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Brazilian Space Sector Among Priorities of Northeast Constitutional Financing Fund for 2021

15 Sep 2020, 11:22 UTC
Brazilian Space Sector Among  Priorities of Northeast Constitutional Financing Fund for 2021
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BRASILIA, Brazil (AEB PR) — The space sector was included among the guidelines and priorities for the applications of the Constitutional Fund for Financing in the Northeast (FNE) 2021. Administered by Banco do Nordeste, the special financing line will be important for the installation of companies in the space sector in the Alcântara region, in Maranhão.

The indication for the allocation of resources was made possible after the Brazilian Space Agency (AEB), an autarchy linked to the Ministry of Science, Technology and Innovations (MCTI), and the Northeast Development Superintendence (SUDENE) discussed the importance of including the space sector among the strategic areas to receive investments in 2021. Which will have an impact on the promotion and development of the Northeast region in the coming years.

Companies that install themselves in the Northeast region will have access to credit lines with different interest rates. In addition, they will be able to count on tax incentives administered by the Autarchy, among them those of Reduction of up to 75% of the Income Tax and Reinvestment.

The financing limits and terms of the FNE are guided by the nature of the credit line, the location, the size and the financing programs established by ...

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