IBM to invest $300 million, create 1,000 jobs in Costa Rica

July 1, 2011

U.S.-based technology giant IBM announced Thursday it will invest approximately $300 million over the next 10 years in a new information technology service center in Costa Rica. The center is expected to create an estimated 1,000 jobs by 2014.

President Laura Chinchilla said 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.”

According to the Costa Rican Investment Board, in 2010 there were 210 foreign-owned companies operating in the country, generating 58,472 jobs.

You may be interested

Honduran opposition protesters take to the streets
Central America
554 views
Central America
554 views

Honduran opposition protesters take to the streets

Noe Leiva / AFP - December 15, 2017

Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
1661 views
Please Send Coffee!
1661 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
1361 views
Weather
1361 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…