Following the announcement that Durango was included in the first stage of the National Plan for Well-Being Development Hubs, Fernando Rosas Palafox, the state’s Secretary of Economic Development, stated that this recognition represents a historic opportunity to spur investment, create jobs, and position the state as a key player in the country’s industrial growth.
“The fact that Durango is included as a development hub means that we will have tax incentives and benefits within Plan Mexico, which will translate into greater investment. This region, in particular, will see a significant upswing in job creation,” the official stated.
Competition with established states
Rosas Palafox acknowledged that, until now, Durango has had to make more of an effort than states with established industrial ecosystems such as Nuevo León or Jalisco. However, he considered that the new status as a development hub narrows that gap and provides a real competitive advantage.
“Being included in this national strategy helps us a lot. While states like Nuevo León or Jalisco receive investment almost automatically, we have to work ten times harder to attract companies. Now, with this federal support, it will be easier to compete,” he noted.
He emphasized that although the resources available at the state level have not always been sufficient to compete with large industrial states, Durango’s inclusion in this strategy opens up new possibilities for attracting foreign and domestic investment.
Companies reorganize investments due to tariffs
On another topic, Rosas Palafox reported that three companies have temporarily suspended their investments in Durango due to issues related to tariffs and restructuring of their production lines.
One of them, the Chinese automaker SEV, decided to withdraw its investment from the state. Meanwhile, the firms Sensata and HBP are in the process of restructuring their operations.
Despite these adjustments, the secretary assured that efforts to attract new investment continue, including a US company that is awaiting trade policy definitions from the US government.
Source: milenio
