Guadalajara is the capital of the Mexican state of Jalisco. It has population of 1,564,514, and is he second largest metropolitan area in the country. It is first in terms of high tech manufacturing and design. Guadalajara is an epicenter of business and manufacturing in west Mexico.
The citys economy is based on two main sectors: commerce/tourism and industry. While commerce and tourism employ about 60% of the population, industry and manufacturing, in particular, have been a main engine of economic growth and the basis of Guadalajaras economic importance nationally. This is true even though these economic activities employ about a third of the population. Guadalajara has the third largest economy in Mexico, and possesses one of the best infrastructures for industrial development in the country; it contributes thirty-seven percent to the state of Jaliscos total gross production.
In 2007 FDI magazine referred to research demonstrating that Guadalajara was the top ranking major Mexican city. The report also highlighted that it has the second strongest economic potential of any major North American city, only Chicago scored higher. Guadalajara was deemed the city of the future due to its young population, low unemployment rate and large number of foreign investment deals; it was also found to be the third most business-friendly city in North America.
Guadalajara has a well-established security complex and law enforcement policy to defend all projects with a constructive influence on its population in terms of economic development and job creation. NAFTA regulations also establish effective Mexican IP protection regulations that ensure patents and other intellectual assets are securely developed and protected internationally.
Guadalajara is the second largest GDP in Mexico. Its population averages 22-year-olds, ensuring a large pool of talent for years to come. In addition, the city has services to accommodate a wide range of businesses such as: electronics, aerospace, automotive, medical, and others. There are also other traditional industries such as shoes, tobacco, textiles, logistics and transportation, beverage and food processing. Guadalajara has been able to attract globally known companies involved in information technology, innovation, and services. A sampling of these firms include Jabil Circuits, FoxConn, Kodak, Hewlett Packard, Flextronics, Sanmina, Honda, and IBM.
Electronics manufacturing services (EMS) in Guadalajara has a huge economic impact on the city with a large number of international firms having manufacturing facilities in the area. The economy is continually growing due to an increase in foreign investment and a recent boom in manufacturing. It is now called high-tech Mexico with over 140 electronics companies and the worlds biggest concentration of electronic contract manufacturers.
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In 2007 FDI magazine referred to research demonstrating that Guadalajara was the top ranking major Mexican city. More >>