Business environment
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  1. Monterrey business environment Monterrey is recognized worldwide because of its strong industrial sector, quality international education systems, strategic geographic location for international commerce, great environment for business development, and high quality of living and health standards. These factors have given Monterrey a competitive edge for national and international institutions.

  2. Monterrey’s industrialization process was accelerated in 1890 with the establishment of one of the most important companies in the city, Cervecería Cuauhtémoc Moctezuma, an important Mexican brewery; followed by the company Fundidora de Fierro y Acero (steel foundry) in 1900. During that period, those companies represented an important source of work for thousands of people and they supported the creation of new industries. For example, Cervecería Cuauhtémoc Moctezuma, in the need of satisfying its own requirements, founded Vidriera Monterrey (glass), Fábricas Monterrey (cans), Empaques de Cartón Titan (boxes), Grafo Regia (packing), among many others that nowadays holds the grupo FEMSA.
  3. Today Nuevo León is the state with the second biggest FDI in Mexico. Monterrey and its metropolitan area play a key role; it contributes 7.5% of the country’s GDP, with a per capita income of 15,975 USD and it produces 10.9% of the country’s manufactured goods. Nuevo León’s main commercial partners include United States, Germany, Canada, France, United Kingdom and Japan.

  2. With more than 60 Industrial Parks in Monterrey and its metropolitan area, the city is home to important companies. Some of the most important national industrial groups are: ALFA, CEMEX, DEACERO, FEMSA, TERNIUM MEXICO, GIMSA, PROEZA, GRUPO QUIMMCO, VILLACERO, VITRO, GRUPO FRISA and XIGNUX. Some of the international groups are: BRITISH AMERICAN TOBACCO, JOHNSON & JOHNSON, AT&T, CATERPILLAR, GE, Y WHIRLPOOL, LG, JOHN DERE, TAKATA, IBM, BRIDGESTONE, VISTEON, etc.
  3. Monterrey conserves a solid economy based on manufacture and Industry. In recent years, Monterrey has taken large steps toward an economy based on knowledge and services. With this in mind, important projects have been undertaken to prompt new development areas related to research, information technologies, aerospace industry, medicine and tourism in the city.
  4. This city's industrial development dates back to the mid-1800s, when companies producing textiles, beer, steel and other industrial materials were established. In the twentieth century, the strengthening of these industries, along with further diversification into glass, metal mechanics, cement and educational services, helped consolidate the state's leadership position.

    Over the past two decades, other dynamic sectors have emerged, including auto parts, food processing, software development and financial services. Today, our well-diversified and modern economy accounts for 11%of Mexico's total manufacturing output and we are widely recognized for our entrepreneurial culture, elite pool of managerial talent, and business-friendly attitude.

    More than 1,800 foreign companies are currently established in Nuevo Leon. These companies have added to the many Mexican companies and industrial sectors. Together they have made Nuevo Leon a competitive, progressive state in various areas, including: the automotive industry, household appliances and electronic equipment. These companies are also helping to develop clusters that will characterize Nuevo Leon in the future, including the aerospace industry, software, specialized medical services and biotechnology. All of these factors will encourage our state to shift from a manufacturing-based economy to a knowledge-based economy.

    Competitive advantages

    * Privileged location on the NAFTA corridor
    * Human capital
    * World-class education
    * Modern infrastructure
    * Close link between academia and industry
    * Stable labor force
    * Pro-business environment
    * Same NAFTA time zone
    * High quality of life in a low cost region

 
INCENTIVES

  1. The government offers incentives in relation to payroll taxes, training programs, and assistance in the procedures for meeting requirements at three levels of government (federal, state, and municipal). Additional incentives can be negotiated, depending on the location of the new project, type of manufacturing activity, and the creation of jobs. The incentives subject to negotiation include: infrastructure works, fees with the State Public Registry, and construction permits.
  3. Fiscal
  4. * Reduction of or exemption from payroll taxes
  5. * Preferential rate on payment of fees in the Public Registry
  1. Labor
  2. * Training for personnel and scholarship program for workers.
  1. Economic:
  2. * Reduction in the price of land located outside the Monterrey metropolitan area.
  3. Sectors offering special opportunities include the Automotive, Software, Aerospace, Electric and Telecommunications, and Mechanical Metallurgy.

 

 

 

Source: http://www.nl.gob.mx/

http://turismo.monterrey.gob.mx

http://www.teamnafta.com