Costa Rica, a privileged destination for Nearshoring
13 de September de 2022
Evolution Free Zone will create 20,000 jobs within the next 15 years
2 de December de 2022
Outstanding Human Talent: The cornerstone to invest in Costa Rica
“We have chosen Costa Rica for the quality of training of its talent”
Many companies identify with this phrase when explaining the reason to investing in Costa Rica or expanding their operations in this country, but why?
Costa Rica has managed to align its labor force with the requirements of an increasingly technological industry, and this has become a cornerstone for attracting investment.
This effort has resulted into an Foreign Direct Investment pull, mainly in the Costa Rica Free Trade Zones because of its benefits.Not in vain the country already has more than 450 multinational companies in its territory and the generation of quality employment remains strong.
Precisely this ecosystem of talent and innovation is also part of the essence of Evolution Free Zone, an industrial park that sets a milestone in the attraction of extraordinary companies.
Outstanding people and employment
In 2021, 8,406 students graduated in specialties from professional technical colleges (CTP), developed by the Ministry of Public Education, in collaboration with the Costa Rican lnvestment Promotion Agency, CINDE. The number rises to 31,800 students graduated in the last five years.
In addition, this organizations have developed new specialties in web development, data analytics, artificial intelligence, and cybersecurity.
This evolution has translated into greater job opportunities and investment attraction, mainly under the Free Trade Zone Regime, which promotes economic reactivation and productive linkages, where for every US$1 of incentive, the country receives US$2.43 in return.
In 2021, multinational companies in the Free Trade Zone Regime generated more than 22,000 quality jobs despite the pandemic, and thanks to the incentives that the sector offers. Costa Rica attracted 103 new Foreign Direct Investment (FDI) projects that year, 30% more than in 2020.
- 22,461 formal jobs generated, an increase of 13.4% vs. 2020
- 19,725 in net job gains, or 34% more than 2020
- 162,238 in cumulative employment, 14% more than 2020
- 13.2%: average annual growth in employment in companies that CINDE has attracted in the last 5 years.
Western Region People
Evolution Free Zone has a bonus to this picture: This Business Park is located in Grecia, Alajuela, a western city outside the Greater Metropolitan Area, 15 minutes from the Juan Santamaría International Airport, and less than 25 minutes away from nearby cities that offer a large, capable and new talent pool.
The western cities are known as “Bedroom Cities”, since more than 58,000 people travel daily to work outside of its canton to the main cities, like San José and Heredia among others.
A private research study conducted by CODE Development Group, in charge of the development of Evolution Free Zone, concluded that there is a great potential of human talent available, with an outstanding technical and professional level at Western Region cities.
- 287 public and private schools and high schools.
- 20 public and private universities.
- Important presence of Technical Schools which are regulated by MEP, the National Institute of Learning (INA) and public and private universities.
- 11,753 students graduated in technical careers between 2014 and 2018.
What better way to achieve goals than with exceptional talent? Any questions? Get in Touch here.
