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 Business News | May 2007 
Mexican Businessmen Urging Investment
 Maria Leon - EFE
Mexican entrepreneurs are urging their compatriots in Arizona to invest wealth acquired in the United States in projects to boost the economy of their homeland.
At the Ventana de Mexico (Window on Mexico) trade fair, which ends Thursday in Tucson, businessmen from the neighboring country are touting the different investment opportunities in sectors like tourism and business startups.
"This event gives us the opportunity to meet in one spot with investors, developers, property owners, legal firms, hospitals, construction firms so that everyone has the resources and information necessary to be able to do business," Javier Godinez Villegas, president of the Binational Business Network Inc., and organizer of the fair, told Efe.
The event, which attracted more than 300 participants, is designed to promote investment, especially in small business opportunities.
"We're speaking about those investors who with a little bit of money can invest in restaurants, bars, cafes, in so many things that they can do," Godinez Villegas said.
The idea for Window on Mexico was developed in San Diego more than five years ago as a way to promote tourism in the region around the Sea of Cortez, or Gulf of California, which is surrounded by the Mexican states of Baja California, Baja California Sur, Sonora, Sinaloa, Nayarit and Jalisco.
Godinez Villegas said that being able to push the economic growth of this region helps to somewhat alleviate the problem of illegal immigration to the United States.
"If we can get a new restaurant started, with this we'll generate at least 10 new jobs," he said.
He added that this is a private sector effort that has the support and the guidance of the Mexican government.
"We're just asking the investors to believe in us, to trust that right now there is already a solid, legal and financial basis to be able to undertake investments in Mexico, to know that there's a need for you as Hispanics (and) Mexican immigrants to ... return to your country, but in another way," Godinez Villegas said.
For his part, Mexico's consul in Tucson, Manuel Calderon Jaimes, said that promoting the Sea of Cortez region as a site for tourist investment tightens relations between the United States and Mexico.
"By establishing legal mechanisms for investment in this area, it generates jobs and this is for me the main objective. The creation of jobs implies the reduction of undocumented immigration," Calderon said.
The event emphasizes the natural resources and the beauty of the Mexican beaches that offer an endless number of investment possibilities.
"We want our U.S. friends to be able to see this face of Mexico, which is not only a Mexico of undocumented immigrants. We know very well that it's a priority for the Mexican consulate in Tucson (to pay) attention to the immigrants, but also ... we have to attend to the task of documentation and ... the promotion of Mexico in all its splendor," the consul said.
He said that the small, medium or large investor can find in Mexico an excellent opportunity to open a business.
The event also had as one of its objectives involving the state of Arizona in a tourist development plan that equally benefits industry on both sides of the mutual border. |
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