Introduction to Tiendas Neto and Its Expansion Plans
Tiendas Neto, a prominent retail chain in Mexico, has announced an investment of 210 million pesos to open 55 new stores across various municipalities in the State of Mexico by the end of 2025. The announcement was made by Nair Sandra Vanesa Reyes, the company’s director for the Central Region, during an event in Naucalpan.
Current Presence and Future Goals
Currently, Tiendas Neto operates in 122 municipios with 404 stores strategically located throughout the region. The company aims to reach 150 outlets by the end of 2026, creating approximately 400 direct and 280 indirect jobs.
Their distribution centers in Ecatepec and Chalco, along with their active stores, have already generated over 3,537 direct and 2,300 indirect jobs.
Impact on Local Municipalities
This expansion will significantly benefit municipalities such as Cuautitlán, Izcalli, Atizapán, Toluca, Metepec, Nezahualcóyotl, Chalco, Ixtapaluca, and Naucalpan. Tiendas Neto’s commitment to regional economic development and providing affordable basic products will be reinforced through this investment.
Private Sector Confidence in the State of Mexico
The investment by Tiendas Neto reflects the private sector’s confidence in the State of Mexico. Since September 2023, the state has accumulated 138,000 million pesos in national projects investments, according to Laura González Hernández, the Secretary of Economic Development (Sedeco).
New Incentives and Future Announcements
González Hernández highlighted the coordinated efforts with municipalities to attract investments. She emphasized that ongoing promotion of new incentives is crucial for local employment generation, requiring excellent communication with municipalities.
“We will likely announce new municipal incentives this week, which are a significant bet to continue attracting investments in this region,” she added. “Cities like Nezahualcóyotl, Ecatepec, and Toluca aim to join the 35 largest municipalities in economic terms in the State of Mexico, making investment announcements before the end of the year.”
Other priorities, such as security and the Plan México Bienestar Poles, remain essential for continued growth in commerce, services, logistics, and industry. The state plans to announce significant agropecuary projects for the north and south by year-end.
Key Questions and Answers
- What is Tiendas Neto’s investment plan for the State of Mexico? Tiendas Neto plans to invest 210 million pesos to open 55 new stores across various municipalities in the State of Mexico by the end of 2025.
- How many jobs will this investment create? This investment is expected to generate approximately 400 direct and 280 indirect jobs.
- Which municipalities will benefit from this expansion? Municipalities such as Cuautitlán, Izcalli, Atizapán, Toluca, Metepec, Nezahualcóyotl, Chalco, and Ixtapaluca will benefit from this expansion.
- What does the investment by Tiendas Neto signify for the State of Mexico? The investment reflects private sector confidence in the State of Mexico, which has seen 138,000 million pesos in national projects investments since September 2023.
- What other initiatives are being promoted to attract investments? New municipal incentives are being promoted to generate local employment, with announcements expected from cities like Nezahualcóyotl, Ecatepec, and Toluca.
