The site of the planned city business park. The land was going to be used to build a cemetery.

Q COSTA RICA – While the growth of business parks has been mainly to the west of San Jose, in areas like Heredia and Alajuela, the mayor of San Jose is betting that he can lure tech companies to his city.

On Wednesday, Johnny Araya, unveiled plans to develop, in an area of ​​18,000 square meters in the center of the capital city, a building to house technology companies and two universities, the Universidad Técnica Nacional (UTN) and the Instituto Tecnológico (TEC).

The objective of the Municipality of San José is to attract foreign investment to the capital city with creation of the Agencia para el Desarrollo Económico Local (ADEL) – Agency for Local Economic Development  – for the development of a business park dedicated to the technology sector.

Mayor Johnny Araya chairing the newly created Agency for Local Economic Development (ADEL). Photo Municipalidad de San José

The plan has the support of the Costa Rican Coalition for Development Initiatives (Cinde), the Ministry of Foreign Trade (Comex), the Ministry of Economy, Industry and Commerce (MEIC) and the Ministry of Labor.

However, for the municipality to bring this project to reality, it requires the approval of a bill in the Legislature (Congress) to change the use of the 18,000 square meters lot. Previously, the land was going to be used to build a cemetery.

Companies that will set up in the technology park have not yet been defined, but Mayor Araya explained that “… an architectural firm offered to create a master plan for the development of the project.”

According to Araya, the municipality won’t be putting up the buildings, rather the companies themselves to build in the park or that real estate developers will set up the infrastructure and then sell them or rent them out, a concept used by private business parks around the Greater Metropolitan Area of San Jose (GAM)

Araya said,”the Municipality of San Jose has the power to attract companies in the technology sector.”

According to London-based Euromonitor International, the Costa Rican capital is among the main emerging cities in the world. In January 2017, Euromonitor listed San Jose 4th in the “Top 10 Most Diversified Cities“.

Source: Nacion.com


Since you are here …

… we have a small favor to ask. More people are reading Q COSTA RICA more than ever but advertising revenues across all media channels are falling fast. And unlike many news organizations, we haven't and will never put up a paywall – we want to keep the Q open always. So you can see why we need to ask for your help. Updating reports on Q COSTA RICA demands a lot of time, money and hard work. But we do it because we believe our reports matter. To everyone who reads Q COSTA RICA, who likes it, help to support it by clicking our ads.

Do you part, click on an ad today.




Costa Rica's private transportation services AVANTI Costa Rica. Discreet and reliable service.

If you enjoyed this article please SHARE IT! (use share buttons).

WHAT ARE YOUR THOUGHTS?
Post your comments below or to our official FACEBOOK page.