Overview of Querétaro’s Economic Growth
Querétaro, Mexico – Over the past four years, Querétaro has successfully attracted 180 private investment projects worth approximately 102.611 billion pesos, according to Governor Mauricio Kuri González’s fourth state of government report. These investments have generated 81,319 jobs and directly benefited around 275,000 people.
Investment Breakdown
- In the last year alone, 32 economic promotion agendas resulted in 53 new investment projects.
- These projects represent a total economic impact of 30,190.8 million pesos and created 12,773 formal jobs.
- The majority of confirmed investments in the last year come from Germany, France, and the United States, focusing on automotive, aeronautical, electronics, and information technology industries.
International Collaboration and Vinculations
During the fourth year of governance, Querétaro received 13 business missions from various global regions to share experiences and establish collaboration between companies, institutions, and research centers.
The state government reported generating 12,473 business linkages between Queretano companies and local, regional, national, and international entities, fostering export-capable businesses directly or indirectly.
Economic Challenges and Achievements
The report highlights several economic challenges, including increasing the annual growth rate of investment projects from 7.7% to 10%, and maintaining a position among the top 15 states in the non-oil PIB sub-index of the State Competitiveness Index.
Querétaro aims to stay among the top 15 states in non-oil PIB participation and maintain a PIB per capita ranking within the top five states.
Legislators’ Perspectives
During the fourth-year state administration report delivery, local legislators expressed mixed opinions.
- Opposition legislators pointed out challenges in areas such as inequality, social lag, security, economic development, and water supply.
- Other legislators acknowledged progress in economic matters, police certification, poverty reduction, and more.
Key Points from Legislators
- Ulises Gómez de la Rosa (Morena): Cited persistent inequalities and unmet obligations, questioning publicity spending, Paseo 5 de Febrero construction, and public debt.
- Teresita Calzada Rovirosa (Movimiento Ciudadano): Recognized the state and Defense Secretariat’s efforts in addressing recent rainfall contingencies; mentioned achieving 100% police certification with a unique certificate.
- Claudia Díaz Gayou (Partido del Trabajo): Addressed growing inequality, limited healthcare access, mobility issues, gender-based violence, and other challenges; proposed creating a State Care System and promoting fiscal justice.
- Perla Patricia Flores Suárez (Verde Ecologista de México): Acknowledged economic growth and investment attraction; highlighted infrastructure projects strengthening connectivity; mentioned security stability but noted challenges in urban mobility, environmental protection, and affordable housing.
- Adriana Elisa Meza Argaluza (PRI): Committed to reviewing the state’s economic and financial policy; requested an objective analysis of the report.
- Mauricio Cárdenas Palacios (PAN): Praised economic, security, social program, and poverty reduction policies; emphasized collaboration in legislative matters; highlighted a more than 5 percentage point reduction in poverty and extreme poverty, along with a 17.8% increase in family income over two years.
Upcoming Governance Review
Following the delivery of the report to the local Congress, secretaries will present the state of public administration status over Thursday and Friday.
