The company’s location plays a vital role in its growth and success. Installing within an Industrial Park has many advantages compared to individual facilities.
An industrial park is a city section zoned for industrial use rather than commercial or residential needs. Some industrial parks even offer a tax incentive for businesses to establish, such as tax increment financing. These days more and more companies have begun to understand the importance industrial park can provide to investors, businesses, and the economy. Industrial parks have played a significant role in the development of growing countries.
Advantages of industrial park Monterrey
After facing real hard times such as a pandemic, the need to resurrect the economy is undeniable. The manufacturing industries remain the Central American economies’ primary economic growth point.
Manufacturing has an essential role in the growth of GDP and the generation of regional employment. But it has been proven that a defined space is required to promote the development of various industries. It is in this context that the significance of the industrial park lies. Industrial park Monterrey is a fantastic example of a manufacturing hub in Mexico.
A few advantages of setting up a manufacturing unit in an industrial park are mentioned below:
Industrial parks are highly flexible: One of the primary benefits of industrial parks over other types of real estate properties is that they are not rigid and are easy to reconfigure. Industrial parks can include a great combination of transportation, production, and storage facilities in the same area. It can include chemical plants, aerospace, food and beverages processors, plastic manufacturers, steel manufacturers, etc.
Industrial parks are not only running to benefit the local industry: This type of real estate project helps the country and the whole world. Firstly, it accommodates complex local industries for better growth and development. Secondly, if the country’s sectors are not doing so well, it can still benefit you indirectly by attracting foreign investment. Explicitly talking of Monterrey, Mexico, companies from all parts of the world are establishing their manufacturing units here- plastic, aerospace, automobile, or food and beverages. Due to the expanding infrastructure, literate labor force, and a significant amount of natural resources, all the industries have a base here.
Advantage of the place it is located: Mexico and the US share the same border, offering unparalleled economic opportunities. This border has made transportation for various industries elementary and has also brought down the cost of transportation. Hence, industries in Monterrey have multiple advantages due to its proximity to the US border and other locations.
The proximity also relaxes the industrial leaders: The initial investment is relatively low, and basic infrastructure and support facilities are available. The Mexican government provides various facilities and incentives to attract new entrepreneurs. In this way, entrepreneurs can concentrate on the growth and expansion of their businesses.
Employment generation: Industrial property Monterrey provides outstanding job opportunities to Mexican people. Job opportunities for everyone are available- whether skilled or unskilled workers. And that is the reason why the rate of employment in Mexico has gone up significantly.
Setting up your company inside an industrial park is a wise choice that will benefit your company in many ways.
