Beginning in 2006, Medellin has jumped into the spotlight of the international media. Moving from its troubled past and disturbing legacy, there has been a heightened awareness of the growth potential and incredible progress of Colombia’s second largest city. This trend is highlighted by the recent high profile decision of the world’s largest computer manufacturer, Hewlett-Packard, to locate in Medellin, their Latin American Service Headquarters that will employ up to 4,000 workers.
So why is main stream business starting to decide that Medellin is the next best place to do business? There are a broad range of reasons. There is a continuous flow of new information highlighting Medellin’s and Colombia’s real estate, business and investment opportunities. Articles about Medellin note the trend of economic growth, improved security, excellent technical support and infrastructure, cost effective and highly trained labor pool, positive social changes, low cost of living, superior health care, excellent climate and efficient transportation system. Outlined are a few of these highlights:
Economy: Medellin is one of the few economies in the world that is currently in a growth cycle. The economy is strong; the stock market has showed rapid growth over the last five years (despite the world recession). There has been a broad economic focus included textile, energy, flowers, tourism, medical industry, minerals, fashion and technology.