The Municipal Chamber of Campo Grande approved a bill intended to enhance industrialization and job creation by altering the legal framework of the Prodes economic development program.
On Thursday, the Municipal Chamber of Campo Grande, Brazil, voted to approve a bill amending the Programa de Incentivos para o Desenvolvimento Econômico e Social (Prodes). This legislative change aims to provide greater legal security to businesses, stimulate industrialization, and boost job and income generation in the city. A significant aspect of the bill is the removal of the 'cláusula de reversão,' which mandates that donated municipal land must revert to public ownership if the terms are not met.
The newly approved bill allows companies to request the lifting of this clause after a period of 10 years for properties located in business hubs and 20 years for those outside these areas, provided they have complied with all obligations. This measure is seen as a major improvement in terms of long-term investment prospects for businesses in Campo Grande, offering them more incentives to operate and develop in the region. The bill still requires a final analysis before it can be sanctioned by Mayor Adriane Lopes.
Local officials and business leaders express optimism about the potential impact of this legislation on the local economy, highlighting that increased legal security for companies might lead to more investments and job opportunities. If the law is enacted, it could significantly change the landscape of industrial development in Campo Grande, making it a more attractive location for businesses and contributing to overall economic growth.
