3. Mexico City, Mexico
While Mexico as a country has it’s problems for business, as a city the capital — Mexico City — is one of the easiest cities in North America to work in and the cheapest.
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With over 22m people, Mexico City is one of the world’s largest and it’s hugely important to the Mexican economy. The city produces around 21.8 percent of the country’s GDP and Mexico City is ranked as the eighth-richest urban agglomeration in the world after Tokyo, New York, Los Angeles, Chicago, Paris, London and Osaka/Kobe.
Tech leaders in recent years have hailed Mexico City as one of the most dynamic startup scenes in Latin America, with hundreds of successful entrepreneurs and prestigious universities producing 130,000 engineers per year, more than Canada, Brazil or even Germany.
While Mexico has become a top producer of raw engineering talent, the country also enjoys a long-established business culture and a $1.3trn economy poised to soon become the worth’s fifth largest.
Looking to cash in, the Mexican government distributed $658 million in 2014 to an estimated 620,000 entrepreneurs, resulting in 6,000 new companies and 73,000 new jobs, according to government statistics. The push saw 45 venture capital funds registered in Mexico last year, up from only 14 funds in 2012.
