Over 1,000 Jobs Created under Madeira's CRIEE Program
Madeira GuideThe CRIEE initiative in Madeira has successfully generated over 1,000 jobs since 2015, with a remarkable 90% success rate, as announced during a ceremony for new employment contracts.
The Program for the Creation of Companies and Employment (CRIEE) in Madeira has been a significant driver of job creation since its inception in 2015. As of today, the program has successfully facilitated the creation of 1,008 jobs, boasting an impressive success rate of around 90%. This achievement was highlighted during a recent ceremony that marked the signing of 10 new contracts aimed at further promoting employment in the region.
The ceremony, held on May 4, 2026, was presided over by Paula Margarido, the regional secretary, and was attended by Pedro Gouveia, the president of the Instituto de Emprego da Madeira (IEM). These new contracts are set to create an additional 11 jobs, further contributing to the local economy.
The CRIEE program is part of Madeira's strategic efforts to boost employment and stimulate economic growth by supporting new business ventures and enhancing existing ones. The initiative's high success rate underscores its effectiveness and the positive impact it has had on the island's labor market.
Significance of CRIEE for Madeira
CRIEE plays a vital role in Madeira's economic landscape, particularly in reducing unemployment and fostering entrepreneurship. With its focus on sustainable job creation, the program not only provides immediate employment opportunities but also encourages long-term economic stability by nurturing small and medium-sized enterprises (SMEs).
The support from regional authorities and the active involvement of the Instituto de Emprego da Madeira are crucial to the program's ongoing success, ensuring that both new and existing businesses receive the necessary assistance to thrive.
- Over 1,000 jobs created since 2015
- 90% success rate
- 10 new contracts signed for further job creation
- 11 additional jobs expected from new contracts
For residents and tourists alike, the success of programs like CRIEE enhances the overall appeal of Madeira as a vibrant and economically stable region. This, in turn, supports the island's tourism industry, which is a major contributor to its economy.
Sources
Madeira Guide
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