While Mendoza will always be synonymous with the wine industry, government officials are working to diversify their local economy with a significant IT investment. Raul Mercau, Mendoza’s Minister of Production, Technology and Innovation (PT&I), says Mendoza’s first Technology Park will open next April and hopefully attract 50 software, communication and IT companies at the outset.
Initially the Province plans to invest approximately US$3 million on an 8 acre property which would make the Mendoza Tech District (MTD) the most important in Cuyo, as it would be three times the size of the existing PILP (Parque Informatico La Punta) which hosts a dozen tech companies like MercadoLibre and Indra in San Luis.
Mercau tells Cronista the MTD will attempt to lure companies with a generous combination of tax incentives (10-year exemption on all provincial taxes) and low-interest lines of credit (up to US$125,000 with rates subsidized by the government).
The Ministry of PT&I says Mendoza, which has around 375 small and middle-size tech companies with over 4,000 employees and annual billings of US$325 million, hopes the Park will improve connectivity, boost the profile of local tech companies, attract university students and increase competitiveness in the sector. (Full story in Spanish)
For more information about investment opportunities in Mendoza, download the October issue of InvestBA Privada.









