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Research You Should Know 0

Scaleup Companies Create 30% of Mexico’s New Jobs

By Endeavor Insight · On December 10, 2013

Scaleup companies, defined as firms with a minimum of 20% average annual employment growth during the last three years, are critical to economic development in Mexico. These businesses represent just 6% of the country’s firms, but create 30% of its net new jobs, according to a 2010 survey conducted by the World Bank. Mexico needs to create new employment. Its workforce is estimated to grow by more than 7.9 million people by 2020, and 900,000 Mexicans between the ages of 15 and 24 are currently out of work.

To download the full report and learn more about its methodology, click here. More information about this project is also available on the Endeavor blog.

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