As a result of the legal challenges posed by the United States to Mexican citizens residing there legally and illegally, the state could see an increase in entrepreneurial ventures undertaken by deported Mexicans and even those who have returned on their own, noted Fernando Rosas Palafox, head of the Secretariat of Economic Development (Sedeco).
The official explained that, unlike in previous years, these returning residents are not only arriving to spend on basic necessities and family activities, but are now showing a strong interest in acquiring property and establishing businesses.
“I foresee a significant economic boost, even more than usual. Many, given the situation in the United States, are considering re-establishing roots in Durango. They are considering investing in land, assets, and property that will allow them to return in the near future,” said Rosas Palafox.
Rosas Palafox emphasized that the agency has even assisted repatriated individuals who were not seeking financial support, but rather guidance on setting up businesses and small enterprises. “They are looking for ways to stay here in Durango. We’ve had several cases like this, and we believe that by the end of the year there will be a significant increase not only in remittances but also in direct investment,” he asserted.
The secretary added that, although there is no formal registry of the new businesses that have emerged in this context, the arrival of capital from Mexican nationals is increasingly visible in various municipalities throughout the state.
In addition to the return of Mexican nationals, Durango has also received investments from Sinaloan business owners who have sought to settle in the state, fleeing the violence in their home state, which has also contributed to the recent economic dynamism.
“We’ve had large businesses set up in Guadalupe Victoria, here in Durango, in El Salto, by people from Sinaloa who came more than a year ago, established them, and they are doing very well,” Rosas Palafox said.
Source: oem
