Mexico: Gov't seeks to entice ex-pats back home
April 03, 2009
Hoping to entice expatriates to invest in start-up businesses south of the border, the Mexican government is putting up more than $8 million this year to help them open a store, bakery or other small business in their hometowns.
Known as the Productive Assets Project, Mexico's aim is to help its citizens living in the U.S. get a project up and running with the hope that if expatriates return to Mexico, they have a sound business.
The government will match up to $21,500 to help start a home-based business or even construction on a shop, Martha Esquivel, of the Mexican social development office in Los Angeles, said in a telephone interview.
The Arizona Daily Star (Tucson)
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