IMCO carried out a study with 73 Mexican cities and determined which are the best to work for and to invest in.
Monterrey, Chihuahua, Monclova and Nogales, four cities located in northern border states, are the best cities to work for, according to the Urban Competitiveness Index prepared by the Mexican Institute of Competitiveness (IMCO)
Meanwhile, the study determined that the best cities to invest in are Hermosillo and Guaymas, in the north, as well as Mérida and Ciudad del Carmen, in the southeast.
The index revealed this Wednesday the inequality that exists between cities in the north and south of Mexico, where the Valley of Mexico and Monterrey are the only cities evaluated at a high level.
IMCO studied the competitiveness of 73 Mexican cities, which generate 87% of GDP, host 64% of the population, and concentrate 89% of the investment.
“The northern part of the country has, in general terms, the best characteristics in economic matters, on average, the cities of this region have the highest credit to companies, the largest number of sectors, that is, the greatest diversity in the conformation of their economies ”, Stated Valeria Moy, director of IMCO.
The Urban Competitiveness Index found that among cities with more than 1 million inhabitants, the most competitive are the metropolitan area of the country’s capital, the Valley of Mexico, and Monterrey, the largest city in the north of the country and capital of Nuevo Leon.
Among cities with between 500,000 and 1 million inhabitants, the four most competitive are Saltillo, Durango, Mazatlán, and Hermosillo, all in northern Mexico.
Of the cities with more than 250,000 and less than 500,000 inhabitants, the three most competitive are Piedras Negras, Guaymas, and Nogales, all in entities bordering the United States.
“We are not surprised that the economic characteristics of the south-southeast of the country, in comparative terms with the rest of the country, are the lowest. The south-southeast has a huge lag, in general terms ”, commented the director of IMCO.
The IMCO warned that insecurity and violence are greater in the center of the country.
“In particular, on average, the cities of this region have the highest rate of vehicle theft and homicides, the lowest perception of security, and very, unfortunately, they have a higher crime incidence, these are areas in which we have to work”, I go.
To improve conditions in cities, IMCO proposed ten actions.
Among them are strengthening crime investigation units, harnessing energy from sanitary landfills, generating incentives for women to continue studying, limiting public spending on social communication, and diversifying municipal collection.
He also called for improving connectivity to electricity, natural gas, and telecommunications networks, making the public debt transparent, conditioning federal support for cities with urban development programs, creating local economic promotion agencies, and redirecting public investment.