Pará and Amapá Boost Local Entrepreneurship with Fiscal Incentives and Innovation Programs

The states of Pará and Amapá are advancing local entrepreneurship by implementing significant government and institutional support initiatives. In Pará, the Secretaria de Desenvolvimento Econômico, Mineração e Energia (Sedeme) showcased robust fiscal incentives during the International Chocolate and Cocoa Festival, aiming to stimulate sustainable economic growth and strengthen the business environment. These incentives provide substantial tax benefits, particularly related to the Imposto sobre Circulação de Mercadorias e Serviços (ICMS), with reductions ranging from 50% to 90%, and even up to 95% for strategic activities. These benefits apply for periods of seven to 15 years and can be extended until December 31, 2032, fostering industrial competitiveness and job creation. Currently, 228 companies in over 55 municipalities across Pará benefit from these policies. Mauro Bastos, head of Sedeme, highlighted the strategic importance of such incentives in attracting investment and decentralizing economic development.

Meanwhile, in neighboring Amapá, Sebrae launched the Programa Supernova, a free nationwide initiative designed to build entrepreneurial skills and nurture innovative business ideas among technical and higher education students. Led by Maikon Richardson of Sebrae's Unit of Entrepreneurial Education, the six-week program integrates active learning with entrepreneurial training, guiding students through the development of business models, market validation, financial sustainability, and pitching their ventures. The program culminates in recognition and awards for outstanding teams at both state and national levels, including cash prizes and opportunities for national and international exposure. This initiative also seeks to deepen connections between students, educators, and the innovation ecosystem, thus contributing to the state's economic and social development.

Together, these efforts from Pará and Amapá represent a coordinated push to support local producers, stimulate strategic industries, and foster a culture of innovation and entrepreneurship, strengthening the Northern Brazilian economy.