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Known in the business world as Mexico's "Silicon Valley," Guadalajara has attracted significant levels of foreign investment. The multinational enterprises that Guadalajara hosts have helped to transform the city into an excellent place to do business.
- Portrayed as a "kind city" that is strategically located, Guadalajara is one of Mexico's key business centers, and along with the state of Jalisco is the leading commercial area in Mexico's western region. The State's commercial sector accounts for a large percentage of the total gross national product, and is exceeded only by the metropolitan Mexico City area in its economic importance.
- In addition to its open business environment and large number of foreign investments, Guadalajara is increasingly being known for its convention and exposition facilities. Most prominent is Expo-Guadalajara, a large-scale convention center that hosts numerous international events and is situated amid luxurious hotels that cater to the convention-goers' needs.
- Guadalajara is a dynamic commercial center with opportunities in virtually any industry sector. However, the leading sectors include: electronic components, agricultural equipment and supplies, furniture manufacturers, processed foods, food processing, packaging equipment, and supplies.
- One of the most important achievements from diverse administrations that have governed Guadalajara's metropolitan area is the agreement to support the continuity in strategic development sectors, specifically the high tech industry.
- At the state and municipality level, all major governing parties have had stable and peaceful transitions of power and maintenance of key economic development programs. Sensitivity to exchange rates has actually benefited global companies which have had incremental value in their budgets in domestic terms.
- Through the sophistication of projects and usage of existing infrastructure originally built for electronics manufacturing, a healthy diversification developed, attracting projects from other verticals such as automotive, aerospace, medical devices and telecom equipment.
- Guadalajara is home to eight of the top 10 contract electronic manufacturers worldwide including Flextronics, Foxconn, Jabil and SCI Systems, and original equipment manufacturers including IBM, DELL, HP, and INTEL. These companies, along with dozens of key suppliers, were attracted to Guadalajara because of its qualified labor force at all levels, a commitment by state and local government to continually improve infrastructure, education and other services for industry, and a high quality of life, including one of the world’s most favorable climates.
- Guadalajara has the third largest economy and industrial infrastructure in Mexico,and contributes 37% to the state of Jalisco's total gross production. Its economic base is strong and well diversified, mainly based on commerce and services, although the manufacturing sector plays a defining role. It is also ranked in the top ten in Latin America in terms of gross domestic product and the highest ranking in Mexico.
- The city also has to compete with China, especially for electronics industries which rely on high-volume and low wages. This has caused the city to move toward high-mix, mid-volume and value-added services, such as automotives. However, its traditional advantage of proximity to the U.S. market is one reason Guadalajara stays competitive.
Jalisco's Incentives:
- * Training for the labor force: including costs associated with sending residents abroad for training or bringing foreign experts to Jalisco to provide training
- * 100% discount on payroll taxes for newly created enterprises
- * 50% discount on payroll taxes for companies creating new jobs
- * Basic infrastructure: including cost discounts or exceptions associated with installation of electricity, drainage and other types of infrastructure
- * Infrastructure for caring for the environment: cost discounts associated with building and installing water treatment plants, as well as environment protection systems
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