In order to attract Foreign Direct Investment (FDI) and accelerate the economic development of its municipalities, the 125 municipal governments of Jalisco, which begin their functions on October 1, will have to develop regional industrial corridors with a specific vocation.

According to the general director of the Association of Industrial Parks of the State of Jalisco (APIEJ), Javier Lemarroy, there are currently initiatives to develop a logistics hub, a technological hub and a manufacturing hub in the state.

"We are going to understand several municipalities where we are going to be working with city councils to establish infrastructure based on the needs of each sector, of certain places that have sectoral development potential," Lemarroy Mendoza told El Economista.

He explained that, in principle, the APIEJ is developing an inventory of productive capacities in each region of the state, and locating development poles; that is, potential lands to generate the industrial infrastructure.

Of interest: 70% of industrial demand is concentrated in northern Mexico

From there, the concept and master plans are developed to later "call investors, investment funds, and industrial developers to the table, so that they can bet on the lifting of the parks."

There are currently eight consolidated industrial corridors in the Guadalajara metropolitan area: El Salto, Periférico Sur, López Mateos Sur, Zapopan Norte, old Industrial Zone, Acatlán de Juárez, Tala and Lagos de Moreno, but the intention is to develop new development poles with based on the strengths of each region.

In the framework of the seminar on Governance and Good Practices, Successful Municipal Governments, organized by the Jalisco Congress, the APIEJ director general told elected officials that they must consider four elementary factors to attract FDI to their municipalities.

He pointed out that investors are looking for regional demand, production costs that, according to Lemarroy Mendoza, do not mean low wages, since "it makes them more attractive that there is an increasingly specialized workforce and mind."

The promoter of investment in Mexico also indicated that the third factor that local governments should consider is to promote regional public policies focused on accelerating the landing time of a company in their municipalities, even above the incentives it can offer.

The fourth factor to attract investment, he added, are the economies of agglomeration, that is, that in that region there are enough economic units dedicated to certain sectors and that the rulers have the exact mapping of the inventories of productive chains and capacities.

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Foreign investors decide where to establish their productive project based on a matrix in which they evaluate 12 factors.

The most relevant decision factors are proximity to the market, feasibility of increasing income, industrial ecosystems, technological development in the region, manufacturing costs, infrastructure conditions, both logistics and within the industrial parks, skilled labor and labor, conditions security, proximity to supply chains, distribution, quality of life in the region, timing and incentives.

In Solili you can find industrial buildings in Mexico City, Querétaro and Puebla

Original note