The Catalan government will invest 68 million euros in ParcBit to attract businesses and talent.

PalmThe Balearic Government will invest nearly €68 million by 2030 in a plan to attract and retain businesses and talent at ParcBit, with initiatives to modernize infrastructure and build residences for researchers and students, among other things. Government representatives announced the plan on Monday, which aims to make ParcBit the "engine of change" for the economic diversification of the Balearic Islands and an "innovation hub" to attract companies in the sector, as stated by the Director General of Innovation and Digital Transformation, Sebastián González. The President of the Balearic Government, Marga Prohens, indicated that ParcBit has been prepared for this purpose during this legislative term through regulatory changes, the extension of the metro line to the park, and the inauguration of the Balearic Islands' research complex. In his speech, Prohens emphasized that this plan "is not just an investment in infrastructure," but a "strategic commitment" to transforming the Balearic Islands' production model "through knowledge, innovation, and talent." Also participating in the event were the First Vice President and Minister of Economy, Finance, and Innovation, Antoni Costa; González himself; and the President of the Spanish Association of Technology Parks (APTE) and CEO of Málaga TechPark, Felipe Romera. The plan to attract and retain companies and talent is structured around four main strategic lines. The first focuses on transforming and revitalizing ParcBit's corporate identity and communication, with the aim of "strengthening its brand and positioning it as a nationally and internationally recognized innovation hub." The second line of action focuses on investments in infrastructure and the natural environment, with initiatives to expand and modernize business spaces, improve buildings and shared services, promote advanced technological infrastructure, and strengthen the park's integration into its surroundings, with a "focus on sustainability and energy efficiency."

Attraction and retention

The third line of action deploys a specific program for attracting and retaining companies and talent, with measures to attract innovative businesses, facilitate the establishment of international initiatives, support business growth, and develop services for welcoming and retaining highly qualified professionals. Finally, the fourth line of action envisions the specialization of the park's management organization, with the aim of strengthening professionalization, improving governance, and providing ParcBit with a "modern, efficient, and results-oriented" management structure. During the event, the First Vice President and Minister of Economy, Finance, and Innovation emphasized that the plan consolidates ParcBit as a "key component" of the Government's economic transformation strategy and as a "driving force for high-value-added projects." Romera highlighted the importance of collaboration between technology parks and praised the twinning between ParcBit and the Málaga Technology Park as an "opportunity to promote talent mobility and the development of joint projects." González explained that ParcBit currently employs around 3,150 workers and is home to some 125 companies from various sectors, with a turnover of approximately €1 billion.