Result is 36% higher than R＄ 735 million released last year
Desenvolvimento SP, a development agency linked to the Secretariat of Economic Development (SDE) of the Government of São Paulo, registered on Friday (22) the mark of R＄ 1 billion in credit released to public agents and micro, small and medium entrepreneurs in all municipalities in São Paulo. The result for 2023 is 36% greater than the 12 months of 2022 (R＄735.7 million) and 35.8% above the disbursement for the entire year 2021, which was R＄736.1 million.
Consolidated data up to December 22nd also reveals that, since its creation in 2009, Desenvolvimento SP has recorded a total accumulated disbursement of R＄7.06 billion, distributed across more than 18 thousand operations. Over these almost 15 years of operation, the agency has provided services to 1,918 companies and benefited 228 municipalities.
The agency made resources available through 26 lines of credit, covering strategic areas such as agriculture, innovation, sustainability, machinery and equipment, working capital, in addition to the recently launched Develop Woman and Develop Sustainable Woman lines, which came into effect in March 2023.
Also noteworthy are the growth in credit releases for city halls (289%), which jumped from R＄ 140 million in 2022 to R＄ 545 million this year, and in disbursements for the acquisition of machinery and equipment, which increased by 26% – from R＄ 145 million in 2022 to R＄183 million in 2023.
According to the Secretary of Economic Development of São Paulo, Jorge Lima, the meaning of R＄ 1 billion in disbursements is that the State Government is fulfilling its commitment to generate jobs, income and development in the 645 municipalities of São Paulo. “The release of credit for entrepreneurs and municipalities helps activate the development lever in São Paulo, a State that demonstrates resilience and vanguardism, standing out as a center of innovation and entrepreneurship in the country”, adds Jorge Lima.
In the view of the CEO of Desenvolvimento SP, Ricardo Brito, the volume disbursed is of higher quality. “Credit for city hall projects and private investment grew relatively more, facts that reinforce the commitment of Desenvolvimento SP to democratize credit to generate development, jobs and income in the state of São Paulo”, he explains.
January to November
Between January and November 2023, Desenvolvimento SP recorded the best result in the post-pandemic period. More than R＄865.3 million were disbursed in these 11 months, an amount 34.7% higher than the R＄642.2 million in the same period last year and 29.2% higher than the R＄669.5 million in 2021.
Of this R＄865.3 million, R＄435.4 million (50.3%) went to private companies. The remaining 49.7% (R＄ 429.9 million) is equivalent to credit releases for São Paulo city halls to invest in urban mobility, innovation, infrastructure, etc. Disbursement to public managers increased significantly from January to November: 1.333% compared to the same period in 2021 (R＄ 30 million) and 319% using the same 11 months of last year as a parameter, when R＄ 102 was released. 6 million.
From January to November, the agency made available more than R＄ 2.6 million in exclusive credit lines for women business administrators. R＄350 million was also released to public managers, micro and small business owners in the six cities that were in a calamity situation due to heavy rains on the coast of São Paulo during Carnival.
On October 20th, Desenvolvimento SP reached another significant milestone: R＄739.1 million in disbursements in 2023, a value higher than that recorded in the entire year 2022 (R＄735.7 million).
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