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Senior U.S. and Mexican officials and corporate executives celebrated the ongoing successes of the U.S.-Mexico Partnership for Prosperity during a two-day entrepreneurial workshop held in Guadalajara, Mexico in June 2004.
Major Accomplishments of the U.S.-Mexico Partnership for Prosperity include:
USAID, working closely with the Government of Mexico, USDA and its vast partner network of land grant universities, requested proposals for up to six new Mexico-U.S. educational partnerships through the next round of the Training, Internships, Exchanges, and Scholarships (TIES) university partnership program. The new partnerships will focus on rural economic growth.
Last year, an agreement was concluded to enable the Overseas Private Investment Corporation (OPIC) to offer additional programs to foster investment in Mexico. The Mexican Senate approved the agreement last April. Housing, water, education, and municipal infrastructure have been identified as priority areas.
Through a cooperative effort by BANOBRAS, USAID, and
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U.S. financial advisory firm Evensen Dodge, the states of Michoacan, Hidalgo, Nuevo Leon, Mexico, Veracruz, Chihuahua, Morelos, the Federal District, and the cities of Aguascalientes, Cancun, and Tlanepantla, have issued debt certificates to finance key infrastructure needs.
The U.S. Small Business Administration (SBA) will continue the development of, and training for, new Small Business Development Centers (SBDC) in Mexico. SBA is also working with NAFIN in the development of a venture capital program, and with Economic Secretariat in the adaptation of SBA programs to encourage the development and growth of Mexico's small business enterprises.
Over the past year, the U.S.
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Trade & Development Agency (USTDA) provided grant and project development funding for 12 priority activities in Mexico, ranging in scope from airport modernization to venture capital industry development, water/waste systems, intelligent transportation networks and housing finance.
The National Council for Science and Technology (CONACYT) concluded cooperation agreements with U.S. academic institutions and research centers to grant scholarships to Mexican students, promote faculty interchange, and collaborate in joint research programs.
The unique public-private Partnership for Prosperity initiative was launched by U.S. President George W. Bush and Mexican President Vicente Fox in September 2001 to target economic development in the areas of Mexico which generate the most emigrants based on the premise that no Mexican should feel compelled to leave his home for lack of economic prosperity.
More information is available at the Partnership website: www.p4pworks.org.
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