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City Profile2025-02-10

Mexico City: Latin America's Business Capital

Mexico City: Latin America's Business Capital

Mexico City has solidified its status as Latin America's leading business hub. With a metropolitan population of 21 million, the deepest talent pool in the region, and proximity to both North and South American markets, the city offers unmatched advantages for companies building at scale.

Talent Concentration

The numbers speak clearly:

  • **300,000 tech specialists** employed across companies, the largest tech talent hub in Latin America
  • **First in Latin America** for skilled talent availability in the 2024 IMD World Talent Ranking
  • Bilingual workforce culturally attuned to US business practices, enabling seamless cross-border collaboration

    • Investment Momentum

    Capital is flowing into Mexico City:

  • **$36 billion in FDI** attracted by Mexico in 2023, with nearly one-third (31%) flowing into Mexico City
  • **$5.8 billion in startup funding** secured by Mexican startups in 2024, a 45% increase from the previous year
  • Major tech companies including Google, Facebook, Amazon, and Salesforce expanding their presence

    • Strategic Position

    Mexico City connects markets like no other city:

  • **30 million people** within 50 miles, 84 million within 250 miles
  • Gateway connecting North and South America with efficient access to ports and borders
  • US proximity enables nearshoring advantages that offshore locations cannot match

    • Cost Advantages

    Building here costs less without compromising quality:

  • Hiring developers can be 50% cheaper than in the US or Europe
  • Under "Plan Mexico" (2025), companies in tech and manufacturing benefit from accelerated depreciation, workforce training grants, and dual-training programs
  • Fintech hub with over 200 startups having secured more than $600 million in venture funding

    • Recent Corporate Commitments

    Major companies continue betting on Mexico City. In November 2025, Salesforce opened its largest Latin American office in Polanco, with 192,000 square feet across five floors and capacity for 2,000 employees, demonstrating confidence in the city's talent pool and market potential.

    Why We Chose Mexico City

    SGV established our regional headquarters in Mexico City because this is where Latin American business happens. The talent, market access, and cost advantages make it the optimal base for coordinating portfolio operations across the Americas.

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