Politics · Mexico · 1 hr ago

Movement proposes tax incentives and public-private funding for STEM training in Mexico

Movement proposes tax incentives and public-private funding for STEM training in Mexico

Movimiento STEM+ has proposed new ways to fund STEM training in Mexico, including a possible tax incentive for training in science, technology, engineering and mathematics.

A study identified 512 initiatives across all 32 states, but said they need stronger links with one another, governments, businesses and civil society.

The group says the tax incentive should be assessed by Mexico’s finance, economy and education authorities for its benefits, costs and risks.

The proposal has not been evaluated in Mexico, and the study says it would have fiscal and institutional implications.

It also recommends that local governments create public-private funding mechanisms that can support training beyond annual budget cycles and changes in administration.

In a sample of 65 initiatives, 51% were private-sector projects, meaning much of the training capacity may depend on business decisions that can shift with economic conditions.

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What people are saying

Movimiento STEM+ studyStudy on the STEM ecosystem in Mexico
Strengthening the STEM+ ecosystem in Mexico requires more than simply expanding the supply of programs and initiatives. It also means designing and implementing mechanisms that facilitate collaboration among all the actors and are sustained over time.
via El Economista MX
Each state needs a source of funding for talent training that can withstand annual budget cycles and changes in administration.
via El Economista MX
However, neither of these instruments has been evaluated in the Mexican context, and their implementation would have fiscal and institutional implications that require specific analysis.
via El Economista MX
Movimiento STEM+Organization proposing the measures
It knows which profiles it lacks, has a direct incentive for training to happen, and comes to the table as a partner rather than as the recipient of a policy.
via El Economista MX