The earthquake that struck central Mexico on September 19, 2017 killed over 350 people and caused extensive damage to the capital city and surrounding areas. Many more people were injured and even more now must face the loss of their homes or businesses. As survivors of this event, Mexico Business Blog grieves for our friends, neighbors, colleagues and all those whose lives have been so brutally disrupted. The details and descriptions of the earthquake itself have been reported comprehensively elsewhere, so in this post we would like to present some observations from our own experience and address the future of our community in the near to medium term. Continue reading What will happen to Roma and Condesa?
In March 2017, approximately two months ago, we accompanied representatives of a funding organization to the city of Tijuana to learn about the impact of Haitian immigration in the area. Tijuana, an industrial city located on the U.S.-Mexico border near San Diego, California, is well known as a last stop for migrants from Mexico and other Latin American countries before trying to enter the United States, legally or otherwise. Our colleagues at the foundation had provided funds for local organizations assisting the Haitian migrant community and they wanted to see how the money was being spent. What we found was truly remarkable. Continue reading Haitian migration impacting Tijuana economy and culture
Despite some adverse conditions facing Mexico at the moment (cough Trump cough), the Mexican government has kept up its steady promotion of the country as a destination for foreign direct investment. A couple of high-profile investments in the automotive industry appear to have been waylaid by threats or uncertainty over the future of NAFTA, but overall large foreign companies with long-term strategies for the Americas continue to establish new Mexico operations or expand existing ones. Within this context, we once again took a look at the less-heralded flip side of Mexico FDI – investment by Mexican companies in other countries. Continue reading Big Mexican companies keep investing abroad