Morelos promotes two Economic Development Poles for Well-being; seeks to attract investment and generate jobs
Translated from Spanish, summarized and contextualized by DistantNews.
At a glance
- Morelos state in Mexico is developing two Economic Development Poles for Well-being (PODECOBI).
- The initiative aims to attract investment, expand industrial infrastructure, and create jobs.
- The plan also focuses on strengthening the social economy through a network of cooperatives.
The state of Morelos, Mexico, is actively working to attract new investments and generate employment through the development of two Economic Development Poles for Well-being (PODECOBI) in Xoxocotla and Yecapixtla. Governor Margarita Gonzรกlez Saravia announced the initiative, emphasizing its coordination with the Mexican federal government to expand industrial infrastructure. This plan aligns with a broader strategy to strengthen the social economy, fostering community entrepreneurship and development opportunities for local families through a network of over 100 cooperatives. Marรญa de Lourdes Medina Ortega, national president of Canacintra (the National Chamber of the Manufacturing Industry), recognized the plan as a significant opportunity for public-private collaboration and praised the Morelos government's commitment to working with the industry for economic growth. The state's development strategy is built upon five strategic axes: tourism, science and technology, agro-industry, the film industry, and the transformation industry. Specific projects include the construction of a new Convention Center in Cuernavaca and efforts to re-establish the state as a host for the Science and Technology in Society (STS Forum) for Mexico, Latin America, and the Caribbean. Additionally, Morelos is promoting the export of its products to international markets and has established a public trust with an initial fund of 80 million pesos to incentivize audiovisual productions, positioning Morelos as a filming destination.
Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.