Nearshoring has emerged as one of the most significant economic trends in Mexico, and San Luis Potosí (SLP) is positioning itself as a strategic hub for this phenomenon. With a prime location, business-friendly policies, and a government committed to regional development, SLP offers an attractive platform for international companies looking to relocate their operations.
Recognized Competitiveness by IMCO
The Mexican Institute for Competitiveness (IMCO), in its recent study «Nearshoring: Priorities for Regional Development,» highlights San Luis Potosí as one of the most competitive states for attracting nearshoring investments.
The report evaluated four key areas:
- Labor market
- Availability of basic inputs
- Housing and public services
- Rule of law and regulatory environment
While the study identifies areas for improvement, it also underscores that SLP possesses significant advantages, making it an ideal destination for international companies in 2024.
Competitive Advantages of San Luis Potosí
According to the State Secretaryof Economic Development (Sedeco), San Luis Potosí offers several key benefits for companies looking to establish a presence in Mexico:
- Political and economic stability: The state has proven to be reliable and attractive for international investments.
- Legal certainty and safety: A stable environment fosters business confidence.
- World-class infrastructure: Strategic connectivity facilitates trade with the U.S. and other key markets.
- Focus on sustainable development: Economic policies balance business growth and community benefits.
- Simplified administrative processes: Efficient procedures ease the establishment of new companies.
Government Commitment to Nearshoring
Governor Ricardo Gallardo Cardona has made nearshoring a strategic priority for the state’s economic development. During the Mexico Nearshoring Summit 2024, he emphasized initiatives to strengthen infrastructure, energy supply, and local talent, creating a competitive environment for international businesses.
In the first half of 2024, San Luis Potosí attracted $1.374 billion in Foreign Direct Investment (FDI), representing 3% of the national total. This positions the state as the 10th largest in Mexico for investment and job creation.
Why Choose San Luis Potosí for Nearshoring?
The combination of strategic location, robust infrastructure, and business-friendly policies makes San Luis Potosí an unmatched destination for investment. Companies that establish operations in the region gain access to Mexico’s primary export market—the United States—while leveraging an environment designed to maximize their competitiveness.
DBM Group: Your Strategic Partner in Mexico
At DBM Group, we understand the unique needs of international companies looking to expand their operations into Mexico. Our tailored services ensure a seamless setup process in San Luis Potosí, allowing you to capitalize on the nearshoring boom and achieve your business goals.
Ready to be part of the change?
Contact us today and learn how we can help you establish your business in one of Mexico’s most dynamic regions. 🌟
