NEWS BY STATE

Baja California

The promotion of key industries such as biotechnology, electronics and aerospace, as well as the strengthening of the supply chain, are the main sectors with which Baja California is promoted as an investment destination. “Before it was a maquiladora state because only one thing was assembled with the other, but today things are produced here and that made us a transformation industry, now what we lack and that we are working on is the local supply,” secretary Kurt Honold said.

Sonora

Sonora has focused on attracting investment, looking for semiconductor companies, automotive manufacturers, production of cell phones, and other technological products, the location of the entity could serve as a complement to the economy of the neighboring country, especially when it comes to of more labor-intensive companies. Sonora can stand out a lot in areas of opportunity, such as semiconductors because very large companies in this sector are setting up in Arizona, which will require their support companies to set up near them.

Nuevo Leon

Today, Nuevo Leon is one of the most attractive destinations for investments, which, hand in hand with nearshoring, will lead it to grow its economy by 6% this year.

In 2023, the expected rebound of the state’s Gross Domestic Product (GDP) will be the highest after the one registered in 2010, when it totaled 7.6 percent.

CHIHUAHUA

Chihuahua representatives were present at FAMEX 2023, the most important aerospace event in Mexico, with the objective of attracting foreign investment, generating more and better jobs, and continuing to position the state of Chihuahua as a leader in this industry.

During the event, Fernando Alba, Undersecretary of Mining, Industry, and Energy participated in the Foreign Investment Seminar, in the panel “Soft landing services: site selection”, where he discussed the strengths of Chihuahua as a national leader in the aerospace industry, and foreign investment destination for the global industry, in the company of representatives of the Ministry of Foreign Affairs, Ministry of Economy of the Federal Government and the National Bank of Foreign Trade (Bancomext).

Coahuila

The Mexican Association of Industrial Parks estimates a demand of 2 million square meters in the last 15 months.

In view of the expectations for nearshoring in Mexico, the Mexican Association of Industrial Parks registered in the last 15 months a potential demand of 2 million square meters of industrial space in the country and Saltillo is one of the cities where even unbuilt sites are being pre-rented.

Tamaulipas

Tamaulipas’ economic indicators continue to rise and, according to the Quarterly Indicator of State Economic Activity (ITAEE), annual growth was at least 1.0% during the fourth quarter of 2022, as part of the positive movement of 35.8% in primary economic activities and 1.6% in tertiary activities.

The ITAEE indicated that during October, November and December 2022, Tamaulipas led the growth charts at the national level in primary activities, where the sector of agriculture, breeding, animal husbandry, exploitation of animals, forest exploitation, fishing and hunting is included, with 35. 8 percent.

Guanajuato

Approximately ten new technology projects are expected to be installed in Guanajuato with an estimated investment of 861 million dollars as part of the transition that this market is managing towards Industry 4.0.

The entity has maintained the pace of net industrial demand at the close of 2023 reporting a 20% increase over the amount recorded at the end of the first quarter of 2022.

These figures are ratified by the results issued by the National Institute of Statistics and Geography when presenting the Monthly Indicator of Industrial Activity by Federal Entity, where it registered a 10.5% year-over-year growth, comparing the figures for December 2022 with those for December 2021.

Growth in Guanajuato’s manufacturing industry registered an annual increase of 10.6%, as well as in the generation, transmission and distribution of electricity, water supply and piped gas to the final consumer, where the annual increase was 9%.

These expansions are related to the manufacture of components for electric vehicles, where two of these investments will be installed in Irapuato, while the third will be for Leon.

Queretaro

At the beginning of 2023, the manufacturing, commerce and nearshoring sectors have been the driving force for investments in the Bajio region, and the trend is positive with the arrival of new projects, resulting in a 2.9 percent growth in industrial land in the state of Queretaro.

This is according to the consultancy firm Newmark, which released the results of industrial activity in the states of Queretaro, Guanajuato and Jalisco, where there is a Class A inventory of 20.7 million square meters.

In the reports prepared by Diana Merino and Fernando Lara, analysts of Newmark’s Market Research division, it is highlighted that the growing national demand has imposed new challenges for the industrial sector.

In the case of Queretaro, during the first quarter of this year, there was a recovery trend in absorptions, reporting operations that resulted in a positive effect on the figures, an increase in the construction area of just over 295 thousand square meters and an availability rate that increased slightly, closing at 2.9 percent.

Aguascalientes

Aguascalientes will host the third North America Automotive B2B Meeting on November 29 and 30, 2023. This great event of the automotive sector seeks to meet the new provisions of the Free Trade Agreement that require a much higher regional content of vehicles made in Mexico, so the industry and government institutions are in the task of strengthening the supply chain and the development of local suppliers to replace imports of foreign components with domestic components.

This third edition seeks to generate a business meeting between local and national sellers and buyers of the automotive industry that, through the Economic Cooperation Agency, encourages SMEs producers to join the automotive value chain.

According to the moderators of the press conference, there are currently 413 companies registered for this third edition of the event, which is a perfect fit for the economic development of the country and the region. In addition, it was mentioned that the new free trade agreement, which comes into effect this year, requires that 75 percent of auto parts must be manufactured in the United States, Mexico and Canada, which represents a golden opportunity for national economic development.

The meeting will be attended by delegations from Japan and South Korea, which will show the main technological advances in the sector.

Jalisco

According to Inegi’s Quarterly Indicator of State Economic Activity (ITAEE), corresponding to the fourth quarter of 2022, Jalisco’s economy registered a 5.05% growth compared to the previous quarter, in seasonally adjusted figures.

According to the latest data published by Inegi, such growth placed Jalisco in ninth place in the national ranking in terms of economic growth, which represented an advance of ten positions with respect to the fourth quarter of the previous year, when Jalisco ranked 19th in terms of growth rate.

By type of activity, primary activities registered the highest growth with 5.96% in the fourth quarter of 2022 compared to the same quarter of the previous year; secondary activities grew 5.36% and tertiary activities 4.27%.

Cdmx

For the remainder of the administration of the head of the Government of Mexico City, Claudia Sheinbaum Pardo, 16 billion pesos will have been attracted for the Vallejo-i area, this amount of investment is in addition to the 14 billion that the area has already attracted since the project began, informed the head of the Secretariat of Economic Development, Fadlala Akabani Hneide. Derived from the Forum of the Circular Economy Law of Mexico City, he explained that this next amount of capital that is being sought is due to the industrial moment that the country is facing and that has to do with nearshoring. Regarding the sectors that are expected to be detonated with future investments, he explained that the aerospace, automotive, and pharmaceutical sectors stand out. He also said that due to the demand for industrial spaces in the area and the desire to make these three industries grow, a plan is being developed to improve Vallejo’s connectivity with the AIFA and the AICM.

State Of Mexico

Delfina Gomez, candidate of the “Juntos Haremos Historia” (Together We Will Make History) joint candidacy for governor of the State of Mexico, explained that if she wins, she will take advantage of the commercial transportation capacities provided by the Felipe Angeles International Airport (AIFA) and the state’s highway network to turn the State of Mexico into the country’s logistic center. “The highway infrastructure will be used, as well as main and secondary roads and accesses to industrial parks to the main roads and highways that surround the State of Mexico to facilitate commercial traffic”. After maintaining a private agenda, in a press release from Delfina Gomez’s campaign team, they pointed out that it will be important to create and modernize industrial parks, as well as to disseminate development programs in mining, automotive and agriculture.