Midland Credit Management (MCM), a subsidiary of U.S.-based Encore Capital Group, Inc. (NASDAQ: ECPG), inaugurated new offices in Costa Rica on Monday, May 13. The company will move its operations to the former Yaohan building near the Technological City of San José, Costa Rica.

MCM arrived in Costa Rica in 2012 after an extensive site search across Latin America. The team began with 15 people and has grown to 330 employees, with plans to hire over 100 more people this year. The MCM Costa Rica team helps consumers in the United States and Puerto Rico recover from financial difficulty and turn toward a path of economic empowerment.

“The inauguration of the new MCM offices represents an extremely important step for Costa Rica, but especially for San José and the City of TEC. The arrival of leading companies, such as MCM, boosts the technology industry in the capital and positions the country as a regional leader in quality, efficiency and innovation. But, the most important thing is that today we celebrate many opportunities for wellbeing and growth for our population, especially for our young adults. In recent years, the company has grown from 15 to 330 employees and we expect them to continue growing. They have our support, we will continue working to cultivate the synergy of growth and mutual development, “said Minister of Foreign Trade, Dyalá Jiménez.

“This opening underscores our company’s commitment to Costa Rica. We are MCM’s only Latin America location because of the stability offered by the free zones, the great socioeconomic climate and the talent that can be found here. Additionally, the central location of our new offices allows for more sustainable commuting by our employees, who can now bike to work or use the train or bus. They will also have easy access to La Sabana Park to use as a recreation area“, commented Amene Ayub, General Manager of MCM Costa Rica.

The Municipality of San Jose has led initiatives to attract investment to the capital city, working to make it a true destination rather than simply a transit route.

The Mayor of San José, Johnny Araya mentioned “this inauguration opens the doors for more companies to settle in the capital, this is important to develop a regenerative economy, with a view to making it a friendly urban habitat with the undertakings linked with the services and, above all, with the new information and communication technologies. For this reason, the installation of this company in the city is a reason for enthusiasm, because we take another step, as a society, in the right direction, so that our urban spaces are more livable, competitive, modern and sustainable “.

The new building has two outdoor terraces, three recreation rooms, training areas and space for 500 employees. The parking tower is currently being completed. Institutions such as the Municipality of San Jose, CINDE and the Crestones Real Estate Fund joined efforts to demonstrate the benefits the capital offers for investment. MCM’s offices were formerly in the free zone in Heredia.

Press Release> CINDE