Costa Rica is opening its doors to an international leader in information technology, UST Global, and, in turn, the company promises to open up increased economic opportunities for the country. The service company is bringing 500 jobs and $2 million worth of investments to its center at the new CR Green Valley Business and Technology Park in Grecía.
UST Global’s Latin American president, John Gustafson, said that the company is relying on Costa Rican workers for leadership at the new center and to interact with a global clientele through high-quality service.
“UST Global has always been a leader and pioneer in the worldwide marketplace,” he said. “The opening of this new center is another positive step in strengthening our international network, differentiating our services, and visualizing an exponential growth in Costa Rica in the short term.”
The new location here joins a global network of company branches in Panamá, Mexico, Brazil, Canada, England, the United States, and numerous other countries.
According to the lead developer of Grecía’s new technology park, UST Global is the first country investing in the space. The UST building will be 5,000 square meters.
“We are building a high-tech model project for the country,” said José Antonio Herrero, president of the development group. “This will further allow Grecía to position itself as a place offering tons of potential for global businesses that are looking for a headquarters with top-notch facilities.”
UST Global’s eventual decision to choose Costa Rica had begun with talks in 2013 but was confirmed following a January meeting. Executives were met by Second Vice President Luis Liberman and representatives from the Coalición Costarricense de Iniciativas de Desarollo on that deciding visit.
Government officials are optimistic that these large investments and partnerships can set off chain reactions for many local economies. The minister of Comercio Exterior said it has always been one of this administration’s goals to attract the development of industrial parks and multinational buildings in places that historically haven’t received much investment.
“The joint arrival of UST Global and the new development of CR Green Valley Business and Technology Park are of great value to Grecía and other cantons who are looking to become competitive with high-tech companies and manufacturing,” said Anabel González, the minister.
UST Global is accepting applications immediately and the company said its looking for professionally trained technicians and those with experience working in information technology and network systems. The company was founded in 1998 in Aliso Viejo, Calif. Following a stated model of “fewer clients, more attention,” the company has grown rapidly and now employes around 14,000 employees worldwide.
The CR Green Valley Park is slated to include a section of technological industry buildings, a science park for research and university use, support offices, and housing.