When Fabio Auriemo founded his real estate development company, JHSF Participacaoes, in 1972, he could scarcely have imagined the heights to which it would one day rise. JHSF Participacaoes is now the leading developer of high-end luxury properties in the country of Brazil, with operations in almost every state in the country and brands owned overseas. Today, JHSF Participacaoes can rightfully claim to be one of the chief sources of Brazil’s remarkable economic expansion over the course of the last 30 years.
And no one was more instrumental in this transformation of the once tiny development company then Fabio Auriemo’s son, Jose Auriemo Neto. After taking over at the company that his father founded in 2001, Jose Auriemo Neto quickly began taking on some of the most ambitious and aesthetically stunning projects that the country had ever seen. Many of these projects created thousands of jobs and were able to shower the local economies in which they were built with millions of dollars in yearly economic activity. It is not an exaggeration to say that JHSF Participacaoes has been a major force for driving economic development all throughout the state of Sao Paulo.
One of the more economically significant projects that JHSF Participacaoes has engaged in has been the General Motors Brazilian Proving Grounds, the largest automotive proving grounds ever built in Latin America and a source of more than 100,000 jobs in the area. This project not only attracted vast amounts of capital from General Motors and other important automotive firms, but it also was able to directly create permanent jobs at a time in history when many people found it difficult or impossible to win steady work. Click here to know more about JHSF.
Such projects as these illustrate how Auriemo Neto has decided to run his company. Rather than simply looking at whether or not a given project can profit the firm and himself, Auriemo Neto always takes into account the larger macroeconomic circumstances, only choosing those projects that will have identifiable benefits for the surrounding community.