Governance and investment

Permanent economic governance

A coordination mechanism able to organise projects, identify obstacles, prioritise investments and follow up on institutional commitments.

Economic Governance Table (proposal)

Who could take part

A coordination and consultation role, without displacing the powers of regulators, municipal authorities or the commercial decisions of companies.

Municipal governments of Independencia, José Gregorio Monagas and Francisco de Miranda
Regional and national bodies with economic, industrial, environmental, tax, energy and infrastructure powers
Private companies and business chambers
Operators and contractors interested in the territory
Farmers, livestock breeders, fishers and forestry producers
Universities and technical training centres
Community and socio-productive organisations
Financial institutions and business support bodies, depending on the project

Seven functions

Project prioritisation

Select initiatives by feasibility, demand, employment, tax contribution, linkages and sustainability.

Institutional coordination

Identify permits, decisions and works that require several bodies to take part.

Obstacle management

Record problems that affect the execution of investments and assign follow-up owners.

Investment promotion

Present structured projects to investors, operators, funds and companies.

Supplier development

Connect contractors with regional manufacturers, transport companies and service providers.

Transparency

Publish non-confidential information on projects, commitments, progress and indicators.

Results evaluation

Review execution regularly and recommend corrective measures.

Roadmap

From the proposal to results

Timeframes are indicative and depend on budget availability, project maturity, permits and market conditions.

Phase I

0–90 days

Organisation and preparation

Set up the Economic Governance Table
Appoint technical leads for each municipality
Update the inventory of assets, land, services and infrastructure
Identify the projects that are most prepared
Survey the preliminary demand of operators and contractors
Define the format of the investment sheets

Phase II

3–6 months

Structuring opportunities

Prepare a prioritised project portfolio
Carry out feasibility studies
Design the Regional Training Programme for Productive Employment
Public services diagnosis by investment area
Assess locations for industrial parks
Business meetings with companies and investors

Phase III

6–12 months

Project launch

Start the projects that have feasibility, funding and authorisations
Activate the local supplier programme
Carry out the priority enabling works
Formalise training agreements with companies
Assess the first tax competitiveness instruments
Public follow-up of results

Phase IV

12–36 months

Consolidation and expansion

Scale up investments with proven results
Develop new industrial and logistics spaces
Strengthen agro-industrial, forestry and fishing value chains
Assess cargo transfer and river logistics
Promote the internationalisation of competitive products
Review indicators and adjust the policy

Contract governance

Clear rules for business confidence

Scope and responsibilities of each party
Verifiable schedules and milestones
Payment rules and invoicing terms
Performance indicators
Technical and environmental standards
Procedures for changes and disputes
Audit and accountability mechanisms
Integrity, conflict-of-interest prevention and regulatory compliance rules

Institutional performance indicators

Governance is measured by results

Each indicator will have a baseline, a verifiable source and a reporting frequency. They will be published in the observatory.

Response time to requests — Administrative efficiency
Projects with a complete technical file — Real readiness for investment
Investments formalised and executed — Turning opportunities into economic activity
Local companies brought in as suppliers — Productive linkages
Jobs created and sustained — Employment impact
Enabling works completed — Better territorial conditions
Fulfilment of institutional commitments — Quality of coordination
Environmental incidents and corrective actions — Environmental performance and compliance

Tax incentives

Instruments proposed for assessment

Better tax treatment with selective, temporary and transparent incentives linked to verifiable results.

Simpler tax procedures

Potential use: New companies and expanding businesses

Condition: Legal authority, digitalisation and clear procedures

Predictable tax calendar

Potential use: Industrial, commercial and service companies

Condition: Timely publication of obligations and dates

Selective municipal incentives

Potential use: New production facilities or expansions

Condition: Municipal ordinance, legal authorisation and fiscal assessment

Incentives for productive investment

Potential use: Projects that create installed capacity and jobs

Condition: Authorisation by the competent level of government

Benefits linked to training

Potential use: Companies that fund certified training

Condition: Valid legal instrument and verifiable results

Incentives for local processing

Potential use: Projects with processing and added value

Condition: Economic and legal impact assessment

Support for formalisation

Potential use: Small and medium-sized supplier companies

Condition: Simplified regime allowed by regulations

Incentives for environmental investment

Potential use: Energy efficiency, effluent treatment and circular economy

Condition: Eligibility, certification and the relevant authorisation

These measures are options for institutional analysis. They do not mean that the instruments are legally admissible or available. Municipal governments cannot offer exemptions on taxes administered by another level of government. No incentive comes into force by being published here.