Thinking of Starting a Small Business? Look to Mexico …

Published on: Jun 11 2013 by Thomas Lloyd

Living and investing in MexicoAre you or one of your clients interested in starting a small business?  Read this from Council of the Americas:


Shortly after taking office, President Enrique Peña Nieto’s government recognized the role of small business in Mexico’s economy by creating a government agency dedicated to entrepreneurship. The website of the new National Institute of the Entrepreneur (INADEM) points out that micro-, small-, and medium-sized enterprises represent 99.8 percent of all jobs and 72 percent of employment in Mexico. After inking the decree to get INADEM off the ground, Peña Nieto declared that small businesses “constitute the heart of the nation’s economic activity and are one of its greatest assets.”


Mexico already stood well positioned for new enterprises in Latin America; it ranked in the top five regionally both in terms of starting and conducting business, according to a 2012 World Bank report. The survey also placed it sixth when it comes to credit access—ahead of Argentina, Brazil, and Chile. Access to credit is a key part of starting a business, so the country is seeking new ways to build that access for small- and medium-sized enterprises.


It looks like things in Mexico are good for doing business, and getting better. Read the entire article here.


-by Thomas LLoyd

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