New Mexico Blog :: Business & Travel » Business & Economy http://www.greatnewmexico.com/blog Mon, 09 Jan 2012 11:59:21 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 The World Bank Granted Mexico A Loan Of 751.9 Million Dollars http://www.greatnewmexico.com/blog/the-world-bank-granted-mexico-a-loan-of-751-9-million-dollars/ http://www.greatnewmexico.com/blog/the-world-bank-granted-mexico-a-loan-of-751-9-million-dollars/#comments Sat, 05 Mar 2011 04:40:24 +0000 admin http://www.greatnewmexico.com/blog/?p=41

The World Bank granted Mexico a loan of 751.9 million dollars to stimulate business in the country. The loan is for 18 years, it has a variable interest rate of 6 month LIBOR plus a variable margin.

The loan is to support economic policies that strengthen the business in Mexico and micro-economic foundations for economic growth and job creation, the World Bank said in a statement Tuesday.

With the money Mexico will strengthen the conditions for competition in key markets, particularly in the telecommunications sector, said the World Bank.

It will also streamline business regulations so as to reduce trade costs and other transactions, facilitating the adoption of new technologies, the world body said in its report.

The Bank of Mexico said Mexico was committed to improving the regulatory framework to encourage access to financial sector stability and market transparency. He noted that the country will promote partnerships in infrastructure to expand infrastructure services essential key to the productivity of Mexican firms.

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Mexican Economy Secretary, Bruno Ferrari, and the Assistant Secretary for Small and Medium Business, Miguel Maroon Manure, opened the tenth edition of National Small Business Week 2010 at the Centro Byname in Mexico City.

After the tour of the eleven wards and the Mexico Business institutional stand, the economy minister said the National Small Business Week aims to make available to micro, small and medium businesses and entrepreneurs, professional care integral to increase their productivity and find appropriate solutions to your business.

This tenth edition of National Small Business Week, he said, it seeks to spread the programs, actions and tools available to the Federal Government, State Governments, financial institutions, educational, research and trade associations, in support of entrepreneurs and micro, small and medium enterprises.

He stated that the businesspersons and entrepreneurs to attend might acquire knowledge through seminars, workshops and conferences, and exchange experiences and establish business contacts with large companies. In addition, detailed, there are scheduled two thousand business meetings of micro and small enterprises, with large suppliers.

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]]> http://www.greatnewmexico.com/blog/how-economic-developments-in-mexico/feed/ 0 New Mexico Business- Up and Down the Rio Grande http://www.greatnewmexico.com/blog/new-mexico-business-up-and-down-the-rio-grande-2/ http://www.greatnewmexico.com/blog/new-mexico-business-up-and-down-the-rio-grande-2/#comments Tue, 25 Dec 2007 08:39:12 +0000 Stephanie Smith http://www.greatnewmexico.com/blog/?p=10 New Mexico has a fascinating history of advanced Indian cultures responsible for cliff dwellings and multi storied stone buildings from the 13th century. Beginning in the 17th century, the area of New Mexico was part of Spanish America, as artifacts, and mission buildings and state names recall. In modern times, New Mexico was critical for the development of aerospace in the United States. It was an area that encouraged new thinking. Robert Goddard, later known as the father of rocketry, set up shop in New Mexico for his experiment in the 1930s, which were attacked and ridiculed until they were shown to be critical breakthroughs. In recent history, New Mexico was the site of the World War II Manhattan Project – the crash project to develop nuclear weapons. There are currently 3 air force bases Kirtland, Holloman and Cannon, in New Mexico, and major national laboratories, Sandia and Los Alamos, which account for a large amount of the economy of the state. These facilities work in nuclear weapons, nuclear energy, and the space program. White Sands Space Harbor, near Las Cruces, is a training center for Shuttle astronauts.

The federal government hires one out of every four New Mexico workers – this includes the U.S. Military, National Parks Service and National Forests. Agriculture and livestock breeding are also a large part of the state’s economy, as is extensive mining, and tourism. There is no sales tax, but a gross receipt tax. The top personal income tax rate is 5.80%, and the top corporate income tax rate is 7.60%. There is no estate or inheritance tax.

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