{"id":18199,"date":"2018-03-14T00:54:08","date_gmt":"2018-03-14T04:54:08","guid":{"rendered":"http:\/\/www.escapeartist.com\/colombia\/?p=6898"},"modified":"2020-07-06T12:25:48","modified_gmt":"2020-07-06T16:25:48","slug":"colombias-cities-future","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/colombias-cities-future\/","title":{"rendered":"Colombia\u2019s Cities of the Future"},"content":{"rendered":"

Colombia is home to cities that are thriving economically, and they\u2019re gaining recognition in publications everywhere as \u201cCities of the Future\u201d (aka, cities for future investors). These types of rankings typically take the same categories, or variations of them, into consideration when making these judgements. These categories are: economic potential, human capital and lifestyle, costs, connectivity, business-friendly environment, and promoting of foreign investment. <\/span><\/p>\n

When the Colombian government signed its peace treaty in 2016 and ended its 52-year long civil war, President Santos received the Nobel Peace Prize, Colombia was named Country of the Year by the Economist, and the World Bank praised Colombia for its new economic potential. After all of that positive change, it\u2019s no wonder Colombia\u2019s cities are catching so much attention. There\u2019s a good chance Colombia could be the next superpower of <\/span>foreign investment<\/span>.<\/span><\/p>\n

 <\/p>\n

Bogota<\/b><\/h2>\n

There was a five-fold increase in foreign investment in Bogota during the time between 2002 and 2010. This city experienced a great economic growth of 6 percent in 2011, and then further growth (4.5 percent) in 2012. Being the diverse economic superpower that it is, it only makes sense that Bogota is the source of 25 percent of Colombia\u2019s GDP.<\/span><\/p>\n

One thing that Bogota is especially known for is promoting foreign investment. It has even been offering programs in order to attract foreign investment, recognizing this as a beneficial way to grow the economy. Thanks to its greatly improved security environment, Bogota also offers improved economic and regulatory conditions for investors. It\u2019s main sector for investment is services, with a focus on <\/span>real estate<\/span><\/a>.<\/span><\/p>\n

 <\/p>\n

Medellin<\/b><\/h2>\n

Medellin has seen the most progress of any city in Colombia over the last decade. Anyone who still associates it with Pablo Escobar is in need of a serious update on today\u2019s conditions in the city. This city is no longer even in the top 50 of the world\u2019s most dangerous cities, although a few U.S. cities are.<\/span><\/p>\n

Medellin is now known as the blossoming tech hub of Colombia. It is a world of start-ups and venture capitalists, and some are even comparing it to Silicon Valley. The reason it\u2019s getting attention as a \u201cCity of the Future\u201d is thanks to its foreign direct investment strategy. It\u2019s within the top ten strategies across the major cities in the Americas.<\/span><\/p>\n

 <\/p>\n

Cartagena<\/b><\/h2>\n

Cartagena has more than a tourist hub (thanks to its colonial and historical beauty) to offer Colombia\u2019s economy. This city is the top industrial city in the Colombian Caribbean, and it is also home to one of Colombia\u2019s most important ports. This port offers connections to 614 other ports, 140 countries, and 25 shipping lines. This city is also the country\u2019s main producer of petrochemical products, and it is home to Latin America\u2019s most modern oil refinery.<\/span><\/p>\n

Cartagena has been ranked number one across the Americas for foreign direct investment strategies among large cities \u2013 even above Las Vegas and Orlando in the United States! Investors receive tax benefits to include \u201cfree zones,\u201d areas in which income tax rates are reduced to 15 percent and exemptions of the value added from raw materials and finished goods. There is even a program for helping investors who wish to expand or set up chains in the city!<\/span><\/p>\n

 <\/p>\n

Cali<\/b><\/h2>\n

Cali is considered the economic heart of the southwest part of the country. It also has one of the fastest growing economies <\/span><\/p>\n

in all of Colombia. It is among America\u2019s top ten major cities for foreign direct investment strategy and ranked 10<\/span>th<\/span> among the Americas for cost effectiveness. In Latin America, it falls second only to Bogota for the former. <\/span><\/p>\n

Consider that Cali was able to watch the growth of Bogota and Medellin on their way to success and has been given the opportunity to learn from them. For example, rather than focusing on education and IT in the way that Medellin has, Cali has chosen to undertake restoration strategies for the colonial and historical buildings of the city \u2013 which is proving to be sustainable. <\/span><\/p>\n

In addition, Cali is the center of the world\u2019s top sugar producing regions and it\u2019s also the host of the famous Cali Fair, that every year boasts opportunities for direct investment in industries like agriculture, tourism, cosmetics, and hygiene.<\/span><\/p>\n

Several other cities in Colombia are also showing economic growth and potential, making their way up the ranks to earning honorable mentions, such as Pereira, Neiva, Ibague, and Barranquilla. Keep an eye on Colombia\u2019s market for foreign investment and make sure not to miss out on any big opportunities!<\/span><\/p>\n

Here is<\/b> probably the most extensive article on <\/b>Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments<\/i><\/b>. It is called<\/b> The Ultimate Guide To Going Offshore<\/b><\/a>.\u00a0 You can download this epic post for your personal library.<\/b><\/p>\n

I hope you\u2019ve found this article on Colombia\u2019s Cities of the Future<\/b>\u00a0<\/b>to be helpful. For more information, or for assistance with residency in Colombia or elsewhere, please contact us<\/b> HERE<\/b><\/a> today!<\/b><\/p>\n

Here are a few articles on Colombia that you may enjoy reading!<\/b><\/p>\n

Here are a few articles on Colombia that you may enjoy reading!<\/b><\/p>\n

The Fast Track To Colombian Residency<\/b><\/a><\/p>\n

Four Reasons You Should Retire in Cartagena, Colombia<\/b><\/a><\/p>\n

Christmas in Colombia<\/b><\/a><\/p>\n

Driving in Colombia – Part 1<\/b><\/a><\/p>\n

Folkloric Dance in Colombia<\/b><\/a><\/p>\n

The Expat Life in Cartagena, Colombia<\/b><\/a><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Colombia is home to cities that are thriving economically, and they\u2019re gaining recognition in publications everywhere as \u201cCities of the Future\u201d (aka, cities for future investors). These types of rankings typically take the same categories, or variations of them, into consideration when making these judgements. These categories are: economic potential, human capital and lifestyle, costs, […]<\/p>\n","protected":false},"author":431,"featured_media":18252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[3],"tags":[168,235,366,388,451],"yst_prominent_words":[26677,9928,2652,11244,1721,7405,11245,11241,5265,11240,3464,11242,26678,2273,5264,5256,11239,2701,2544,11243],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2018\/03\/1024px-Iglesia_La_Ermita_en_Cali_Colombia.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/18199"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/431"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=18199"}],"version-history":[{"count":4,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/18199\/revisions"}],"predecessor-version":[{"id":35182,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/18199\/revisions\/35182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/18252"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=18199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=18199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=18199"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=18199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}