Economic recovery plan in SP is expected to attract $6.5 bn in investments

The governor of São Paulo, João Doria announced the launch of an economic recovery plan with the forecast of investments of R$ 36 billion ($6.5 bn) in the next two years and an estimated generation of 2 million jobs in four years. It is the most audacious economic development plan ever carried out in São Paulo, said the governor.

Source: Reuters

Businesses that innovated had smaller losses, points out Sebrae

One in four small business owners has implemented some innovation since the beginning of the crisis caused by the new coronavirus. According to research by Sebrae, entrepreneurs who have developed innovative practices in their businesses have had more success in improving the level of revenues. While the small innovative businesses registered a loss of 32%, the companies that did not innovate had a 39% loss.

Source: Valor Investe

Government zero-tax on soy and corn imports

The world’s largest exporter of soybeans, Brazil has decided to suspend the collection of import taxes on the grain, as well as soy bean and oil, until January 15, 2021. The decision of the Foreign Trade Chamber (Camex), of the Ministry of Economy, also applies to the importation of corn, whose import tax rate will be zeroed until March 31 of next year, as a way to contain the high price of food in the country.

Source: Agencia Brasil