IBM to Invest $300 Million in Costa Rica

Costa Rica recently received some great news thanks to IBM’s announcement that they will be investing $300 million over the next ten years. Obviously it’s a tremendous boost for the economy, but perhaps more important is the message it sends to other businesses and investors who have considered Costa Rica.President Laura Chinchilla said .......

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the IBM investment is one of the largest in the country in the past decade, and represents a vital step for her administration’s goal of achieving $9 billion in foreign direct investment by 2014. With FDI reaching $1.45 billion in 2010, Chinchilla set a goal of $1.95 billion for 2011.

“As president, my main priority is to propel Costa Rica toward development, improving its competitiveness and guiding it toward innovation through high technology, and generating employment opportunities with higher added value,” Chinchilla said Thursday morning. “The decision of IBM is a very positive sign that we are moving in the right direction. Costa Rica is welcoming new opportunities to continue developing the talent of our workers and motivating our youth in school.”