Concerned about forging a better relationship with the various branches of government, businessmen from the State of Mexico established the Council of Chambers and Business Associations of the State of Mexico CONCAEM (as an acronym). Several chambers, employers’ associations, and business associations participated, involving a wide range of economic activities, including industrial, banking, agroindustry, trade, and services.
In this manner, thirty entrepreneurial organisms were combined, and each of them took on a generic name such as “associated entrepreneurial organism,” implying that the noun “businessman” and the verb “undertake” refer to all those who aspire to create an organization that is economically active.
Two years later, on March 7, 1989, an assembly was held to rename it as the Business Coordinating Council of the State of Mexico, A.C., maintaining its association-like nature and allowing members to freely join and leave at any time, allowing them to choose whether or not to participate.
The Consul then changed its name to The Council of Chambers and Business Associations of the State of Mexico CONCAEM in 2010, and it has remained that way ever since, assisting all productive sectors in the State of Mexico.