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What's New
12/15/2009 — mpcstudios
Rio South Texas Economic Council holds Annual Board Meeting
January 20, 2010
E. Ray Covey,
Economic Development of Texas Manager
AEP Texas
Mr. Covey, from Corpus Christi, Texas, was attending Texas Economic Development's Winter meeting on South Padre Island, January 20 – 22, 2010. While at a luncheon hosted by Rio South Texas Economic Council, Mr. Covey said "I have seen a lot of regional economic collaborations and in my opinion Rio South Texas is the strongest. I am very impressed with the quality of this organization".
The Rio South Texas Economic Council (RSTEC) was founded in 2007 and consist of public and private associations of economic development interests within the four southernmost Texas counties—Cameron, Hidalgo, Starr and Willacy—formed to enhance knowledge of the area's many assets; to foster the growth of the local economy; and to enhance the area’s competitiveness in order to attract capital investment and jobs.
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Anzalduas Bridge Opening
MCALLEN, Texas ,Sept. 14 2009
MCALLEN, Texas ,Sept. 14 /PRNewswire/ -- In a region heavily dependant on cross-border trade comes the Anzalduas International Bridge, the nation's newest crossing into the industrial border cities in Mexico.
There are over one million people working at some 4,000 maquiladoras concentrated along the U.S./Mexico border. Maquiladoras are manufacturing or export assembly plants operated in Mexico under preferential tariff programs established by the U.S. and Mexican governments.
The presence of these maquiladoras provides considerable advantages to the economic environment along the border by increasing trade, generating employment and acquiring local resources - all important stimuli to the economy in McAllen and the rest of the South Texas area.
The benefits of low-cost Mexican labor and the opportunities created by NAFTA (the North American Free Trade Agreement) have kept many foreign companies turning to the maquiladoras for labor and advanced manufacturing processes. Most lie within a short drive from the border and less than 15 minutes away from the city of McAllen -- the perfect location to take advantage of the international market and the opportunities created through NAFTA.
The Anzalduas Bridge officially opened on December 16, 2009 and will directly connect Mission and McAllen, TX to the industrial hub of Reynosa, Mexico. It will offer a quicker and safer route for crossing the border, and will eventually be the most efficient way for commercial traffic from northern Mexico to reach U.S. highways.
McAllen and its surrounding sister cities are equipped with world-class infrastructure connecting businesses to local, international and global communities. With close proximity to the Mexican border cities of Reynosa, Matamoros, Monterrey, and with the infrastructure in place to reach Mexico with ease, the area provides unmatched opportunities and resources for businesses looking to relocate.
As McAllen and the rest of South Texas continue to develop, and with the opening of the Anzalduas International Bridge, the economic ties between South Texas and Mexico will also continue to strengthen.