Mexico Establishes National Entrepreneur Institute Hispanically Speaking News
go to original January 13, 2013

Peña Nieto (C) attends the 95th anniversary of the Confederation of National Chambers of Commerce, Services and Tourism, CONCANACO-SERVYTUR. (Presidency of the Republic)

Mexican President Enrique Peña Nieto signed a decree to create a National Institute of the Entrepreneur, which seeks to aid micro, small and medium-sized businesses, or MSMEs, which he said “constitute the heart of the nation’s economic activity and are one of its greatest assets.

At the celebration of the 95th Anniversary of the Confederation of National Chambers of Commerce, Services and Tourism in Mexico City, Peña Nieto said that a state policy must be created to provide entrepreneurs with a comprehensive support system.

With its more than 4 million MSMEs, “our country has a great opportunity to boost productivity and raise the real income level of the Mexican people,” he said.

He added that MSMEs represent more than 99 percent of all businesses in the country, generate seven out of every 10 jobs and contribute more than a third of GDP.

The president said that Mexico has the potential to place itself in the coming years “among the most dynamic economies with one of the greatest growth rates.”

The president, of the Institutional Revolutionary Party, or PRI, has promised to promote Mexico’s economic growth to aid job creation, above all for the youngest segment of the working population, among whom there are currently some 7 million Mexicans who neither study nor work.

The responsibilities of the new Institute are:

• First. Create appropriate conditions for the development and sustained growth of MSMEs. The Institute will articulate and coordinate a national policy of development and support for entrepreneurs and micro, small and medium businesses.

• Second. Instil a new entrepreneurial culture in Mexican society. As part of this effort, it will create the National Entrepreneurship Network and the National Entrepreneurship Observatory. It will also encourage the exchange of successful experiences and the dissemination of international best business practices.

• Third. Promote public management oriented towards the success of Mexican business projects.

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