Infographic: World Bank Index Challenges Perceptions of Mexico’s Most Business-Friendly Cities

March 25, 2015

taxes accounting business3/25/2015 Nearshore Americas

The World Bank’s ranking of the easiest and most difficult cities to do business in Mexico may come as a surprise to investors.

The nation’s capital, Mexico City, is the most difficult place to do business, while the relatively unheralded western city of Colima is the easiest, according to the latest Doing Business index. There is further bad news for more of Mexico’s most mature markets: the World Bank rates Guadalajara, widely known as “Mexico’s Silicon Valley,” as the eighth most difficult place to do business, while Monterrey, which is often described as the nation’s business capital, is only ranked the 16th easiest city to do business in.

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Why Auto Makers Are Building New Factories in Mexico, not the U.S.

March 20, 2015

By Dudley Althaus and William Boston, Wall Street Journal, 3/17/2015

Audi-Q5CHATTANOOGA, Tenn.—A barren patch in the rugged hills along the Tennessee River is a sign of how Mexico has accelerated past the U.S. South in the global competition for auto investment.

The tract of cleared woodland lies alongside a factory Volkswagen AG set out to build in 2008. VW took an option on the adjacent 800 acres as a place where its Audi unit might build a North American plant someday.

But four years later, when Audi decided to move global production of its Q5 SUV to North America, the prize went to Mexico. Audi now is finishing a $1.3 billion factory in a gritty south-central Mexico town called San Jose Chiapa. The plant’s massive buildings rise like supertankers from dun-colored fields where families scrape by raising corn and beans.

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Mexican President Wraps Up UK Visit with $1bn Oil Deal

March 6, 2015

AFP, Business Insider, 3/5/2015

Pool/AFP Jonathan Brady

Pool/AFP Jonathan Brady

London (AFP) – Mexico’s President Enrique Pena Nieto ended his three-day state visit to Britain on Thursday by overseeing the signing of deals that boost ties between the two countries in energy, including a $1 billion oil agreement.

Under the deal, Britain will provide Mexican energy firms with a $1 billion credit line (908 million euros) for buying British technology.

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Mexico president in crisis is losing support of big business

February 26, 2015

02/26/15 The Washington Post 

Bernardo Montoya/Reuters

Bernardo Montoya/Reuters

The full-page ad in Mexico’s national newspapers was unusual, if not unprecedented: 20 powerful business groups and think tanks publicly scolding the government for not doing its job. They demanded “conditions necessary to do their work … in total security, in all of the country.” The ad, published last month, called on President Enrique Pena Nieto to “honor your oath to observe and enforce the constitution.” The public criticism by Mexico’s business community underlines the eroding support for Pena Nieto’s administration as he enters the third year of a six-year term. Business leaders are angry over reforms that have increased the tax burden without sparking economic growth, scandals over apparent favoritism and acts of lawlessness that are hurting commerce.

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Mexico and Wal-Mart Launch Initiative to Improve Lives of Farmworkers

February 13, 2015

By Richard Marosi, 2/12/2015

Migrant farmworkersThe Mexican government and Wal-Mart, the world’s largest retailer, have announced steps to improve the lives of the nation’s farmworkers, two months after a Los Angeles Times investigation detailed labor abuses at Mexican agribusinesses that supply major U.S. supermarket chains and restaurants.

Mexico’s secretary of agriculture, Enrique Martinez y Martinez, announced the creation Thursday of a “historic” alliance of produce industry groups that will focus on enforcing wage laws and improving housing, schools and healthcare for the more than 1 million laborers at export farms.

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Why Mexico Is an ‘Undiscovered Opportunity’ for Entrepreneurs

January 20, 2015

1/15/2015 Inc.Magazine

businessIt was 2008 when Paul Ahlstrom from Alta Ventures chose Mexico as the next big opportunity to create and promote a venture capital industry. It’s been a long time since then. I was able to visit Monterrey, Mexico a couple months back and see a growing startup ecosystem in Mexico that was starting to become noticed. Here’s a brief overview of the last six years, during which Mexico developed into an operational entrepreneurship ecosystem and one of the best options for the entrepreneurs in Latin America.

For a long time the roadmap to success for anyone in Mexico was; go to a private university and get a job in a big company, climb your way up, and end up having a great and secure job. This has changed so radically that today we find that recently graduated engineers are looking to create a startups instead of accepting a job offer in the U.S. In a short time there has been the development of an entrepreneurial ecosystem that’s growing in every aspect: startups, funding and education. Recent statistics for Mexico show that:

  • Each year approximately 118,000 engineers graduate from college
  • 80 universities are focusing on engineering as their main area of knowledge
  • There are 45 venture capital funds
  • There are 100 accelerators and 20 incubators
  • 6.3% of people between the ages of 18 and 24 own their company.

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U.S., Mexico Officials Break Ground On San Diego Border Infrastructure Project

December 11, 2013

KPBS, 12/10/2013

Photo by Flikr user Rockin RobinU.S. and Mexico officials joined together on Tuesday near Otay Mesa Road and SR 125  to wave orange flags  and signal construction crews to begin work on a $700 million border infrastructure project. The goal of the new freeway, and eventually a new port of entry, is to cut border wait times and boost cross-border trade.

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