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Mexico's Coahuila state is losing potential revenues of US$117mn a year due to the delay in the construction of an IT hub in La Laguna region, local paper Vanguardia reported.
Of the seven states in the country recommended by the World Bank in 2007 as potential ICT industry development engines, Coahuila is the only one that is currently not operating an IT hub. At the time, Coahuila was pinpointed as the state with the third greatest potential for the construction of an IT hub.
In addition, according to a study by consulting firm AT Kearney, the state has failed to generate 2,900 new jobs and registers a brain drain of over 150 engineers each year.
There are more than 30 universities in La Laguna, and newly graduated professionals are migrating to Mexico state (Edomex), Guadalajara, Monterrey and even to other countries, said Sonia Villarreal, professor at Tecnológico de Monterrey institute and creator of the winning project for the Coahuila IT hub.
The innovation and technology hub, being built in the city of Torreón, is a joint project between the government of Coahuila and the federal government, with a total investment close to 87mn pesos (US$6.4mn), of which 43mn pesos have already been disbursed by the latter to start construction.
The facility was slated to be ready by February 2012, however construction is now only 60% complete.