabricantes de Veículos Automotores (ANFAVEA)
gross domestic product
Why Minas Gerais
Between 2002 and 2017 the state of Minas Gerais had a GDP growth of about 364%
576.20 billion
GDP | CURRENT PRICES (R$ BILLION)
124.07 billion
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Sources: FJP 17
Minas Gerais
gross domestic product
The largest part of state’s GDP comes from the service sector, which accounts for more than 68% of the total production. The share of industry is around 25%. Considering only extractive and transformation industry, metallic minerals extraction, food production and metallurgy are the most relevant sectors. In agriculture and livestock, the production of grains (such as coffee, soy, corn and beans), sugarcane and milk, as well as the raising of poultry and cattle, are the main activities.
GDP | BREAK-DOWN BY SECTOR
Agriculture and livestock
5.69% Industry 25.43%
Services 68.89% Source: FJP; IBGE 18
Why Minas Gerais
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Minas Gerais
gross domestic product
SHARE OF MINAS GERAIS REGIONS IN THE OVERALL STATE
GDP - 2017
Norte | 4,23% | Jequitinhonha | 1.28% | Noroeste | 2.04% |
Vale do Mucuri | 0.87% |
Central Mineira | 1.78% |
Vale do Rio Doce | 5.82% |
Triângulo Mineiro/Alto Paranaíba | 16.35% | Metropolitana de Belo Horizonte | 40.12% | Oeste | 4.42% | Campo das Vertentes | 2.06% | Sul/Sudoeste | 12.88% | Source: FJP 20
Zona da Mata | 8.14% |
main activities by mesoregion
SUL/SUDOESTE
TRIÂNGULO MINEIRO E ALTO PARANAÍBA
OESTE
Coffee
METROPOLITANA DE BELO HORIZONTE
Agribusiness
Metallic mineral extraction
Food Products
Food Products
Automotive and automotive parts
Agribusiness (cattle, poultry and coffee)
Automotive and automotive parts Textile Electronics Non-metallic minerals
Metallurgy (pig iron, foundry and laminated steel) Construction industry Life sciences
Cargo Transport Sugar and Ethanol Food products Chemical products Wholesale
Cargo transport
Information and Comunication Technology (ICT)
Tourism
Food & beverage
NORTE
Helicopters
Tourism
Agribusiness (cattle and fruit)
Cattle Raising Iron and Steel foundry Ethanol Cargo Transport Non-metallic minerals Metallurgy Leather and footwear Clothing manufacturing
Forestry production
CAMPO DAS VERTENTES
NOROESTE
VALE DO MUCURI
Textile
Agribusiness
Agribusiness (cattle and soy)
Cattle Raising
Food products
Food Products
Mineral extraction (iron, aluminium and tin)
Food Products
Metallurgy (pig iron and non-metallic minerals)
Leather and Footwear
Petroleum Coke, petrol. & by-products
Petroleum Coke, petrol. & by-products
Ferroalloys
Ethanol Cargo Transport
VALE DO RIO DOCE Steel Industry
CENTRAL MINEIRA
Metal Products
Agribusiness (cattle)
Agribusiness
Forestry production
Food Products
Food production (dairy)
Paper and Cellulose
Textile
Metallurgy (pig iron and precious minerals)
Metallurgy (Non-ferrous metals and their alloys)
Why Minas Gerais
Non-metallic minerals Cargo Transport Automotive Parts
ZONA DA MATA Clothing manufacturing
JEQUITINHONHA
Food Products
Agribusiness (cattle and coffee)
Wood Furniture Cattle and Pig breeding Textile Metal Products Cargo Transport
Forestry production Precious and ornamental stones Non-metallic mineral extraction and products
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Minas Gerais
industry
There is a strong presence of the Metallic Minerals Extraction sector in Minas Gerais’ industry, accounting for nearly 22% of the industrial transformation value1 in 2017. Noteworthy as well is the Food sector, with a share of 19% and followed by Metallurgy, contributing with almost 15%. Together with Automotive vehicles, these groups represent 61.6% of the industrial transformation in the state. Metallic minerals extraction 21.66%
Industry’s gross production value minus costs directly related to the industrial production
1
Minas Gerais industry data (2017) 2nd largest industrial GDP: R$128.38 billion 10.73% of the Brazilian industry Over 1 million Jobs Other 15.58% Machinery and equipment 1.76% Tobacco products 2.05%
INDUSTRIAL TRANSFORMATION VALUE 2017
Food 19.08%
Non-metallic minerals 2.48% Metal products 2.84% Beverages 3.15% Metallurgy 14.91%
Chemical products 4.68% Coke, petroleum derivatives and biofuels 5.84% 22
Automotive Vehicles 5.97%
Source: IBGE; Confederação Nacional da Indústria (CNI)
industry
Why Minas Gerais
Almost 60,000 industrial companies are installed in Minas Gerais, accounting for 12.6% of the Brazilian industrial companies in 2018. More than 40% of the industrial employees work for large companies (those which employ over 250 people).
58,673
2018
DISTRIBUTION OF INDUSTRIAL COMPANIES BY SIZE
DISTRIBUTION OF INDUSTRIAL EMPLOYMENT BY COMPANY SIZE
4.2% 1%
12.8% 22.7%
20.6%
74.2%
23.5%
40.9% Source: CNI 23 23
Minas Brazil Gerais
demographics
Minas Gerais has over 21 million inhabitants (about 10% of the Brazilian population). Nearly 85% of them live in the urban areas of the 853 municipalities of the state. In 2019, the population estimate of Belo Horizonte’s Metropolitan Area (RMBH), comprising 50 municipalities, was of 5.96 million inhabitants, of which 2.5 million live in Belo Horizonte, the capital. There are 13 municipalities in the state with over 200 thousand inhabitants and 20 with between 100 and 200 thousand. The state’s HDI is considered high according to UN standards and life expectancy, over 77 years, is above the Brazilian average.
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Why Minas Gerais
demographics
Feature
Minas Gerais
Brazil
MG/BR
586,521
8,510,295
6.89%
* Estimate population – 2019
21,168,791
210,147,125
10.07%
Rate of urbanization – 2015
84%
84.7%
-
Economically Active Population – 2015 (thousand inhabitants)
11,395
104,835
10,87%
Employed population – 2015 (thousand inhabitants)
10,361
94,820
10.93%
Population density (inhab./km2)
36.09
24.69
-
Life expectancy at birth – 2019 (years)
77.96
76.50
-
Human Development Index (HDI) – 2010
0.731
0.727
-
Birth rate (births/1,000 persons) – 2019
12.70
14.20
-
Total fertility rate – 2019 (children/woman)
1.61
1.77
-
0.61%
0.79%
-
Area (km2)
Population-growth rate – 2019
Source: IBGE, Direi/FJP 25
Minas Gerais
logistics and infrastructure
Minas Gerais boasts a privileged location in Brazil, being in the center of the Brazilian Southeast Region and connecting the Center-West and the Northeast to the states of São Paulo, Espírito Santo and Rio de Janeiro, where some of the major Brazilian ports are located. Therefore, Minas Gerais stands as the main logistics corridor in the country, responsible for a high volume of inland transportation of cargo. In addition, Minas Gerais has six Inland Customs Units (EADI) , known as “dry ports”, located in:
LOCATION OF THE MAIN PORTS IN THE SOUTHEAST REGION
Betim Juiz de Fora Uberaba Uberlândia Varginha Pouso Alegre The main advantage of dry ports is their greater speed in the process of customs clearance. Pouso Alegre
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POUSO ALEGRE
logistics and infrastructure
Why Minas Gerais
LOCATION OF THE MAIN AIRPORTS IN THE STATE
Montes Claros
Uberlândia
Uberaba
The most important airport of Minas Diamantina Gerais is the Patos de Minas Governador Valadares BH Airport. About 40 kilometers to the Ipatinga Belo Horizonte Araxá north of downtown Belo Horizonte, it Divinópolis Belo Horizonte is one of the top five Passos São João airports in Brazil and del Rei registers a flow of over 10 Varginha million passengers/year, with Juiz de Fora international flights to Europe, Pouso Alegre United States and Central and South America.
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Minas Gerais
logistics and infrastructure
Minas Gerais has the largest road network and the second largest railway network in Brazil. Natural Gas: Controlled by CEMIG and the municipality of Belo Horizonte, GASMIG distributes about 2.3 million m 3/day of natural gas to all major industrial centers of Minas Gerais. Water & Sewage: COPASA is the second largest water & sewage service provider in Brazil and is nationally renowned for the quality of its work. The state’s industries consume more than 18% of Brazil’s industrial energy, supplied mainly by the Minas Gerais Energy Company (Companhia Energética de Minas Gerais – Cemig). Infrastructure
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MG
Brazil
MG/BR
Energy Installed capacity - 2020 (MW)
20,855
203,174
10.26%
Energy Generation - 2018 (GWh)
44,239
601,396
7.36%
Energy Industrial Consumption - 2018 (GWh) 30,999
169,625
18.27%
Energy Total Consumption - 2018 (GWh)
56,472
474,820
11.89%
Paved Roads - 2019 (km)
28,817
213,453
13.50%
Railway - 2020 (km)
≈ 5,200
29,878
17.40%
Sources: Agência Nacional de Energia Elétrica (ANEEL); Gasmig; Empresa de Pesquisa Energética (EPE); Departamento Nacional de Infraestrutura de Transportes (DNIT); Departamento de Edificações e Estradas de Rodagem de Minas Gerais DEER/MG; Agência Nacional de Transportes Terrestres (ANTT); Empresa de Planejamento e Logística (EPL)/Observatório Nacional de Transporte e Logística (ONTL)
logistics and infrastructure
Why Minas Gerais
29 29
Economy
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Why Minas Gerais
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Economy
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agribusiness
AGRIBUSINESS in Minas Gerais has plurality as one of its main features. The climate, soil and terrain diversity contribute to the establishment of several business in many fields of this economic activity.
Why Minas Gerais
Agriculture, livestock and related services1 constitute the state’s 3rd economic activity in terms of job creation, employing almost 235,000 people in 2018 1
Division nº 01 of National Classification of Economic Activities (CNAE)
Minas Gerais is the largest milk producer in Brazil, accounting for 26.4% (8.9 billion liters) of the national production in 2018. Milk processing and dairy production take place in more than 800 plants all over the state. Some of the most important players in this sector , such as Danone, Itambé, Embaré and Cemil, are located in Minas Gerais.
Minas Gerais’ Exports main agricultural and livestock products 2018
As for grains, corn and soybeans represented 77.9% of the state’s production in 2018, around 15.5 million tons. In the same year, Minas Gerais accounted for 53.4% of the national production of coffee. Coffee and coffee products were responsible for 40.6% of the state’s exports of agricultural and livestock products. Growing conditions in southern Minas Gerais make the region the main coffee producer in Brazil. According to the Brazilian Specialty Coffee Association, the state presents the biggest concentration of specialty coffee producing regions.
Coffee 40.64%
Soybean Complex 23.75%
Meat 10.55%
Sugar and alcohol 9.77%
Forestry Products 9.81% Other 5.76%
Sources: Minas Gerais State Secretariat for Agriculture, Livestcok and Supply (SEAPA-MG); Annual Report of Social Relations (RAIS); IBGE 33
Economy
agribusiness
Highlights National 1st place in: Coffee production and exportation Milk production Potato production Horse breeding Zebu genetics – a leading hub in the world
Also noteworthy is the Cândido Tostes Dairy Institute, which, since 1935, has been giving decisive
National 2nd place in:
contributions to the permanent growth of the
Orange production Sorghum production Beans production Tangerine production
Brazilian dairy industry by developing and sharing technology, as well as providing training for the sector’s personnel and technicians.
And also 3rd largest cattle raiser and sugar cane, banana, tomato, pineapple and onion producer.
EXCELLENCE CENTER
FOR BOVINE
GENETICS
Minas Gerais is home to renowned Scientific and Technological Institutions (ICTs) in the field of animal and vegetal genetic improvement. The Viçosa Federal University (UFV) develops projects in agricultural genetic improvement and the city of Uberaba hosts the Center of Excellence for Bovine Genetics of the Brazilian Zebu Breeders Association (ABCZ) Source: IBGE
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agribusiness
MINAS GERAIS' AGRIBUSINESS GDP (R$ BILLIONS)
Why Minas Gerais
13.48% Share in Brazilian Agribusiness GDP - 2019
Other states
250 155.72 200
173.42
162.2
177.46
189.57
190.74
2014
2015
204.59
192.39
199.22
2017
2018
209.42
134.11
150 100 50 0 2009
2010
2011
2012
2013
2016
2019
Source: Centro de Estudos Avançados em Economia Aplicada (CEPEA); Confederação da Agricultura e Pecuária do Brasil (CNA) 35
Economy
food and beverage
FOOD AND BEVERAGE Minas Gerais has a very diversified beverage sector as well, producing cachaça (Brazilian rum spirit), beer, soft drinks, energy drinks, juices, and so forth. AMBEV has 4 factories and 10 distribution centers in the state. One of the productive units, located in Uberlândia, is 1.3 million square meters large and employs 480 people The FEMSA Coca-Cola factory in Itabirito is the group’s most modern facility The first Nestlé’s factory outside Europe producing NESCAFÉ® Dolce Gusto® coffee capsules is also located in Minas Gerais. This unit uses 100% Brazilian coffee and other national raw materials, such as milk cocoa and sugar Renowned cachaça producers, like Salinas, Vale Verde and Caribé, are as well from Minas Gerais A significant number of specialty and craft breweries were born in the state, such as Wäls, Falke, Bier and Krug Bier
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The state is also home to a wide variety of companies in the food sector, comprising all levels of food processing. Some of the food companies established in the state are: Algar Bauducco/Pandurata Barry Callebaut Cargill Danone Ferrero Kopenhagen PepsiCo Unilever Yoki Viçosa Federal University (UFV) has the largest number of students enrolled in Food Engineering in the state, and the Juiz de Fora Federal University (UFJF) has the largest number, among public universities, of students enrolled in Nutrition.
food and beverage
Why Minas Gerais
UNIVERSITIES OFFERING COURSES IN FOOD ENGINEERING IN MINAS GERAIS (2018) Enrolled: 2,038 thousand students.
Viçosa Federal University (UFV)
6.28% 4.47%
22.18%
5%
Lavras Federal University (UFLA) São João del-Rei Federal University (UFSJ) Triângulo Mineiro Federal University (UFTM)
6.43%
Minas Gerais Federal University (UFMG)
6.48%
Uberlândia Federal University (UFU)
7.31%
21.84% 8.24% 11.78%
South Minas Gerais Federal Technology Institute (IFSULDEMINAS) North Minas Gerais Federal Technology Institute (IFNMG) Minas Gerais Federal Technology Institute (IFMG) Other
Source: Instituto Nacional de Estudos e Pesquisas Educacionais Anísio Teixeira (INEP)/Censo da Educação Superior (CES) 2018 37
Economy
mining
Largest national producer of iron ore, gold, zinc, phosphate, graphite and lithium
MINING
World’s largest producer of niobium One of the main national producers of limestone More than 300 mines operating in the state Responsible for 53% of metallic minerals’ production of Brazil and 29% of overall national minerals’ production The state has 40% of the BrazilIan biggest mines and 67% of the national mines producing over 3 million tons/year Source: ANM, IBRAM
Barite Basalt Diamond
Gold Lead Limestone
Niobium Phosphate Rare Earth Elements Zinc
Diamond Feldspar Gemstones
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Agalmatolite Aluminum Emerald Gold Granite
Iron Ore Kaolin Limestone Manganese
Gold Granite Graphite
Marble Mineral Water Phyllite Quartz
Kaolin Limestone Mica
Quartzite Slate Talcum Topaz
Lithium Quartz Quartzite
mining
Why Minas Gerais
3 among the top 10
F EDE R AL
14
9
and Geological engineering
6
Post-graduate courses in related areas 1: 11 programs 6 programs 1
Metallurgical and materials engineering; mining engineering and geosciences
Sources: INEP/Índice Geral de Cursos (IGC) 2018; INEP/CES 2018; Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)/GEOCAPES 2018 39
Economy
metal and steel industry
METAL AND STEEL INDUSTRY Minas Gerais has the most important steel industry in Latin America (largest Brazilian steel, pig iron and ferroalloys producer) and counts with some of the main companies operating in Brazil. There are also important equipment suppliers strengthening this sector in the state, besides excellent education institutions, such as UFMG and UFOP. The importance of this production chain is also responsible for a substantial amount of tax collection and job creation in different regions, such as Central, Vale do Aรงo, Vale do Rio Doce and Zona da Mata.
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metal and steel industry
Why Minas Gerais
INDUSTRIAL PRODUCTION – SELECTED PRODUCTS Products
Brazil
Minas Gerais
MG/BR
Ranking
Cement - 2019 (millions of tons)
47.55
12.86
27%
1st
Crude steel - 2019 (millions of tons)
32.57
10.41
32%
1st
34
34
100%
1st
Pig iron - 2019 (millions of tons)
4.62
3.52
76.2%
1st
Processed Gold - 2018 (tons)
85.21
32.32
38%
1st
Processed Iron Ore - 2018 (millions of tons)
450.39
252.40
56%
1st
Processed Niobium - 2018 (millions of tons)
170.84
129.41
75.7%
1st
Processed Zinc - 2018 (millions of tons)
421.73
421.73
100%
1st
2,951.45
315.81
10,7%
3rd
Locomotive - 2019
Vehicles – 2019 (thousands) The Minas Gerais’ industry is the second largest in the country, representing 10.7% of the Brazilian industrial GDP (2017).
Sources: ANFAVEA; Agência Nacional de Mineração (ANM); Instituto Aço Brasil; Sindicato da Indústriado Ferro no Estado de Minas Gerais (SINDIFER); Sindicato Nacional da Indústria do Cimento (SNIC); Associação Brasileira da Indústria Ferroviária (ABIFER) 41
Economy
automotive and transport
AUTOMOTIVE AND TRANSPORT
Minas Gerais is home to the 3rd largest automotive hub MAIN DOMESTIC MARKETS in Brazil, with 10.7% of the national production in 2018. (REGISTRATION OF NEW VEHICLES) It has a consolidated production chain and is also a State 2009 great producer of primary material for the automotive São Paulo 31.4% industry. Minas Gerais 11.18% The state’s industry also stands out in other Paraná 7.55% transportation modals: Rio de Janeiro 7.25% Only helicopter factory in South America Rio Grande do Sul 6.25% Only locomotive production plants in Brazil
2019 25.25% 21.75% 6.49% 5.45% 5.51% Source: ANFAVEA
THE SECTOR’S MAIN PLAYERS IN THE STATE ARE:
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FCA (Fiat)
XCMG
Landini
Iveco
Helibrás
GE Transportation (locomotives)
Mercedes-Benz
CNHi
EMD (locomotives – CaterpillarGroup)
automotive and transport
Why Minas Gerais
According to researches carried out by the National Union of Automotive Components Industry (SINDIPEÇAS), Minas Gerais is the 2nd state in number of companies and employees in the Brazilian auto parts industry, with a share of 9.9% and 11.8% respectively.
Average wages in the automotive and auto parts industry (R$) - 2018 5,108.47 5,000.00
4,571.30
4,000.00
3,650.54
3,719.52
3,782.37
Rio Grande do Sul
Rio de Janeiro
3,000.00
2,000.00
1,000.00
0.00
Paraná
São Paulo Source: Sindicato Nacional da Indústria de Componentes para Veículos Automotores (SINDIPEÇAS); RAIS 43
Economy
aerospace
AEROSPACE
The aerospace industry in Minas Gerais stands out both nationally and internationally due to the presence of higher education institutions and also big companies such as Embraer, Helibras, Pratt Whitney, IAS, GOL and Azul. Through initiatives that gather research institutes, universities, industry and government, the state is set on strengthening its competitive advantages in the sector. Minas Gerais is home to the only helicopter factory in South America. With R$ 750 million in investments until 2016, BH Airport (the concessionary company responsible for the administration of Confins International Airport) increased its capacity to 22 million passengers/year. Until 2025, the total investment will amount to R$ 1.5 billion.
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WORKFORCE In Minas Gerais, many institutions provide qualified professionals every year to the aerospace sector. There are, for instance, courses in aerospace engineering at UFMG and FUMEC, both in Belo Horizonte. The Itajubรก Federal University offers a course in aerospace mechanical engineering with emphasis in helicopter manufacturing. In addition to those higher education institutions, SENAI-MG also offers a technical course in aircraft maintenance. In 2015, UFMG students and professors developed the fastest plane on Earth
aerospace
Why Minas Gerais
PASSENGER TRAFFIC GROWTH BH Airport 11,304,284
11,119,878
10,922,433 10,398,296
10,673,262
10,301,288
10,164,077
9,534,987
9,638,798
7,261,064
5,617,171
+ 98%
2009 Sources: BH Airport
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
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Economy
life sciences
2nd largest Brazilian hub LIFE SCIENCES
Biotechnology and Life Sciences
Over 200 biotechnology and life sciences companies Source: Biominas Brasil; CAPES/GEOCAPES 2018
The first biotechnology company in Brazil (Biobrás) was founded in Minas Gerais, in the 1970’s, and later acquired by Novo Nordisk, in 2001.
related to life sciences, many of which excel at the national level or fulfill international quality standards, according to the classification set by CAPES.*
Today, Minas Gerais is home to dozens of leading companies born in the state, such as Hermes Pardini and Biomm, as well as many multinationals, such as ACG Worldwide, GE Healthcare,Novo Nordisk, Philips VMI and St Jude Medical.
Also of great importance to the sector are the Ezequiel Dias Foundation (FUNED), a research center focused in public health and linked to the state’s government, and the René Rachou Research Center (CPqRR/ Fiocruz Minas), responsible for the creation of new medicines, vaccines and diagnostic methods.
The concentration of teaching, research and professional formation institutions stands out in the state, with about 130 postgraduate programs
Note: CAPES (Coordenação de Aperfeiçoamento de Pessoal de Nível Superior) is the Brazilian institution responsible, among other things, for the evaluation of postgraduate programs
*
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life sciences
Why Minas Gerais
Laboratory Analysis: Tests to measure the quality of water for human consumption, cosmetics, medicine, cleaning materials and ambient air Proficiency tests Analyses in biologic material for disease control FUNED is aligned with the Brazilian national health system (SUS), with the task of producing currently imported drugs. It takes part as well in partnerships with private companies, counting with a modern 2,500 square meters biotechnology plant.
Water and food monitoring The state has more than 100 education institutions offering undergraduate courses in areas related to the ICT sector, besides 9 master’s and 4 doctoral degree programs in computer science
Source: funed.mg.gov.br 47
Economy
renewable energy
RENEWABLE ENERGY CEMIG, the largest integrated company in the electrical energy sector in Brazil, has prepared a detailed study of the potential forrenewable energy in the state. Solar incidence and radiation, geographical conditions and territorial extension make Minas
MINAS GERAIS PROGRAM FOR RENEWABLE ENERGY Programa Mineiro de Energias RenovĂĄveis Energias de Minas/Energy of Minas
Gerais a perfect place for solar energy generation. LEADING THE WAY Minas Gerais is the top state in Brazil for both distributed solar PV and centralized solar PV generation, well ahead of other leading contenders.
Pioneer in Brazil, this program aims at promoting both the production and consumption of renewable energy, bolstering the state’s position as a national reference center in clean energy. The programme covers: Various types of energy: solar, wind, biomass, biogas, and hydraulic Low rates for equipment purchasing Special tax regime for the generation of renewable energy Special financing line Capital and technology formation for the sector
48
renewable energy
Why Minas Gerais
Solarimetric Atlas of Minas Gerais
ANNUAL AVERAGE OF DAILY SOLAR RADIATION
JANUÁRIA
Source: Cemig (2016).
JEQUITINHONHA
MONTES CLAROS
TRÊS MARIAS
GOVERNADOR VALADARES
UBERLÂNDIA BELO HORIZONTE
POUSO ALEGRE
JUIZ DE FORA
49
Economy
information and communication technology
INFORMATION AND COMMUNICATION TECHNOLOGY Renowned as one of the best universities in the country, the Minas Gerais Federal University (UFMG) is a cradle for top-grade computer science professionals in Belo Horizonte area. Another hub for technological development in the state is the city of Santa Rita do SapucaĂ, where INATEL offers undergraduate and graduate courses in engineering, telecom and IT, and carries out R&D programs with international partners such as Huawai, Ericsson, and others.
The state has more than 100 education institutions offering undergraduate courses in areas related to the ICT sector and: 9 Masters’s 4 doctoral degree programs in computer science.
Source: Inovadatamg
Source: Inovadatamg, INEP/CES (2017), CAPES/GEOCAPES (2017) 50
information and communication technology
Why Minas Gerais
HARDWARE
SOFTWARE
Minas Gerais is home to two Data Center companies:
Important IT companies are established in Minas Gerais, most of them located in the metropolitan area of Belo Horizonte:
Ativas with a 11,000 square metre built-up area following the latest international sustainability and energy efficiency standards Algar Tech, with two Data Centers in Uberlândia
Google has a Research and Development Center in Belo Horizonte, the only one of this its type in Latin America; SAP is strengthening its operations in the state and has already spotted considers the Triângulo Mineiro region as a strategic region; Microsoft has a branch in Belo Horizonte, aimed at consolidating and increasing its partnerships in the area. Other IT companies located in Minas Gerais are Avenue Code, Infosys, Sankhya e Totvs.
51
Minas Gerais
52
Why Minas Gerais
2019 2019
53
Minas Gerais
54
export development
Why Minas Gerais
Minas Gerais is the 3rd largest Brazilian exporter. In 2019 the state exported US$ 25.14 billion, an amount corresponding to 11% of total Brazilian exports.
Minas Gerais’ Exports (US$ BILLION) 41.34 33.38 29.30 31.17
33.10
25.35
21.99
24.4
25.14 24.27
21.92 18.33
19.48
13.49 15.63
Source: Comex Stat 55
Foreign Trade
main exported products
MINAS GERAIS EXPORTED MORE THAN US$ 25 BILLION IN 2019. THE MAIN PRODUCTS WERE: iron ores and concentrates, with a share of 32% , followed by iron and steel, accounting for 15%, and green coffe, representing 14% of the total exported HS Code 2601.11 72 0901.11 7108 1201.90 02
Products
FOB Value (US$)
Share
Iron ores and concentrates; non-agglomerated
8,011,982,057
31.87%
Iron and steel
3,875,323,019
15.42%
Coffee; not roasted or decalfeinated
3,518,062,531
13.99%
Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
1,440,656,641
5.73%
Soya beans; other than seed, whether or not broken
1,165,572,923
4.64%
Meat and edible meat offal
1,023,516,283
4.07%
1701.14
Cane sugar, raws, in solid form, not containing added flavouring or colouring matter
622,061,619
2.47%
4703.29
Chemical wood pulp, soda or sulphate, (other than dissolving grades), semi-bleached or bleached, of non-coniferous wood
615,069,502
2.45%
Vehicles, other than railway or tramway rolling stock, and parts and accessories thereof
574,551,430
2.29%
Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel
545,741,177
2.17%
Other
3,746,041,563
14.90%
Total
25,138,578,745
100%
87 7304
Source: Comex Stat 56
main imported products
Why Minas Gerais
MINAS GERAIS IMPORTED ALMOST US$ 6 BILLION IN 2019. THE MAIN PRODUCTS WERE: nuclear reactors, boilers, machinery and mechanical appliances and parts thereof, with a share of nearly 15%, followed by electrical machinery and equipment, sound recorders and reproducers, television image and sound recorders and reproducers, and its parts and accessories, accounting for 10%, and road vehicles and its parts and accessories, representing almost 10% of the total imported.
HS Code
Products
FOB Value (US$)
Share
1,303,971,934
14.56%
84
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
85
Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles
944,274,797
10.54%
87
Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof
880,423,173
9.83%
29
Organic chemicals
770,411,364
8.60%
31
Fertilizers
769,568,815
8.59%
Coal; briquettes, ovoids and similar solid fuels manufactured from coal
692,853,044
7.74%
90
Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories
397,178,753
4.44%
39
Plastics and articles thereof
340,729,543
3.80%
2608.00
Zinc ores and concentrates
258,018,016
2.88%
Iron or steel articles
221,540,684
2.47%
Other
2,376,020,461
26.53%
Total
8,954,990,584
100%
2701
73
Source: Comex Stat 57
Foreign Trade
export markets | 2019
The major amount of Minas Gerais’exports is sent to Asia, with China outstanding as the greatest market.
Destination of exports - 2019
FOB Value (US$)
Share
China
7,745,602,437
30.81%
United States of America
2,152,879,485
8.56%
Netherlands (Holland)
1,185,690,596
4.72%
Japan
1,101,887,044
4.38%
994,045,979
3.95%
Germany
Asia (excluding middle esat and ASEAN)
2.30%
2.72%
4.17%
1.11% 0.29%
European Union (EU)
4.51%
5.23%
39.65%
6.55%
North America Middle East Association os Southeast Asian Nations (ASEAN) Mercosur Europe (excluding EU)
12.80%
South America (excluding Mercosur) Africa
20.67%
Central America and the Caribbean Oceania
58
Source: Comex Stat
import origins | 2019
Why Minas Gerais
The major amount of Minas Gerais imports come from Asia and the North America. China and the United States of America stand out as the greatest exporters to the state. Origin of imports - 2019
FOB Value (US$)
Share
China
1,670,658,765
18.66%
United States of America
1,348,033,407
15.05%
Argentina
759,861,856
8.49%
Germany
541,919,816
6.05%
Russia
431,444,192
4.82%
Asia (excluding middle esat and ASEAN)
1.97%
2.10%
2.33%
1.76% 0,28%
North America
6.96%
7.18%
A significant bilateral trade relation between Minas Gerais and China, United States and Germany is noticed, since these countries are among the five major partners of the state both in imports and exports.
European Union- EU
26.46%
Mercosur Europe (excluding EU) South America (excluding Mercosur)
9.66%
Africa Oceania
19.27%
21.98%
As s ociation of Southeast Asian Nations -ASEAN Middle East Central America and the Caribbean Source: Comex Stat 59
Minas Gerais
60
Why Minas Gerais
63
61
Innovation
62
innovation
62
innovation
Why Minas Gerais
Great Brazilian Information technology Cluster
SAN PEDRO VALLEY Recognized as the best Brazilian start-up cluster , San Pedro Valley is *
454 Startups
59
Digital Agencies
21
Co-working spaces
6
Accelerators
located in Belo Horizonte, the capital
6
of Minas Gerais.
Venture capital firms
5
Incubators
2
Hackerspaces Source: Hub Minas Digital, www.sanpedrovalley.org 63
Innovation
innovation
STARTUPS AND ENTREPRENEURSHIP ECOSYSTEM DEVELOPMENT SEED is an institution that promotes the development of the entrepreneurship and innovation system in Minas Gerais. The chief project is a startups acceleration program for entrepreneurs from all over the world who want to develop their business in the state. SEED is the only Brazilian institution of its type maintained with public resources, working to enhance the interactions, networks and knowledge and skills exchanges between supported entrepreneurs and the local, national and global system. Participants in the program go through six months of intense activities, which help to strengthen their entrepreneurial characteristics and their projects. Each round selects 40 startups, which indicate two to three entrepreneurs to participate in the activities, receiving seed capital of up to R$ 80 thousand. Coordinated by the Secretariat for Economic Development, Science, Technology and Higher Education – SEDECTES, SEED is part of Minas Digital, a 64
innovation
Why Minas Gerais
range of governmental initiatives directed to boosting the development of innovative businesses and strengthening the entrepreneurial culture in Minas Gerais. SEED’s goal is to transform Minas Gerais into the largest center of entrepreneurship and innovation in Latin America.
MINAS GERAIS INNOVATION SYSTEM (SIMI) The Minas Gerais’ Innovation System was established with the purpose of promoting the convergence of initiatives from government, business and research institutions in order to favor the innovation development in the state. Open to all society, the SIMI portal is a strategic tool that brings together the most important information concerning entrepreneurship, science, technology and innovation. 65
Innovation
innovation
There are 4 Technology and Science Parks in Minas Gerais, in the following cities: Belo Horizonte, Itajubå, Uberaba e Viçosa Technological Parks
Incubators and accelerators
All of them work in close collaboration within the innovation system
Minas Gerais has 26 incubators and 10 accelerators in diverse regions of the state. They offer support to technology-based companies and investors through the whole process of investment, from its initial phases until the full operation of their businesses in several regions of the state.
Minas Gerais’ startup community has been recognized for its innovative and successful environment Startup Community 66
The state is home to 26 startup clusters, comprising almost 90 startups.
innovation
Why Minas Gerais
Embraer, CSEM Brasil and Fiat Chrysler (FCA) are just a few of the companies doing R&D in our state. Google has a R&D center in Belo Horizonte with over 100 engineers. There are also public research centers in Minas Gerais, such as Fiocruz (Oswaldo Cruz Foundation) and Funed (Ezequiel Dias Foundation) R&D Centers
Government Programs
There are 10 INCTs (National Institute of Science and Technology) in Minas Gerais, proving the state’s great capacity in R&D
The state government encourages innovation and entrepreneurship through various programs. Innovative projects may receive support from the Minas Gerais Development Company (CODEMGE) and the Minas Gerais Development Bank (BDMG), the latter by incubating fintechs at their Hubble project.
Minas Gerais Development Bank (BDMG) offers diverse financing lines designed specifically to support innovative projects.
Financing
BDMG also offers equity funds to innovative projects with high potential for growth and social impact and CODEMGE offers equity and credit rights funds to support high-tech companies
67
Innovation
funding
FOUNDATION FOR RESEARCH OF THE STATE OF MINAS GERAIS FAPEMIG finances scientific, technological and innovation research projects in several areas and promotes human resources training programs for science, technology and innovation; In 2018, FAPEMIG maintained 3,843 research projects in execution, corresponding to almost R$ 570 million contracted. The resources executed that year amounted to R$ 206 million, of which 13% was applied directly in private companies. About 54% of it was invested in public federal research institutions located in Minas Gerais.
In 2019, R$162.5 million have been executed, of which 24.5% were invested in private institutions and 51.7% in public federal research institutions.
Source: FAPEMIG 68
funding
Why Minas Gerais
DISTRIBUTION OF FAPEMIG’S FINANCIAL EXECUTION BY INVESTMENT TYPE (%)
Investment
2012
2013
2014
2015
2016
2017
2018
2019
Induced Demand Projects*
27.6
27.2
18.6
17.08
21.34
9.67
16.19
30.8
Universal Demand Projects
17.6
15.6
14
10.97
11.61
30.07
18.23
7.65
Scholarship and HR training courses
17.6
18
28.1
17.54
21.93
23.34
33.22
18.55
Academic events
2.5
2.5
3.3
2.48
2.77
2.06
0.89
0.23
Special, internal and structural projects
30
31.8
31.1
39.66
34.86
25.22
20.27
27.9
Other Activities
1
0.6
1.1
8.97
0.89
0.75
0.65
0.59
3.8
4.3
3.8
3.3
6.6
8.99
10.55
14.28
Administrative Costs *
Projects in areas considered strategic for the development of the state.
Source: FAPEMIG 69
Minas Gerais
70
Why Minas Gerais
l i v i n g , l a b o u r a n d b u i l d ing costs
71
Social and Education
72
education
universities
Why Minas Gerais
Minas Gerais excels in quality education in Brazil. There are 20 public universities in the state and 3 of the 10 federal universities in the country are in Minas Gerais. Undergraduate courses offered by these universities, such as of Economics, Medicine, Biomedicine, Biological Sciences, Pharmacy, Computer Science, Agronomy and Engineering occupy lead positions in the national education rankings. In addition, the state hosts one of the best business schools in Latin America, Fundação Dom Cabral – FDC, recognized in 2017, by the British journal Financial Times, as the 12th best in the world. 2nd place in education according to the States Competitiveness Ranking of 2019 Largest number of federal universities in the country; Internationally recognized business schools are stablished in Minas Gerais: Fundação Dom Cabral (FDC), Ibmec and IBS (in partnership with Fundação Getúlio Vargas – FGV).
MINA S GERAIS FEDERAL UNIVERSITY | UFMG Times Higher Education World University Ranking 2020
Times Higher Education Latin America University Rankings 2020
1st position among Brazilian federal universities 3rd position among Brazilian public universities
5th position overall
Photo: UFV - Viçosa 73
Social and Education
undergraduate courses that stand out in the national ranking
Agronomy UFV is ranked 3rd
Mathematics UFOP is ranked 2nd UFJF is ranked 5th
Business Administration UFLA is ranked 3rd
74
Biomedicine UFMG is ranked 2nd
Pharmacy UFJF is ranked 2nd
Biological Sciences UFOP is ranked 2nd UFV is ranked 5th
Automation and Control Engineering UFU is ranked 3rd
Nutrition UFJF is ranked 2nd UFV is ranked 3rd
Production Engineering UFV is ranked 3rd
Computer Science UFJF is ranked 2nd
Forest Engineering UFLA is ranked 3rd UFV is ranked 4th
Information Systems UFU is ranked 4th Source: INEP/CPC (considering public universities only)
u n d e r g r a d u a t e s t u d e n t p r o fi l e - e n g i n e e r i n g
Why Minas Gerais
648,556 students
There are over enrolled in undergrad courses in Minas Gerais. Over 133,840 of them are enrolled in engineering courses, corresponding to 21% of the total of graduating students Around 10% are in courses related to business areas such as administration and accounting.
NUMBER OF STUDENTS IN SOME ENGINEERING COURSES Civil | 39,251
Computer | 3,765
Mechanical and Mechatronic | 20,717
Agricultural | 3,164
Production | 20,061
Food | 2,038
Electrical and Electronic | 15,091
Mining | 1,974
Chemical | 6,266
Source: INEP/CES 2017 75
Social and Education
u n d e r g r a d u a t e s t u d e n t p r o fi l e - l i f e s c i e n c e s
Education and training for biotechnology and life sciences professionals constitute an important element of Minas Gerais’ attractiveness. Undergraduate and graduate courses ensure the offer of qualified personnel, absorbed by the companies operating in the state, in other locations of the country and around the world. Anbiotec and Biominas are two institutions of national expression that were born in the state, aimed at developing research, innovation and business projects in the area of biotechnology and life sciences.
Medical School | 25,191 Dentistry | 17,378 Pharmacy | 12,333 Nutrition | 10,142 Biological Sciences | 9,660 Biomedicine | 5,892 Chemistry | 3,580 Biotechnology | 622 Biomedical Engineering | 512
76
Source: INEP/CES 2017
By means of its professional education public centers, present in all of its regions, Minas Gerais also offers a large supply of technicians: With campi in many cities of the state, the Federal Center for Technological Education (CEFET-MG) offers technological and professional education courses, as well as undergraduate and specialization courses. The Federal Institute of Education, Science and Technology of Minas Gerais (IFMG) is also a public teaching institution which offers mainly technical and
quality of life
higher education courses, with an administrative branch in Belo Horizonte and campi in 17 other cities. The institute offers over 40 technical and 30 undergraduate courses, besides postgraduate and even basic education courses.
Minas Gerais counts also with many units of the National Service of Industrial Apprenticeship – SENAI, distributed in numerous cities and regions. SENAI offers a variety of industrial apprenticeship and technical courses, besides qualification and professional improvement programs.
Why Minas Gerais
Minas Gerais is a unique state, combining culture, history, tradition, gastronomy and nature. Sustainability Minas Gerais stands out in sustainability. The state capital, Belo Horizonte, was the 2018 national winner, for the 4th edition in a row, of the WWF’s City Challenge. Culture Minas Gerais is well known for being a guardian of the Brazilian historical and cultural heritage, particularly visible in its historical cities. The state is home to about 60% of the country’s historical heritage. Inhotim was chosen as one of the 20 best museums in the world by Trip Advisor. Recently, the Pampulha Architectural Ensemble, in Belo Horizonte, was elected a World Heritage Site by Unesco. The state capital Belo Horizonte is a UNESCO'S Gastronomic Creative City. 77
Social and Education
quality of life
LIBERTY SQUARE CULTURAL CIRCUIT The Liberty Square Cultural Circuit is the largest integrated network of culture sites in Brazil. The project was developed by the Government of Minas Gerais, through the State Secretariat for Culture, in partnership with private companies. Old public buildings were transformed into interactive spaces with the aim of disclosing a diversity of historical, artistic and thematic collections, thus making Minas Gerais’ cultural heritage accessible. The circuit also counts with a planetarium, workshop and learning spaces, libraries, coffee shops, restaurants and stores.
Top 10 Human Capital and Lifestyle 5th among major states and 6th among all the states 78 78
Minas Gerais still showcases: Cost Effectiveness
High HDI: 0,731
7th among major states
Mild weather
FDI Strategy
International schools
2 in Editor’s nd
Choice Award
living, labour and building costs
Why Minas Gerais
January 2020 - INDUSTRIAL WAREHOUSES’
AVERAGE BUILDING COSTS(R$/M2) MG
775.83
SP
810.42
RJ
+4.46%
866.33
PR
870.64
The Base Unit Cost (CUB) measures construction costs by square meters. It is calculated according to rules set up by the Brazilian Technical Standards Association (ABNT) and is a reference for the comparison of different types of construction in Brazilian regions.
+11.66%
+12.22%
MINAS GERAIS HAS LOWER LIVING, LABOUR AND BUILDING COSTS IN COMPARISON WITH OTHER STATES IN THE SOUTH AND SOUTHEAST REGIONS OF BRAZIL
Sources: cub.org.br; Sindicato da Indústria da Construção Civil do Estado de São Paulo (Sinduscon-SP) 79
Social and Education
living, labour and building costs
April 2020 RESIDENTIAL PROPERTIES’
AVERAGE SALES PRICE (R$/m2)
Belo Horizonte -MG
Florianópolis - SC
Overall average *
7,153
+6.73%
7,277
+8.58%
São Paulo - SP
9,078
+35.45%
Rio de Janeiro - RJ
9,311
+38.93%
*Weighted average considering 50 Brazilian cities 80
6,702
Source: FIPE ZAP
living, labour and building costs
Why Minas Gerais
May 2020 RESIDENTIAL PROPERTIES’
AVERAGE RENTAL PRICE (R$/m2)
Belo Horizonte -MG
Florianópolis - SC
23.53
27.46
+16.70%
Overall average*
30.82
+30.98%
Rio de Janeiro - RJ
30.98
+31.66%
São Paulo - SP *Weighted average considering 50 Brazilian cities
41.37
+75.82% Source: FIPE ZAP 81 81
Social and Education
82
living, labour and building costs
living, labour and building costs
Why Minas Gerais
2018 SELECTED FUNCTIONS’
AVERAGE SALARY (R$) Function
Belo Horizonte
Rio de Janeiro
São Paulo
Curitiba
Florianópolis
Porto Alegre
Financial and Administrative Directors
17,353.07
21,817.35
19,467.41
15,967.90
15,279.57
19,285.17
Administrative and Financial Managers
5,804.74
10,721.07
11,702.63
7,463.92
4,851.61
7,523.62
Human Resources Manager
6,285.00
10,376.99
11,716.58
8,025.38
6,345.10
7,124.71
Marketing Manager
5,479.19
8,129.01
10,806.81
6,683.54
5,655.77
7,408.38
IT Manager
10,112.79
14,093.17
15,052.26
10,332.26
9,691.89
12,409.98
Business Administration
5,989.95
10,019.64
7,747.81
7,211.01
7,451.00
6,945.71
Systems Analysts
6,067.58
8,638.78
7,112.18
7,218.19
6,958.91
7,417.10
Computer Technicians
2,570.40
2,688.95
3,135.57
3,673.22
3,601.19
3,159.30
Administration Technicians
5,077.91
8,431.99
6,193.44
5,576.40
6,498.69
4,753.60
Accounting Technicians
3,747.99
7,349.60
5,939.61
2,235.73
7,536.90
4,648.87 Source: RAIS
83
Minas Gerais
84
Business
M i n a s G e r a i s I n v e s t m e n t a n d Tr a d e P r o m o t i o n A g e n c y
Minas Gerais Investment and Trade Promotion Agency (INDI)
For over 50 years, INDI has been assisting entrepreneurs in Minas Gerais As Brazil’s first investment promotion agency, we offer our full support to inward investment projects, from planning to implementation and future expansions. All our services are provided free of any charges.
84
Business
some projects in Minas Gerais
3000
Over companies have received INDI´s assistance in the agency´s 50 years of operation. These companies have seen their businessess grow together with the economy of the state.
Food: Aryzta, Danone, Ferrero, Kopenhagen, Unilever. Aeroespace: Embraer, Gol, Helibrás. Automotive: Fiat, Iveco, Mercedes-Benz. Beverage: Ambev, Coca-cola, Estrella Galicia, Imperial, Petrópolis. Biotechnology: Biomm, Eurofarma, Novo Nordisk, St. Jude Medical. Electronics: GE, Panasonic, Philips, Toshiba. Mining: Anglo Gold Ashanti, Anglo American, Vale. Steel Industry: ArcelorMittal, Gerdau, Usiminas. Equipments and Transport: GE Transportation, Progress Rail (Catterpillar), XCMG. Packaging: Verallia (Saint-Gobain Group) Pulp and Paper: LD Celulose. 94 85
INDICS@ INDI. MG. GOV. BR
+55 (31) 3916-7650
/ INDI. MINASGERAIS