The McAllen, Edinburg and Mission region is the fifth largest metropolitan area in Texas. As one of the fastest growing regions in the state, this area has become a tourist mecca, attracting a robust workforce and strong retail economy. Start-up businesses, businesses looking to expand and businesses relocating are all gravitating to McAllen, Edinburg and Mission. With the area recognized as the stronghold of the Rio Grande Valley and benefitting from of the close proximity between each city, businesses are also finding success with setting up just minutes away.
Only Minutes Away
Only seven miles away from the Valley’s economic heart is the emerging city of Alamo, Texas. Part of the fastest growing metropolitan area, Alamo has a high average traffic count on Interstate 2/U.S.83 and a retail demand of over $500 million within a 10-minute radius. This advantage has allowed Alamo to grow from a small town to an emerging city that now hosts H-E-B, Walmart, Walgreens, CVS, a number of eateries and a growing amount of distribution warehouses.
Alamo attracts visitors with their Annual Watermelon Festival, beautiful retirement communities and the Santa Ana National Wildlife Refuge. The city also attracts a number of visitors from gateway cities likes Nuevo Progresso and Tamaulipas due to its proximity to the international border.
Incentives Available for You
The Alamo EDC understands that having an assortment of programs and incentives are necessary for commercial success. The Alamo EDC encourages and supports comprehensive approaches that emphasize the city’s local initiatives, private sector opportunities and self-sufficiency. Some of the accessible programs we offer include:
• Grants to new and existing businesses based on available resources only for offsite improvements where the resulting asset falls within public domain, such as, but not limited to: water distribution, sewage collection, drainage, public thoroughfares, medians, street lighting, solid waste collection, signage, etc.
• The USDA-Rural Development: Intermediary Relending Program (IRP) is another resource for rural communities. EDCs can borrow money from the USDA at 1% for a maximum term of 30 years, which acts as intermediary-relending money to ultimate recipients.
• The USDA-Rural Development: Rural Business Enterprise Grant (RBEG) helps EDCs with rural projects that finance and facilitate the development of small and emerging rural businesses while helping to fund distance-learning networks and employment-related adult education programs.
• The Tax Increment Reinvestment Zone (TIRZ) provides tax increment financing for projects within identified areas.
Commercial Property for Sale
There are 400 acres of available property for sale in Alamo. There are also several existing buildings and facilities for sale or lease depending on what your business needs are. The Alamo EDC strives to make your location search as easy and efficient as possible. Our services can considerably streamline the process of finding a suitable location by providing you with information regarding demographics, real estate, economic incentives, costs and information about Alamo and the surrounding area. To a look at some available listings here.
Let’s Start the Conversation
The southern region of Texas is certainly a hot topic of conversation for many business owners looking to expand or start their new venture. With an increasing number of visitors and cities constantly expanding, the Rio Grande Valley shows no sign of slowing down. Call 956.787.6622 for more information about incentives and why you should locate to Alamo.