Why Medellín?

 
Investors’ confidence
  • According to the Superintendence of Enterprises of Colombia, of the total of 3,150 enterprises in Antioquia, 332 are foreign and 30 are mixed (foreign and local capital)[1]
 
We have an interesting potential market
  • Our market size is similar to that of Belo Horizonte, Quito, San Salvador, and larger than Guayaquil, Puebla, Curitiba, San Juan, Juarez City, San Jose, Porto Alegre, Cordoba, Rosario, among others
  • The city’s GDP in 2008 was US$19.168 million[2], similar to that of Curitiba and Belo Horizonte, and larger than Porto Alegre, Manaos, Tijuana, Montevideo, Panama City, Puebla, Córdoba, Guatemala City, San Josa, Quito, Leon, Valparaiso, among others
  • Medellin’s GPD Per Capita in 2008 was estimated at US$ 8.370 million. Our purchasing power is similar to that of Rosario, Valparaiso, Juarez City and Rio de Janeiro, and larger than Concepcion, Puebla, Belo Horizonte, San Jose, Guayaquil, Lima, Quito, among others
  • Medellin has 58,600 enterprises[3], of which 63 reported sales above US$50 million, 68 exported over $10 million in 2008 and 84 displayed exports surpassing this amount. We are the country’s region that exports the most non-traditional products exhibiting growths since 1991.

 

The Most Representative Enterprises of the Metropolitan Area
 
Source: SIREM (Information and Corporate Risk System) – Superintendence of Enterprises – Market Intelligence Bureau – Proexport
 

 

Medellin is a city that the world believes in:
 
The words which define Medellin today are Transformation, Optimism, Modern, Cohabitation, Education and Culture.
 
We host large International events:
IDB Assembly – 2009: Attended by 4,706 international visitors during the first 3 days
OAS Assembly – 2008: Attended by 600 foreign visitors, high-level representatives of the national governments of the countries members of the OAS
 
Moreover, Medellin will host in 2010 the following large events, among others:
 
IX South American Games 2010: 3,000 international visitors
VII Biennial Iberian-American on Architecture and Urbanism: 1,000 foreign visitors
III Congress of Iberian-American Culture: 600 international visitors
XI Iberian-American Meeting of Digital Cities: 900 foreign visitors
 
We have qualified and talented human resources:
We invest 35% of the public budget in education.
 
We are innovative (537 accredited research groups).
 
There is public support on investments: Tax incentives.
 
We have the first community of clusters in the country.
 
 
Leading City in Government-Private Sector-Academic alliances:
University – Enterprise – State Committee.
 
Transparent Public Management:
AAA Rating (Duff & Phelps)
 
Quality of Life:[4]
  • In % of homes with access to water, we surpass Buenos Aires, Rio de Janeiro and Sao Paulo
  • In % of homes with access to electricity, we surpass Buenos Aires, Sao Paulo and Bogota
  • In % of homes with access to land-phone service, we surpass Buenos Aires, Rio de Janeiro, Sao Paulo and Bogota
  • In % of homes with access to mobile phones, we surpass Rio de Janeiro
  • In % of homes with access to the Internet, we surpass Rio de Janeiro
  • The average time to move in Medellin is 28,6 minutes, less than that of Sao Paulo, Rio de Janeiro, Buenos Aires, La Paz, Santa Cruz, Quito, Lima, Montevideo, Caracas and Maracaibo
  • Medellin is lower than the region’s average in terms of time to move
 
We have competitive costs:
  • In average, Medellin’s homes spend at the most 5,5% of their monthly income to pay for Water, less than that of Bogota, Sao Paulo and Rio de Janeiro
  • In average, Medellin’s home spend at the most 8% of their monthly income in paying for Electricity, less than that of Sao Paulo and Rio de Janeiro
  • In average, Medellin’s homes spend at the most 5,4% of their monthly income to pay for Gas, less than Sao Paulo and Buenos Aires
  • In average, Medellin’s homes spend at the most 1% of their monthly income to pay for Public Transportation
  • In average, Medellin’s homes spend at the most 5,3% of their monthly income to pay for Land-Phone service, less than in Sao Paulo, Rio de Janeiro and Buenos Aires
  • In average, Medellin’s homes spend at the most 4,4% of their monthly income to pay for Mobile Phone service, less than in Sao Paulo and in Rio de Janeiro, and the same than Buenos Aires
  • In average, Medellin’s homes spend at the most 1,8% of their monthly income to pay for Internet service, less than in Bogota, Sao Paulo, Rio de Janeiro and Buenos Aires.

 

 

[1] Source: Exports, Investment and Tourism of Antioquia Report – June 2009. Available at: http://www.proexport.com.co/vbecontent/NewsDetail.asp?IDCompany=11&ID=10060
[2]Source: América Economía - 2009
[3] Source: Medellin for Antioquia Chamber of Commerce 2009
[4] Source: Roads to the Future: Management of Infrastructure in Latin America (“Caminos para el futuro - Gestión de la infraestructura en América Latina”) - Corporación Andina de Fomento - 2009.