The state government is intensively promoting the two recently created industrial parks in Yucatan to international investors from the United States, Canada, and Japan, as well as national and local business chambers.
After almost a month since the presidential decree creating the Well-being Progreso 1 and Merida 1 Industrial Parks took effect, the Economic Development and Labor Secretary reported that companies in the automotive, semiconductor, information technology, and medical instrument sectors are interested in setting up factories in these industrial parks. However, due to confidentiality and protection of investment intentions, the names of the interested companies cannot be disclosed at this time.
Governor Mauricio Vila and the Secretary of Economic Development and Labor have promoted the Industrial Parks nationally with local business chambers and internationally with embassies through their commercial attachés and local business chambers.
“The governor is meeting with chambers to enable local companies to join one of the two parks and generate investments in the state,” emphasized Secretary Ernesto Herrera Novelo, head of the Economic Development and Labor Secretariat.
In the case of the United States, to boost the semiconductor sector, Secretary Herrera Novelo participated in a meeting organized by the US Agency for International Development (USAID) and the Mexico-US Foundation for Science (FUMEC), aiming to identify market opportunities, conditions, and requirements for companies and regions in Mexico willing to integrate North America’s semiconductor supply chain.
Seeking new investments
In recent weeks, officials from the Economic Development and Labor Secretariat (SEFOET) met with the Quebec delegate general in Mexico, Stephanie Allard-Gomez, to present the state’s economic landscape and reinforce commercial ties.
Canada showed interest in investing in technology and energy sectors.
Another promotional meeting was held with the Japan Mission Adjunct Chief Hirota Tsukasa. The same exercises were performed with embassies from Finland, Sweden, and Switzerland.
Yucatan presented its strengths, competitive advantages, and strategic projects, including the Industrial Parks, highlighting their characteristics, benefits, and tax incentives such as federal income tax (ISR), state, and municipal taxes.
SEFOET emphasized that thanks to teamwork with the federal government, they achieved the management of the two Industrial Parks, Mérida 1 and Progreso 1.
This initiative aims to cater to 11 industrial branches: electrical and electronics, semiconductors, automotive (electromobility), auto parts and transportation equipment, agro-industry, metals and petrochemistry, energy generation and distribution equipment (renewable energies), machinery and equipment, medical devices, pharmaceuticals, and information technology and communications (TIC).
Progreso 1 Industrial Park is located on 223 hectares at kilometer 24.5 of the Mérida-Progreso highway. An additional 110 hectares are being donated to the Secretariat of National Defense for the construction of the Maya Train Multimodal Terminal, a strategic logistics center that will enable various operations related to loading and unloading goods.
Merida 1 Industrial Park is located on 60 hectares alongside the Yucatan Scientific and Technological Park in Mérida’s municipality.
Among the fiscal benefits designed to encourage new investments in these industrial parks are federal government incentives such as accelerated depreciation over the first six years for entrepreneurs to recover their investment in fixed assets and deferred tax payments; exemption from Value-Added Tax (IV) within and between parks during the first four years.
