Investment Incentives in Mexico
Due to the success of Mexican government programs that incented inbound manufacturers, many incentive opportunities were withdrawn. Mexico had reached its goal of becoming a true full-process fully integrated North American manufacturing platform. By 2006 – 2008, few incentives were available to manufacturing firms with the exception of the Aerospace Industry. State and Federal governments alike wanted to attract North American and European aerospace manufacturers and their supply chains to capture the very high skill-level jobs that would come with aerospace manufacturing clusters. Queretaro, Chihuahua, Mexicali, and to a small extent the Monterrey area blossomed as Mexico’s aerospace industry took off.
Amazing incentive packages delivered this result as the Aerospace Industry in Mexico came into its own in a matter of two or three years. Capital equipment grants, assistance with infrastructure, real estate grants, and even an Aerospace Training Center in Queretaro were all part of the incentive environment in Mexico until the end of 2008. In 2011 and 2012 an expanded incentive environment launched for companies in the auto sector with new OEMs and Tier auto suppliers winning incentive packages in some locations.
In 2012 and 2013 Mexico’s government understands it must be competitive in the newly difficult economic landscape to entice foreign manufacturers to make relocation decisions in these uncertain times. Once again, valuable incentive packages are on the table from several sources. Each package is different as they vary by location, sector, level of financial investment, type/number of jobs created and strategic benefits to Mexico’s long term goals. In essence if your company will be creating quality jobs while making a substantial and long term investment in Mexico; the government wants to help you make that happen.
Source: http://www.mexicogov.org/incentives.php
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