AgeRio

AgeRio is an economic development agency based in Rio de Janeiro, Brazil. The firm aims to stimulate economic development in the state of Rio de Janeiro while maintaining environmental responsibility and good governance practices. The agency is a mixed capital company, linked to the state department of economic development, energy, industry, and services of the state of Rio de Janeiro. The agency offers loans since working capital to sophisticate investments in innovation. The agency invests in management, infrastructure, education, health, transport, tourism, leisure, sports, culture, and environment of the city. Through transfers of credit lines from institutions such as the Brazilian Development Bank (BNDES), from own resources or incentive funds, the agency invests in all sort of projects, from small to large businesses and contribute to create jobs and income, in addition to improve quality of life to people from the state of the Rio de Janeiro. The assets of the firm are managed by the executive board.AgeRio's investment portfolio is valued at over BRL382.32 million (USD$81.06 million), with investments in private equity.