Jalisco Tech Hub Act activates its ability to attract investment
El Economista | April 03, 2023 |

The Jalisco Tech Hub Act public policy, created so that the state can make the most of nearshoring, attracted new investment intentions to the entity at the end of the first quarter of the year. With this public policy, the state expects to attract more than 3 billion dollars of FDI this 2023.

The general strategic coordinator of Growth and Economic Development of Jalisco, Francisco Xavier Orendáin De Obeso, told El Economista that during a recent visit to the corporate offices of technology companies in Silicon Valley, they made new investment commitments for the entity.

Consult here: Solili Industrial Report 1Q 2023, industrial demand in Mexico grew 47% compared to 1Q 2022

"Flextronics announces the opening of a new headquarters, C3 AI (business artificial intelligence software company) confirms its growth, HP also confirms the creation of more than 200 new jobs," he explained. According to the official, the implementation of the public policy -which contemplates a budget of more than 2,200 million pesos- is advancing in a timely manner.

The operating rules are already on the street, the new campuses of the Mario Molina (technological institute) are about to start; the incentives are also already published, we are on time, and investments, there is a very large list in the pipeline”, he said.

For her part, the president of the Commission for Competitiveness, Economic Development, Innovation and Labor of the local Congress, Laura Gabriela Cárdenas Rodríguez, commented that no later than next June, the Legislative Branch will approve all the "legal scaffolding" required by the policy public for its operation.

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He explained that since it is a transversal policy that involves different agencies, it requires reforms to the Investment Attraction Law, the Science and Technology Law, the Higher Education Law, the Energy Law and the Public Treasury Law, among others.

“It is a great reform to different laws, it is a transversal reform and it all fell into my commission; We are going to generate all the possibilities in energy matters so that whoever decides to invest in Jalisco has the conditions to be self-sustaining and that this vision of economic development has sustainability; it is a policy with social justice for the development of talent”, commented the legislator.

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