- Highlights the “extremely powerful business network” of Galicia, with a foundation led by “family companies”
- Xunta seeks to attract investments and promote entrepreneurship through personalised advice, administrative simplification, and access to industrial land at zero cost for eight years.
Vigo, November 27, 2024
The president of the Xunta, Alfonso Rueda, today highlighted the work of Galician companies that “create wealth around the world” without losing “their identity and origin” and are committed to growing and reaching new markets from the community.
During the EY Entrepreneur of the Year Award ceremony – awarded to the president of Grupo Profand, Enrique García Chillón – the head of the regional government pointed to this company as an example “of the extremely powerful business network” in Galicia, with a foundation formed “fundamentally by family companies”.
Along these lines, he emphasized that the duty of the Administration is “to offer stability, accompany and provide the means for those who create wealth, which are the companies, to be able to work”. Among the main measures implemented by the Xunta to attract investments and support entrepreneurs is the creation of Entrepreneurship Hubs – with 15 active offices offering information and advice throughout the process – or the Galician Economic Office – to streamline and centralize the procedures for launching a project – as well as providing industrial land at zero cost for the first eight years and offering tailored micro-training to adjust workers’ skills to the new demands of the business network.
Galicia, a fishing powerhouse
Grupo Profand is a company in the Galician sea-industry chain, a fundamental sector for the community’s economy that contributes to Galicia being a fishing powerhouse. It should be noted that 90% of the community’s economic activities are linked to the sea, more than half of Spain’s fishing exports originate in the Galician community, and the sector mobilizes 9 billion euros each year.
