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SelectUSA: The Gateway for Mexican Companies to Enter the U.S. Market

By Dinorah Becerril

Nacional

December 11, 2024





In the past four years, Mexico has risen in the rankings of countries that invest the most in the United States (USA), moving from 19th to 15th place. This demonstrates a growing interest from Mexican companies in participating in what is considered the world’s largest economy.

Clarissa Bonillas, Internationalization Specialist at SelectUSA—an initiative of the U.S. federal government aimed at promoting and facilitating foreign business investment—reported success stories totaling nearly $700 million and more than 2,000 jobs generated by Mexican companies in sectors such as manufacturing, food and beverages, services, and others across various U.S. destinations.

“The contribution of Mexican companies to these figures is quite remarkable. We believe this is a program that very few are aware of and that more companies should explore. We know that only a small percentage of the investment coming to the United States has benefited from the support we offer, which is completely free for businesses,” she stated.

For 11 consecutive years, the U.S. has maintained its position as the top global destination for foreign investment, making it an incredibly attractive market. Currently, there is a growing interest among Mexican companies to invest in and expand their operations to the U.S., Bonillas explained.

The six sectors in Mexico experiencing the highest growth in investment in the United States, she listed, are: Food and Beverages, Auto Parts, Plastics, Professional Services, Communications, and Metals.

"We have seen an upward trend of Mexican companies expanding into the United States. The number of opportunities for Mexican businesses in the U.S. is limitless. We’re talking about 56 states and territories, each with its own economy, interests, and incentives," she explained.

SelectUSA works directly with economic development organizations at the state, county, and city levels to support foreign business owners. This collaboration serves as a support network to provide resources and information to foreign companies, facilitate administrative processes, and introduce them to state and local incentives.

"SelectUSA acts as a one-stop shop with geographic neutrality, meaning we represent all states, cities, and territories in the United States equally. We provide personalized assistance and guidance to each company, leveraging our relationships with business organizations in our respective countries to host events and promote the program," she stated.

“2025 SelectUSA Mexico Conference”

As part of its mission to promote foreign investment, SelectUSA is preparing its 2025 SelectUSA Mexico Conference in Mexico City, scheduled to take place on February 25 and 26.

Over these two days, the event will showcase the opportunities and competitive advantages offered by U.S. states for various industries.

This marks the second edition of the event in Mexico, aimed at connecting the Mexican business community with representatives from the economic organizations of different U.S. states. These representatives will provide detailed information about investment opportunities.

Presence in Mexico

In Mexico, the U.S. Embassy operates 11 consular offices through which it has engaged with various business organizations and local governments. These entities recognize the economic value that the internationalization of businesses towards the U.S. brings. For instance, governments from states such as Guanajuato, Chihuahua, Sonora, Nuevo León, and Baja California have had the opportunity to participate in the SelectUSA Investment Summit, held annually in Washington, D.C.

Santiago Dávila, Commercial Officer at the U.S. Commercial Service in Mexico, stated that to expand its areas of operation in Mexico, SelectUSA has coordinated with the 11 consulates to contact, identify, and recruit companies to participate in the program.

Bonillas added that this program is highly inclusive and flexible, as it allows support for companies of all sizes and sectors. "We can assist micro-enterprises or tech startups as well as large or multinational companies," she said.

For more information, contact selectusamexico@trade.gov.

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