Multinationals Generated 5,730 New Jobs In Costa Rica In 2009

The Costa Rican Investment Promotion Agency (CINDE), indicated that 29 new foreign investment projects that arrived in the country in the high technology services sector, medical devices and advanced manufacturing, in conjunction
with the companies already installed, generated 5,730 new jobs and US $304.6 million during 2009.

According to CINDE’s President, Alberto Trejos, that initiated operations this new creation of jobs played a part in minimizing Costa Rica’s drop in employment as a result of the crisis.

“From the beginning of 2009 we knew it would be a year full of challenges; but also that it would offer opportunities, especially in the medical devices sector and the services sub-sector; given that companies were, for the most part, seeking countries where they could specifically improve efficiency, an element that Costa Rica offers.

We are satisfied with the results achieved at the close of the year because, in spite of the difficult international context, multinational companies became important sources of employment thereby reducing the decline in employment that Costa Rica experienced as a result of the crisis”,

Of the 29 new inward investment projects, 21 correspond to new companies that will automatically initiate their operations in the country and eight are related to foreign companies that established operation contracts with certain companies already working in Costa Rica.

For the fifth consecutive year, the services sector experienced the greatest dynamism both in number of new companies as well as in generating jobs. This sector is responsible for 80% (4 586) of the jobs generated by the three sectors in which CINDE specializes.

According to the Director General of CINDE, Gabriela Llobet, “…the Services Sector has consolidated as one of the largest employers in our country. As a result of the growth and the good results achieved during the last decade by the companies already established; increasingly; the more complex level of processes carried out, places Costa Rica in the world map as an extremely competitive destination for this industry.”

Some of the new investment projects that initiated operations in Costa Rica in 2009:

Concentrix: contact center.

Arcus: recruiting.

Paysource: back office.

McKinsey: contact center.

WNS: back office.

Motif: contact center.

Amway: shared services.

Startek: contact center.

Teleperformance: contact center

Emerson: Shared Services.

Establishment Biotech: implants.

Bentec: silicone devices.

Merrill’s Packaging: thermoforming packaging.

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Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.