| Foreign Tech Companies are Flocking to Guadalajara Martin Markovits - CGTN America | |
| go to original April 13, 2017 |
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Known as Mexico’s second largest city, Guadalajara is now also being recognized as Mexico’s Silicon Valley. Almost $120 million has been invested in over 300 local startups in the state of Jalisco since 2014.
Both Intel and Oracle have new installations there. Along with Jalisco’s proximity to the Silicon Valley, many of these firms are also taking advantage of numerous government incentives including tax breaks and subsidies.
Instead of just looking to the region to manufacture cheap products, these tech giants are now turning to Mexico for highly skilled workers.
The region from annually exports an estimated $20 billion in tech products abroad. And with more firms investing in Jalisco, that number is expected to grow even more in the future.
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