Challenges and opportunities forsustainable economic growth inCachipay, Cundinamarca, basedon the characterization of itseconomic sectors and their impacton the local community
Cachipay is a municipality with a vision of progress, located in the heart of Cundinamarca, Colombia, 50 km from Bogota, is home to a rich diversity of economic activities that make up its social fabric. Agriculture and the ornamental sector with its fertile lands are established as a fundamental pillar of the local economy. Tourism, in constant expansion, attracts visitors with its natural and cultural charm, driving the generation of jobs. Mining, with its lying resources, brings dynamism to the economy. The commercial sector, in constant evolution, satisfies the needs of the local population and the growing number of visitors. However, economic diversification as a strategy for development implies a diverse economy, where not one, but several sectors are strengthened, driving growth and prosperity.
Cachipay searches to achieve the transition to a diversified economy from different scenarios such as investment in the development of new sectors with high potential, with a view to innovation, entrepreneurship and human capital formation. The benefits of economic diversification are multiple: greater economic stability, creation of new jobs, increase in per capita income with improvements in the standard of living of the population, reduction of poverty and greater competitiveness for the strengthening of the economy.
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