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President of Costa Rica concludes U.S. FDI mission

Staff writer |
President of Costa Rica, Luis Guillermo Solis concluded a week-long mission to the U.S. to promote trade and foreign direct investment (FDI) in Costa Rica.

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During the mission, the President and his delegation met with targeted executives from major U.S. companies and top-tier media in key markets such as Silicon Valley, California; Washington D.C. and New York, New York.

The mission officially launched in Silicon Valley with prospective company meetings, which resulted in two major expansion announcements by California-based technology companies: Intel and VMware.

Intel released plans to expand its Costa Rica operations with a new, one-of-a-kind mega-lab, which will immediately add 100 new positions, for an expected total of 350 employees by the end of 2014.

The mega-lab marks the first time that Intel has decided to consolidate its laboratories in a single location, making the operation the first of its kind. Costa Rica is already home to Intel's Development and Engineering Center and the Global Shared Services Center. With the new mega-lab, Intel will have 1,500 employees in Costa Rica.

VMware also announced to add 400 Costa Rican employees to its existing operations in the country by 2015.

The San Jose mission concluded with an exclusive speaking engagement with the Commonwealth Club and World Affairs Council, where the President addressed an audience of more than 350 business attendees.

In New York, the President hosted an exclusive luncheon of 100 executives and investors from prospective companies, which included testimonials to Costa Rica's business climate by executives from Proctor & Gamble and MicroTechnologies. The event was preceded by press briefings with high profile media outlets based in the New York area.

The President also conducted in-depth interviews with coveted print and broadcast media outlets in both San Jose and New York such as Bloomberg, Reuters, Wall Street Journal, Fortune, CNN en Espanol and to promote the benefits of investing in Costa Rica.

The mission also included a day of meetings in Washington D.C., where the President took the opportunity to meet with leading business groups in the city, including the Business Council of Latin America (CEAL) and the Council of the Americas.

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