Small Businesses

Camargo Corrêa Institute benefits 12 thousand people with BNDES

Wednesday, March 20, 2013 - 18:47
Projects like the Artisan’s House, in Sergipe, serve vulnerable communities Projects like the Artisan’s House, in Sergipe, serve vulnerable communities

The partnership between Camargo Corrêa Institute (ICC) and the Brazilian National Development Bank (BNDES) benefited about 12 thousand people and families in socially-vulnerable areas. The Technical Cooperation Agreement, signed two years ago, aims to qualify employees and structure productive activities with low-income populations in communities where the companies of Camargo Corrêa Group operate.

Since 2011, when the agreement between ICC and BNDES was signed, the company invested R$ 11.3 million in 23 projects, benefiting communities from 20 cities from all over the country.

"For us, the partnership extends and improves the investment in productive inclusion performed with companies of Camargo Corrêa Group. It's important that social investment is aligned with public policy so that there's no duplicate work, and to allow their proper execution", says the executive director of the Camargo Corrêa Institute, Francisco Azevedo.

The partnership started to be designed in 2010. The Technical and Financial Cooperation Agreement was signed in February 2011 and established a cooperation of R$ 50 million in investments by 2016 – R$ 25 million will be invested by each party. The projects to be funded are jointly defined by BNDES and by Camargo Corrêa Institute in Annual Investment Plans (PAI, in the local acronym).

Investments are aimed to promote work and income generation opportunities, with a focus on productive groups from vulnerable communities. Employees from Camargo Corrêa Institute work throughout the process providing support in all business aspects, such as raising of working capital, strengthening of infrastructure, equipment procurement, training, and technical advice.

The goal is to maximize the productive groups so that they can strengthen and create value in their communities. Priority regions for investment are the North, Northeast, and Territories of Citizenship - areas of increased vulnerability as established by the Federal Government. The partnership works with focus on gender and youth, prioritizing projects led by young people and women.

The projects may be territorial, directly benefiting productive groups from a certain community; transversal, creating networks between different communities; and managerial, aiming to assist city governments in the modernization of public management, allowing to increase municipal tax revenues, decrease the dependence on federal resources, and provide a more efficient service to taxpayers.