Brazil: Number of companies opened in São Paulo rises by 6.19%

RIO DE JANEIRO, BRAZIL – Since the economic recovery in August last year, after the most acute period of the covid-19 pandemic, the Board of Trade of the State of São Paulo (Jucesp) has registered more than 213,000 new companies until April 2022.

The result represents a 6.19% increase in the number of new CNPJs, compared to the same period of the previous year – from August 2020 to April 2021 – when 200,691 new incorporations were registered. Jucesp is linked to the Secretariat of Economic Development.

The segments that opened the most companies were health, education, and communication. The highlight goes to education, which opened 6,462 enterprises against 5,726 between August 2020 and April 2021, an increase of 12.8%.

According to the undersecretary of Technical and Vocational Education of the Secretariat of Economic Development, Natalia Vido, the increase represents the sum of the sector’s efforts for the resumption of education since, during the most critical period of the pandemic, many schools closed.

“I believe that this period showed the importance of new educational methodologies, such as using technology for learning and coexistence among students. The recovery of learning and the long-term advances to support youth are necessarily a joint effort, involving different actors plus society,” Vido analyzed.

According to Jucesp, the technology sector has also registered positive impacts during this recovery since new technologies will be fundamental for organizations and companies to remain competitive in the coming years.

“One of the reflections of the covid-19 pandemic was the acceleration in the digital transformation of companies. This opened space for those businesses that seek to develop and offer innovative and efficient technological solutions,” said the undersecretary of Science, Technology, and Innovation, Rafael Andery.

With information from Agência Brasil