With constant job growth, a low cost of living and easily accessible international trade, the McAllen-Edinburg-Mission metropolitan statistical area has grown into a population of over 800,000 residents, surpassing El Paso, Killeen-Temple and Beaumont-Port Arthur. This now makes the Rio Grande Valley the fifth largest MSA in Texas as reported by the U.S. Census Bureau. Through successful tourism, manufacturing and development of major commercial, retail, office, medical and education facilities, businesses are now noticing that locating along the U.S. Mexico Border can bring success.
Find success in the ever-growing South Texan region. Let the Alamo EDC assist your business growth today!
A total of 11 ports of entry connect the RGV with major Mexican cities like Nuevo Progresso and Tamaulipas. These entryways allow businesses to broaden their target markets and clienteles. Mexico‘s proximity to the RGV has helped many fortune 500 companies find success. Over the past 25 years, American manufactured exports have quadrupled according to the U.S. Commerce Department. This constant trade has helped put the RGV ahead of other cities in Texas.
A Skilled Workforce
According to the National Association of Manufacturers, 80% of manufactures report a moderate or serious shortage of qualified applicants for skilled production positions. With nearly 3.5 million manufacturing jobs needed and 2 million expected to go unfilled, manufacturers may experience a worker shortage.
Last year, it was reported by ManpowerGroup that 38% of employers were having difficulty filling jobs and 48% of companies acknowledged that these shortages had a significant impact on their business. However, with a population of 1 million, the young, bilingual and increasingly skilled workforce of the RGV is ready to help your business succeed.
A driving factor that has helped this area establish growth is the low cost of living. In fact, the McAllen-Edinburg-Mission area is 8.5% below the national average. This means that surrounding cities are also reaping the benefits of the low cost of living.
All About Alamo
Alamo is quickly becoming one of the most vibrant cities for businesses in South Texas due to:
- A retail demand of over $500 million
- 400 acres of availability
- Lowest cost of living in the nation
- A 119,480 daily traffic count
Along with being part of a growing region, Alamo serves as the top birding destination in the United States for thousands of tourists. These population fluxes contribute to the success of many businesses in the city. The city also helps businesses with workshops, incentives and more through the Alamo Economic Development Corporation (EDC).
The EDC is dedicated to promoting and providing new business opportunities to foster economic growth. The EDC’s main goal is to increase private enterprise, individual opportunities and corporate development through business initiatives.
The Revolving Loan Program and TIRZ
The Revolving Loan Program is designed to assist small businesses and entrepreneurs by providing a low-cost, alternative financing option. Alamo also designated up to $5 million for potential economic development incentives to finance improvements and promote development of defined areas. The TIRZ initiative helps improve business outlook, encourages the local commercial environment and aims to facilitate higher levels of prosperity for business of all scopes and sizes.
Be a Part of the Growth
Many new and exciting things are happening in the Rio Grande Valley. Your business has the opportunity to be a part of major success, so contact us today at 956.787.6622.