The Mexican Business Council and the U.S. Embassy work to promote the development of small and medium-sized businesses
Mexico City, March 19 (Infocro). The Mexican Business Council (CMN), through the Center for Mexican Competitiveness (CCMX), has collaborated with the U.S. Embassy in Mexico over the past four years in a joint effort to promote the development of small and medium enterprises (SMEs), as well as the local enterprises that support them in the seven states located in South/southeast of the country.
The working group has set as its main objective the promotion of a comprehensive vision for that region to promote joint projects, through strategic cooperation with allies such as international cooperation agencies, the federal government and national projects, using proven development methodologies and models.
One of the first actions of this alliance was to create a regional network of centers for SME development, based on the Small Business Development Centers (SBDC) model, in order to enhance long-term economic impact through business growth and job creation. Creation and formalization.
Brett Hamsik, Economic Affairs Officer at the US Embassy in Mexico, highlighted the effectiveness of these centers, noting that “through implementing this type of center in the United States for more than 45 years, we have observed that “the most effective way to generate employment opportunities is Providing advice and support to small businesses to find new clients, manage their finances, hire staff and obtain financing.
So far, three centers have been established in Tabasco, Quintana Roo and Yucatán, supervised and trained by a technical delegation from the US Embassy, the Mexican Association of Small Business Development Centers, and the Inter-American Development Bank.
Resources needed to operate the centers come from state governments and other partners.
In Latin America there are 203 SBDCs that in 2021 created more than 11 thousand new projects, created 33 thousand jobs, and increased sales by $263 million.
“Maintaining a network of SBDCs is an investment, not an expense, because for every peso invested, approximately 3 pesos are generated for the public treasury due to increased sales, jobs and economic activity,” Hamsik stressed.
In total, 10 programs were launched to enhance talent, encourage entrepreneurship and promote local supplier development, impacting 14,266 entrepreneurs and 9,850 SMEs.
Juan Carlos Ostolaza, Director General of CCMX, highlighted that “through these alliances, the Mexican Business Council contributes to the goal of major companies to support the development and growth of the South/South-East region of Mexico, which represents 6% of GDP, creating conditions necessary to promote resettlement and attract more investments.”
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