Data shows a surge in US citizens migrating to Mexico. Compared to 2023, twice as many Americans relocated here in the first 4 months of 2024. This follows a broader trend with permanent residency permits for US residents jumping 69.9% between 2019 and 2022.
Global fiber optic leader YOFC has officially opened its first Mexican factory in Lagos de Moreno, Jalisco, creating 200+ jobs and supplying high-quality products for the domestic telecom industry. This $19M USD investment strengthens Jalisco's position as a high-tech nearshore hub.
Iberia and Volaris have forged a comprehensive codeshare agreement to enhance connectivity between Europe and Mexico. The codeshare agreement grants Iberia passengers access to 25 additional destinations within Mexico, including Puerto Vallarta, on Volaris flights from Mexico City.
Jalisco has emerged as a national leader in job creation, showcasing impressive economic growth. Between December 2018 and May 2024, the state generated 231,562 new employment opportunities, accounting for 12% of all new jobs created in Mexico during this period.
For May 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 2.5%, compared to May 2023. Puerto Vallarta airport presented an increase in passenger traffic of 3.2%, while Tijuana, Guadalajara, and Los Cabos airports presented a decrease of 5.2%, 2.7%, and 1.7% respectively, compared to May 2023.
A KPMG study reveals that Mexican companies have been strategically allocating at least 10% of their revenue towards digital transformation for several years. This effort goes beyond simply building a strong online presence, as the rise of AI has spurred companies to adopt a wider range of new technologies.
Quintana Roo, the Mexican state overseeing the Yucatan Peninsula, announced Cozumel as the first Mexican port to utilize facial recognition biometrics. This technology aims to improve security, expedite processing times, and enhance the overall experience for both staff and cruise passengers.
As May comes to an end, there have been three heat waves affecting most states in the country, including Jalisco. According to the National Meteorological System (SMN), the third heat wave will end on Tuesday, May 28. At least two more heat waves are expected in June, marking the end of the 2024 Heat Season.
With a significant portion of the working-age population lacking the specific skills demanded by businesses today, Jalisco has launched a new Employability System to tackle a skills gap and boost job growth. The system aims to cultivate a robust talent pipeline that aligns with the evolving job market.
Swiss food giant Nestlé recently announced a $225 million expansion of its pet food factory in Silao, Guanajuato, Mexico. This project is expected to create 94 new jobs at the factory, which currently employs 600. The investment adds to over $770 million Nestlé has poured into the Silao facility over the past decade.
