Maya Train and Renewables will detonate SMEs in Tulum and Bacalar
The economy of Yucatan and Quintana Roo are two of the fastest growing economies in the country.
In the country, 99.8% of formal companies are considered SMEs , which represents 42% of GDP and 78% of the country’s labor force.
Data from the latest studies presented by commercial banks during the Open Forum: Forward, 47% of Mexican SMEs seek to increase their expansion in the domestic market during 2019. *
For the Sofom Serfimex Capital, SMEs located in the Yucatan Peninsula are an important investment focus, with limited risk and with an attractive return in the placement of new financing lines driven by leasing and bridge loan products.
Alfonso Vega, Commercial Director of Serfimex Capital, mentioned that the biggest challenges for SMEs when looking for greater operational efficiency are knowledge for the proper use of their financial resources and the tools at their disposal to capitalize.
The arrival to Yucatan alone of more than 2 thousand 300 companies in the period 2012–2018 has been seen as a strong trigger for the Sofomes that seek to support regional development. **
Data from INEGI, the Yucatan economy is the second most growing in the country with increases in the second quarter of 5.8%, followed closely by Quintana Roo with 4.1% over the same period 2017 ***
It is expected that if the development projects are carried out like the Mayan train, which could start in 2020, there will be growth of up to 30% in the placement portfolio, due to the fact that some of the destinations considered as Tulum, Valladolid, Bacalar and Mérida will require investment to face the new need for services and attention to tourist, commercial and service flows.
On the other hand, significant investments are expected in the area of power generation with the installation and operation of 18 wind farms, of which 9 will be operational during 2019 and that encourage a reduction in costs for the main industries of the peninsula.
Alfonso Vega, said that it is necessary to strengthen the business culture of the peninsula that encourages the understanding of the different benefits of each type of financing to take advantage of the opportunities that lie ahead.
In this new stage of the peninsula, Serfimex Capital will seek to generate virtuous circles that allow SMEs to increase their flow of resources in the times and ways necessary to boost their growth in the face of such a favorable outlook.