Baja California goes for more investment and jobs
The industry sector and workforce are the main economic assets of Baja California. From 2012 to 2015, the industrial production growth rate picked at 7.3%, considering a 3% national average, according to Mexico National Institute of Statistics, Geography and Informatics (INEGI) data. Besides, the availability of workforce has been boosted by 82,000 migrants that arrived to the State and stress their labour market, resulting in the creation of 60,000 jobs last year. After two years of the administration, Governor Francisco Vega de la Madrid has focused on enhancing the economic development by boosting infrastructure, reaching more connectivity and lower energy costs, with the objective of attracting new investments. In accordance with Carlo Bonfante Olache, Minister of Economic Development in Baja California, the investment goal is per US$2.5 billion for this year. Local administration opened external offices aiming to have presence and trading margin in markets of Asia, Europe, the U.S. and Mexico. Tokio, London, San Jose California and Mexico City are cities from where officials work with potential customers and investors.