The main focus of this study is to examine factors that impact foreign direct invest based on differences in development of Latin American nations. Twenty-one countries are divided into low, middle, and high income groups based on wealth. All econometric tests are conducted for each individual economic subgroup. A random effects model is used to analyze the data. The study finds that there is a great deal of correlation between dependent and independent variables at the low level, less correlation at the middle level, and very little correlation at the high-income level. These results show that variables have different explanatory power based on how wealthy a nation is suggesting development effects a corporation’s decision to invest.