Nuevo Leon attracted more than US$4.3 billion in foreign investment during 2022

Nuevo Leon – During 2022, Nuevo Leon reported positive figures in terms of foreign direct investment (FDI) and support for small and medium enterprise (SME) owners.

As of October 2022, the state has confirmed 101 investments. 53 new investments and his 48 expansions of companies already operating in the state, worth a total of US$4.3 billion.

Most companies were in the manufacturing, automotive, logistics, furniture, and information technology sectors. Their origins were mainly from the United States (47 cases), China (22 cases), South Korea (6 cases), Germany (4 cases), and Denmark (3 cases).

“The entry and expansion of these companies will have a positive impact on the lives of families in Nuevo Leon, as they will help create 50,091 jobs,” said Iván Rivas, Minister of Economy.

The state also emphasized support for small and medium enterprises, which will account for over 97% of registered economic units in 2022, with PHP20,989 million lent in soft loans to 1,256 companies. Meanwhile, the entrepreneur was given his 4,098 microcredits totaling P30.2 million.

Additionally, under the successful SBDC model, 120 hours of training and 20 hours of mentoring were provided to 992 affiliated entrepreneurs, resulting in a 3x increase in sales.

“This is the largest effort the state has ever made to help small business owners,” added Rivas, adding that these trainings are offered at four major universities in the state (UDEM, Tec de Monterrey, UANL and U-Erre).

Finally, it was highlighted that 51 courses were offered to 3,110 participants through the Hecho en Nuevo León (Made in Nuevo Leon) programme, a program focused on entrepreneurs and micro-enterprises.

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