Carlo Bonfante Olache highlights investment promotion and support for small and medium enterprises

Carlo Bonfante Olache highlights investment promotion and support for small and medium enterprises

Oct 20, 2015

During the 2nd annual Government report, the State Secretary of Economic Development, Carlo Bonfante Olache declared that in a differentiated sector within an environment of growth, advocacy, retention and support to medium and small enterpreneurs, have contributed to the attraction of an investment of almost 2.3 billion dollars and the creation of 52,965 new jobs.
He pointed this out to the Deputies of the Bureau of Border Affairs, Trade and Economic Development and Industrial  Competitiveness as well as to the President Deputy Irma Martinez Manriquez, in the framework of the “Crusade for Employment and Economic Growth”, launched by Governor Francisco Vega de Lamadrid, in which resources, and incentives joined efforts to support the recovery of economic activities and to strengthen the competitive environment in the state.
For the repositioning of the state in the national and international scene, 10 working trips to countries such as France, Italy, USA, China, Taiwan, Korea and Japan, were carried out; $ 300 million USD deals were signed during these trips. Also, representative offices were opened in major world cities such as London, Tokyo, San Jose CA and Mexico City; and the state had participation in 8 strategic fairs, carrying out 550 visits to installed companies and 120 million pesos were granted as incentives in accordance with the Law of Public Works.
Carlo Bonfante Olache highlights investment promotion and support for small and medium enterprises

State Secretary of Economic Development, Carlo Bonfante Olache highlights investment promotion and support for small and medium enterprises (Photo: SEDECO)

To promote the mining industry, the “Mining Council” and the “Special Fund” were implemented, and the participation in specialized meetings was also crucial for the development of this important sector.

The state image was improved and new “Entrepreneur Development Centres” were opened. With an investment of 96 million pesos, National Institute of Entrepreneurship, the State Government and private companies activated programs to meet the enterpreneurs’ needs through every single stage of the business life. Products and services generated in Baja California were promoted in new national and international markets with the participation of local companies at initiatives such as ExpoAntad, Agrobaja and Cerveza Mexico.

487 MSMEs (medium and small enterprises) were supported with affordable loans of more than 58 million pesos, while the number of NPLs (Non-performing Loans) decreased to maintain healthy finances.

Another issue discussed was the progress in the Register of Realtors to give certainty to the transactions in the real estate market and the promotion of a development strategy based on clusters with support from an international certifying agency.

In reference to the State Council of Science and Technological Innovation, Bonfante Olache highlighted the participation in programs such as the “Joint Fund”, “Agenda for Innovation”, the “Incentives Innovation Program”, International Scholarships, the “Appropriation of Science Program” and the “National Week of Science and Technology”.

Regarding the State Energy Commission, Baja California was promoted as an ideal destination for investments in renewable energy that features high quality resources and a strategic geographic location. The Secretary also underlined the recent opening of new supply sources such as the “Independencia photovoltaic farm” (that supplies street lighting), and the hybrid power plant that serves the area of Puertecitos, in which CONACYT and UABC collaborated in a joint venture.

Finally, the State Secretary of Economic Development, Carlo Bonfante Olache, emphasized the need for effective collaboration to address the challenges and opportunities to continue to build together for the benefit of the people of Baja California.

 

Source: http://www.bajacalifornia.gob.mx/sedeco/

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