-
Cost-Effective Labor
Mexico offers a large pool of skilled, cost-effective labor. The wages are significantly lower compared to countries like the U.S. or Germany, yet the quality of work is comparable.
-
Tech Talent
Mexico graduates a large number of engineers and technical professionals every year, making it a hub for tech talent. There is also a significant growth in the number of people in Mexico learning software development and other tech skills.
-
Proximity
For North American companies, Mexico is conveniently close. This geographic proximity can facilitate easier management and oversight, faster transportation, and better collaboration.
-
Favorable Business Environment
The Mexican government has been taking steps to make Mexico more attractive to foreign companies, including tech companies, such as tax incentives, ease of doing business, and the development of tech hubs.
-
Trade Agreements
Mexico has free trade agreements with numerous countries, allowing goods and services to be traded freely, reducing costs and opening up new markets.
-
Growing Tech Ecosystem
Mexico's tech ecosystem has been growing in recent years, with a significant increase in the number of tech startups and venture capital firms. This can create synergies for new tech companies.
-
Large Domestic Market
With a population of over 130 million, Mexico itself is a sizable market. Additionally, Mexico's middle class has been expanding, providing a growing consumer base with increasing purchasing power.
-
Infrastructure
Mexico has good telecommunication and logistics infrastructure, particularly in urban areas. This is essential for tech companies, which often rely on good internet connectivity and transport networks.
-
Cultural Alignment
Mexican culture is significantly aligned with the western world which eases the process of integration and lessens the risk of cultural misunderstandings.
-
Time Zone Alignment
For companies in the U.S., having operations in Mexico means they can operate in similar time zones, allowing for real-time collaboration and coordination.
A Business Intelligence Service Provider
Here's our site map with additional resources and information
All rights reserved