McAllen Economic Development Corporation

In an effort to discuss the Texas-Mexico trade corridor and its strategic benefits, the Supply Chain Systems Laboratory from Texas A&M University will be hosting the “Texas-Mexico Trade Competitiveness Conference” at the Embassy Suites in McAllen, TX. The conference will examine the trade corridor, regional global manufacturing and logistics. There will also be opportunities for networking.

Keith Patridge, President/CEO of the McAllen Economic Development Corporation will offer the welcoming address on Thursday, July 15.

The conference is free to the general public, but registration is required. Click here to see the full schedule and register.

Victoria MEDC Events Logistics, TAMU, Texas-Mexico Trade Corrdior

According to the MetroMonitor released by the Brookings Institute, McAllen, like many other Texas cities, has made the Top 20 list for Recession-Proof Cities.

A researcher at the Institute said this of the cities: “Most of these cities have some general characteristics in common,” said Howard Weil, author of the report and a fellow at the Metropolitan Policy Program. “They didn’t experience huge housing bubbles followed by a crash, and their economies weren’t rooted in the auto industry.”

Despite the global economic recession, McAllen did not suffer from extensive job loss and the McAllen EDC currently is working with about 25 projects and already have committed several companies this year in McAllen and Reynosa, MX.

Click here to read the full story.

Victoria McAllen News Rankings, Uncategorized Brookings Institute, McAllen, MetroMonitor, recession

Reynosa, a city of about 1 million and an industrial hub in Northeast Mexico, will receive a boom in housing thanks to new jobs and a new housing developer.

Uribi, the leading housing developer in Mexico, will expand its operations throughout the state of Tamaulipas and in Reynosa, the state’s largest city. The McAllen Economic Development Corporation works closely with the City of Reynosa to attract industry and manufacturing to both sides of the border.

To read the full release, click here.

Victoria Live, Reynosa housing, Reynosa, Tamaulipas, Uribi

McAllen, TX ranked No. 11 in the United States for beating the recession, according to the June 2010 MetroMonitor released by the Brookings Institute. The report indicates: “Of all the cities in the ranking, McAllen has experienced the longest period of job growth, gaining jobs over the last four quarters.”

To read the article, click here.

Victoria McAllen News Rankings Brookings Institute, MetroMonitor, recession

Based on the low costs of doing business and business’ ability to compete on the global scale, Mexico ranked No. 1 in overall competitiveness according to a recent report released by KPMG. This organization is a “global network of professionals in the audit, tax and advisory business. The study found that Mexico represents the lowest cost country for companies. The McAllen Economic Development Corporation has a team of industrial specialists focused on recruiting and expanding manufacturing, warehousing, logistics operations in Mexico, specifically Reynosa.

For the U.S., KPMG ranked McAllen as the most competitive city in the United States and Canada, based on low cost of business. There are hundreds of companies on the U.S. side that supply the manufacturing sector in Reynosa, Mexico. Click here to read the full report.

Victoria McAllen News Rankings, Reynosa, Work competitive, KPMG, McAllen, Reynosa

After an a study conducted by the Associated Press, it was found that cities along the U.S.-Mexico are actually one of the safest in the country despite the negative perception at the national level. McAllen, TX has one of the lowest violent crimes rates and contines to emerge as a urban metro area in South Texas.

See the full story here.

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McAllen has grown more than 2,000 jobs since this time last year indicating that the city’s economy remains robust, is still expanding and is reflective of the lowest unemployment rate in the region, according to a Texas Workforce Commission report.

The report, which released the latest job market numbers for cities and counties in Texas from April 2010, shows McAllen’s unemployment rate has dropped three of the first four months this year. McAllen’s 7.7 percent unemployment rate is the lowest this year (from 8.1 in January).

And the city keeps growing jobs. The 59,255 people employed in McAllen in April 2o10 are believed to be the most in city’s history and are 2,018 more than April 2009 – and 805 more than in March of this year. The numbers are consistent with over all state growth as Texas added 32,500 non-agricultural jobs in April.

McAllen’s 7.7 city unemployment rate is lower than all major Rio Grande Valley municipalities and lower than other major cities such as Houston (8.3), Laredo (8.4), Fort Worth (8.5), El Paso (8.6), Dallas (8.7), and Beaumont (9.6).

Hidalgo County, which has the highest unemployment rate among metro areas in Texas at 11.1 percent, also grew jobs and dropped its unemployment rate for the fourth month in a row (12.2 in January). Hidalgo County has about 9,400 more people working than it did in April of 2009.

Texas’ unemployment rate rose slightly in April to 8.3 percent. The national unemployment rate is 9.9 percent.

Victoria McAllen News Rankings, Work employment, job growth, McAllen

Topline Cosmetics, a beauty packaging company, has opened operations in Reynosa, MX. The McAllen Economic Development Corporation is happy to announce this new company, that will take 26,000 square-feet.

Topline’s President said this of the first North American operation:
““Not only does the new North American site increase our global presence, but it will significantly benefit our customers by reducing their working capital costs and supply chain lead time,” said Charles Chang, Topline president. “The new plant thus adds value to our services by enhancing customer productivity and inventory management operations.”

Click here to read the full story.

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According to Forbes, McAllen is one of several Texas cities that topped the list for U.S. metros that have survived the recession and continue to grow.

The report reads: “…Like the rest of the metro areas in Texas, McAllen is showing promise for the future. Employment growth has happened even during the recession, reports PayScale, and there is demand for technology and business professionals. Service industries are also doing reasonably well in McAllen.”

This is one of numerous rankings that McAllen recently has received for its strong and resilient economy. Click here to see the latest rankings.

To see the full list of cities that survived the recession, click here

Victoria McAllen News Rankings economy, Forbes, McAllen, rankings

The McAllen Chamber of Commerce is sponsoring the 2010 McAllen Business Expo today at the McAllen Convention Center at the intersection of Expressway 83 and Ware Road.

This is a great opportunity to network, network, network…generate new leads, meet local business people and hear about the latest trends that could impact your business.

For more about this event, click here

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