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Ponta Delgada ,  April 04, 2019

Regional Government approves aid to private investment amounting to 10 million Euros

The Regional Director for Support to the Investment and Competitiveness announced in Ponta Delgada the approval of another 27 projects submitted under Competir+ and approved by the Azores Operational Programme (PO Açores 2020), representing an investment of 10 million Euros and the creation of 43 jobs on several islands.
 
"These 27 investment projects, amounting to almost 10 million euros, will be supported under the Incentive System, for Business Competitiveness - Competir+ with a financial allocation of approximately six million Euros," stated Ricardo Medeiros, who spoke at the end of the visit to a commercial establishment.
 
As for the implementation of these 27 new investment projects, 14 will be implemented on S. Miguel, seven on Terceira, four on Pico and one on Santa Maria; there is one project to be developed on two islands, Pico and Faial.
 
"These investments evidence the ambition, determination and confidence in the progressive economic development of the Azores," stressed Ricardo Medeiros. According to him, "the Regional Government, by supporting private investment, is also responding to the challenges of economy and employability in the Azores."
 
In terms of area of activity, 14 projects will be developed in the area of tourism, four in commerce and nine in services.
 
Regarding the Competir + subsystems, five projects were submitted under the Promotion of Exports subsystem, 15 under the Local Development subsystem, one under Qualification and Innovation subsystem and six under Qualified and Creative - Youth Entrepreneurship subsystem.


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Official government press-releases presented in all foreign languages interfaces of the Azorean Government Portal (Portal do Governo dos Açores) are a sub-set of the government's official press-releases daily output and are chosen for translation and publication on the foreign language interfaces based on audience segmentation criteria. The entire collection of the Azorean government press-releases is available in portuguese, here, from the GACS Press Office site.

 
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