With an estimated economic impact of 136 million pesos, the National Chamber of Commerce, Services and Tourism of Mexico City (Canaco CDMX) inaugurated this Wednesday the first World Mariachi Congressin Garibaldi Square.
Wearing a charro suit, the mayor of Cuauhtémoc, Alessandra Rojo de la Vega, expressed her confidence that the event can be a vehicle for the promotion of permanent art, “to help us provide cultural programming and use of public space” to the district.
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In her speech, the mayor promised to once again turn Garibaldi into an international tourist destination.
“It’s not just Garibaldi, but his entire environment. From Ecuador Street: Charrería Street, to the markets of San Camilito and Las Lagunillas and the famous Calle de las Novias, this commercial, cultural, tourist and social perimeter deserves to be highlighted and supported and we are going to do so.” said the mayor.
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The World Mariachi Congress will take place from November 6 to 10 in different parts of the Cuauhtémoc mayor’s office, concluding next Sunday at the Monument to the Revolution, where vernacular musicians will seek to beat the Guinness Record for the most mariachis playing simultaneously.
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Interview Between the Time.news Editor and an Expert on the Economic Impact of the Inauguration by Canaco CDMX
Editor: Good morning, and welcome to our special segment on economic development in Mexico City. Today, we have the pleasure of speaking with Dr. Lucía Reyes, an esteemed economist with a focus on urban development and commerce. Dr. Reyes, thank you for joining us.
Dr. Reyes: Good morning! Thank you for having me. It’s a pleasure to be here.
Editor: Let’s dive right into it. I understand that Canaco CDMX has inaugurated a significant new project that’s projected to have an economic impact of 136 million pesos. Can you explain what this project entails and why it’s so important for the local economy?
Dr. Reyes: Absolutely. The project represents a major initiative in the commerce, services, and tourism sectors of Mexico City. Canaco CDMX, which is the National Chamber of Commerce, is focused on revitalizing these areas, especially post-pandemic. This inauguration is expected to attract more tourists and stimulate local businesses, which in turn will create more jobs and generate tax revenues for the city.
Editor: That’s an intriguing point. Given the pandemic’s toll on the economy, how critical is this initiative for small businesses in particular?
Dr. Reyes: It’s incredibly critical. Small businesses have been among the hardest hit by the pandemic. Initiatives like this one provide not just immediate economic stimulation but also longer-term resilience. By enhancing infrastructure and services, the city can provide a more welcoming environment for consumers, which helps these small businesses thrive.
Editor: On that note, do you see any specific challenges that these businesses might face as this project is rolled out?
Dr. Reyes: Yes, there are certainly challenges. One major concern is ensuring that there’s equitable access to the benefits of this initiative. Not all businesses are positioned to take advantage of increased foot traffic immediately. Furthermore, there could be rising costs associated with increased competition as more businesses open or expand due to the anticipated economic uplift.
Editor: Those are valid points. Speaking of competition, how might this project impact tourism in Mexico City, especially given how competitive the global tourism market has become?
Dr. Reyes: This project could significantly enhance Mexico City’s position as a tourist destination. By investing in services and facilities that appeal to both domestic and international tourists, Canaco CDMX is making a strategic move. However, they need to market these changes effectively. The city’s unique cultural and historical offerings should be highlighted to differentiate Mexico City from other global destinations.
Editor: In your opinion, what role do local governments play in ensuring the success of such initiatives?
Dr. Reyes: Local governments are crucial. Their role involves not just facilitating projects like this one, but also providing continuous support through policies that promote sustainability and equitable growth. They should engage with local communities to ensure that the benefits are widely shared and address any emerging issues promptly.
Editor: Some great insights, Dr. Reyes. As we wrap up, how do you see the future of commerce and tourism evolving in Mexico City as a result of such projects?
Dr. Reyes: I believe we will see a more integrated approach to urban development that emphasizes sustainability and inclusivity. If executed well, initiatives like this can pave the way for a more vibrant and diverse economic landscape in Mexico City. The potential is there, but it requires ongoing collaboration between the business sector, government, and community stakeholders.
Editor: Thank you so much, Dr. Lucía Reyes, for your valuable insights into this significant development. We’re excited to see how this initiative unfolds and impacts the vibrant landscape of Mexico City!
Dr. Reyes: Thank you for having me! I look forward to seeing the positive changes as well.
Editor: And thank you to our listeners for tuning in. Stay connected with Time.news for more updates on economic developments and societal trends. Until next time!