Bogota is the fifth best Latin American city for doing business, according to Chilean magazine America Economia.
The report, ‘The best cities for doing business in Latin America 2011‘ shows that Buenos Aires is the Latin American city most conducive to business, followed by Sao Paulo, Santiago, and Miami.
Bogota left the cities of Rio de Janeiro, Lima, Monterrey, Mexico City and Montevideo trailing in its wake.
The cities were voted-on by Latin American executives. The methodology for placing metropolises in the ranking was the index of urban competitiveness. It involved looking at aspects such as the socio-political as well as the economic framework, infrastructure, physical mobility and human capital.
According to Adriana Suarez, executive director of Invest in Bogota, an agency that promotes investment in the Colombian capital, interesting things are taking place in cities such as Bogota, Brasilia and Lima.
There is evidence of a significant increase in the size of the market and economic buoyancy, which adds to the greater supply of business services. The improvements in the business climate have allowed the arrival of multinational companies and the generation of quality employment.
Suarez went on to identify the reasons for Bogota’s high position in the ranking. She attributed this to greater economic strength, a good combination of the quality of life, professional development and business potential, a better perception of the city from the perspective of businesses, support for entrepreneurs, advances in telecommunications, and recognition of the quality of human capital and strategic projects which benefit urban development.
