By Chesney Hearst, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Outside investors are increasingly entering pacified favela communities ready to do business, and a new program called “Comércio Legal” (Legal Trade) is helping. In July, São Carlos and Macacos held an "afternoon of entrepreneurship", where representatives from financial institutions, micro-entrepreneurs and local business people gathered together to discuss future possible economic growth through incentives and lines of credit.
According to the president of the Commercial Association of Macacos, Flávio Duarte, the idea to promote a round of business credit arose when local merchants realized the area known . . .
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