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| Desenvolve SP | |
|---|---|
| Name | Desenvolve SP |
| Type | Public financial institution |
| Founded | 2011 |
| Headquarters | São Paulo, Brazil |
| Area served | São Paulo (state) |
| Key people | João Doria; Geraldo Alckmin; Paulo Skaf |
| Products | Credit, guarantees, investment funds |
Desenvolve SP
Desenvolve SP is a public development bank and financial agency established to stimulate investment and support industrialization and small and medium-sized enterprises in the state of São Paulo, Brazil. It operates alongside state institutions such as the Secretaria da Fazenda do Estado de São Paulo and collaborates with federal entities including the Banco Nacional de Desenvolvimento Econômico e Social and multilateral organizations like the Inter-American Development Bank. The institution provides credit lines, guarantees, and technical assistance aimed at sectors connected to infrastructure projects, technological innovation, and export promotion.
Created by state legislation during the administration of Geraldo Alckmin and implemented under subsequent governors including João Doria, Desenvolve SP traces origins to public policy efforts to modernize state development finance after precedents set by agencies such as the BNDES and regional actors like the Banco do Nordeste. Its establishment followed debates in the Legislative Assembly of São Paulo and fiscal coordination with the Secretaria da Fazenda do Estado de São Paulo. Early partnerships included agreements with the European Investment Bank and private participants such as SEBRAE and industry federations like the FIESP. Over time it expanded product offerings influenced by models from the Banco do Brasil and international development banks such as the World Bank.
The stated mission aligns with strategic plans used by peers in development finance: encourage productive investment, facilitate access to capital for micro, small and medium enterprises, promote technological adoption, and support urban and rural infrastructure compatible with state priorities like those in the Plano Diretor of major municipalities including São Paulo (city). Objectives emphasize partnership with export promotion agencies such as ApexBrasil and research institutions like the University of São Paulo to enhance competitiveness and regional integration with corridors linking to ports like Port of Santos.
Governance structure mirrors hybrid corporate-public frameworks found in institutions such as Caixa Econômica Federal and state-owned companies like CPObras with a board of directors, fiscal council, and executive presidency appointed according to state law. It coordinates with cabinets including the Casa Civil of the state and interfaces with oversight bodies like the Tribunal de Contas do Estado de São Paulo and the Ministério Público de São Paulo. Operational divisions cover credit analysis, risk management, investment funds, and technical cooperation, while advisory ties involve academic centers such as the Fundação Getulio Vargas.
Programs include low-interest credit lines for agriculture and agribusiness actors in regions like the Vale do Paraíba and Baixada Santista, credit guarantees for startups aligned with incubators at the Instituto Butantan and technology parks affiliated with the UNICAMP, and co-financing for municipal sanitation and transport projects with agencies such as METRO and the DAEE. It administers investment funds, risk mitigation instruments similar to those used by the Banco do Nordeste success stories, and technical assistance programs in partnership with SEBRAE and industry associations like CNI.
Funding sources comprise state budget allocations approved by the Assembleia Legislativa do Estado de São Paulo, capitalization via bonds and credit operations with commercial banks including Itaú Unibanco and Banco do Brasil, and concessional lines contracted with multilateral lenders like the Inter-American Development Bank and the European Investment Bank. Financial management adheres to standards practiced by peers such as BNDES with internal controls subject to audit by the Tribunal de Contas da União when federal resources are involved. Asset portfolios include long-term loans, guarantees, and equity stakes in funds targeting sectors like logistics linked to the Port of Santos.
Desenvolve SP reports indicators similar to development finance institutions: number of supported SMEs, volume of credit disbursed, jobs sustained in industrial clusters in the ABC Region, and leverage of private investment in projects in metropolitan areas like Campinas and Ribeirão Preto. Independent evaluations reference methodologies from the World Bank and Inter-American Development Bank to assess additionality and fiscal prudence. Case studies cite partnerships that supported exporters reaching markets accessed via the Port of Santos and industrial modernization efforts in partnership with FIESP and SEBRAE.
Critics draw parallels to scrutiny faced by other state financial institutions such as BNDES and question potential political influence in credit allocation following appointments by figures like João Doria and links to business groups represented by actors such as Paulo Skaf. Concerns raised in media and oversight hearings involve transparency compared with standards advanced by organizations like Transparency International and potential fiscal exposure highlighted in reports by the Tribunal de Contas do Estado de São Paulo. Debates continue in the Assembleia Legislativa do Estado de São Paulo about balance between developmental additionality and risk management.
Category:Finance in São Paulo (state) Category:Government-owned companies of Brazil