Economy of Recife

prosperity of Northeastern Brazil that resulted from development promoted after 1960 by Sudene (Superintendência para o Desenvolvimento do Nordeste), a federal organization. Although its retail and wholesale trade have grown in response to the region's increases in population and wealth, the market area and the walkways of the city's bridges are crowded with vendors selling small items.

Recife has an area dedicated to information technology called "Porto Digital" (Digital Port) with more than 90 companies and 3,000 High Tech Jobs. It was founded in July 2000 and has since attracted major investments. Generating some R$10 billion (Brazilian Reais) a year, it produces technology that is exported to Japan, China, among other countries. Software manufacturing is the main activity in the Porto Digital. The Porto Digital cluster comprises small and medium companies, but multinationals like Accenture, Motorola, Samsung, Dell and Sun Microsystems are also installed in Porto Digital. IBM and Microsoft transferred their regional headquarters to Recife.

Porto Digital's startups can count on a ready pool of talent, courtesy of the Federal University of Pernambuco (UFPE), which boasts one of the best computer-science departments in all of Latin America. The school began teaching programmers to use Sun Microsystems Inc.'s (SUNW) Java language in 1996, the year it was introduced. Professors at the school also teamed up to launch Centro de Estudos e Sistemas Avançados do Recife (C.E.S.A.R), a business incubator that has played a vital role in the birth of some 30 companies.

The Metropolitan Region of Recife has the 2nd largest medical pool in Brazil, after São Paulo. Together they make up 417 hospitals and clinics with 72,000 employees in the Metro Area and more than 120,000 in the State of Pernambuco. The medical pool offers a total of 8,990 beds and, according to the Union of the Hospitals of Pernambuco, recorded in the