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Archive for September, 2010

McAllen EDC receives award of excellence from International Economic Development Council in Columbus, OH

September 28th, 2010 Comments off

The McAllen Economic Development Corporation received an Excellence in Economic Development Award for their New Media Strategy for the McAllen EDC in the category of New Media for communities with populations of 25,000 – 200,000 from the International Economic Development Council (IEDC).

The honor was presented at an awards ceremony on Tuesday, September 28 during the IEDC Annual Conference, September 26-29 in Columbus, Ohio.

“We recognize the McAllen Economic Development Corporation for providing successful strategies to promote new paradigms in economic development in this period of global recovery,” said William Best, IEDC chair. “Our awards honor organizations and individuals for their efforts in creating positive change in communities. The McAllen Economic Development Corporation is showing that they are at the forefront of the economic development profession and are using innovative and effective practices that can be replicated in other communities.”

McAllen Economic Development Corporation has employed several strategies with new media to strengthen the Business Retention and Expansion program, work with the media, promote the McAllen community, engage potential investors, and generate leads. While personal connection is not disregarded, it is evident that people seek information in various places and providing it in numerous formats is the responsible approach. The current strategy includes: blogging, web columns written by staff, webinars, Facebook, Twitter, LinkedIn, Google phone and groups, instant messaging, interactive display at the McAllen International Airport, YouTube videos that highlight the fun aspects of life along the U.S.-Mexico border, podcasts to offer more information, and online supplier expos. This strategy aims to put McAllen at the forefront of everyone’s mind in a fun, creative and cost-effective manner.

McAllen EDC is a not-for-profit corporation under contract with the City of McAllen to create jobs by attracting new industry and helping existing companies expand within the city and in Reynosa, Mexico. McAllen EDC works with prospective clients, handles marketing and public affairs, and provides corporate support to existing manufacturing and supplier companies. For the past 22 years, McAllen EDC has worked to promote McAllen and Reynosa, Mexico.

The Excellence in Economic Awards Program annually recognizes the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. The program honors organizations and individuals in 28 categories for their efforts in creating positive change in urban, suburban, and rural communities.

The International Economic Development Council (IEDC) is the premier membership organization dedicated to helping economic development professionals create high-quality jobs, develop vibrant communities and improve the quality of life in their regions. Serving more than 4,500 members, IEDC represents the largest network of economic development professionals in the world. IEDC provides a diverse range of services, including conferences, certification, professional development, publications, research, advisory services and legislative tracking.

Palmer Steel Supplies in McAllen hosts STEEL DAY

September 24th, 2010 Comments off

Palmer Steel, a McAllen-based company for more than 50 years, is hosting Steel Day- a national day of recognition for the steel industry. From 10 a.m. to 3 p.m., Palmer Steel will be hosting tours and workshops about steel fabrication and the industry. This is the only Steel Day south of San Antonio and the first time Palmer Steel has hosted this event. Palmer Steel is located at 4300 Acapulco Ave., south of Military Highway.

Palmer Steel has contributed steel to numerous global and local projects. Locally, Palmer Steel did all of the steel construction for the new McAllen Convenetion Center, as well as the H.E.B. on Shary Road. The company also fabricated the steel for the Indiana Jones amusement ride at Disneyland in California and for terminal expansion at Houston Hobby Airport.

The event will begin at 10 a.m. and last until 3 p.m. Lunch will be available at noon. Please click here to learn more about Palmer Steel Supplies.

For more information, please contact Erica Gutierrez with Palmer Steel at (956) 686-6575 or via email at erica@palmersteel.com. Reporters and photographers are welcome.

Click here to learn more about Steel Day.

New report indicates McAllen’s current employment surpassed 5-year peak

September 22nd, 2010 Comments off

Garner Economics has released a recent report comparing the 372 metro areas in the United States. Based on employment total from the past five years, the report indicated that McAllen is one of only 16 metros that has surpassed July peak employment totals from the past five years. McAllen increased its job totals by 2-percent, according to the analysis.

Texas was the only state to have more than one metro that surpassed previous employment totals.

To view the full report, click here.

Venture capital firm invests in Rio Grande Valley tech company

September 20th, 2010 Comments off

Cottonwood Technology Fund, an El Paso-based venture capital firm, has invested in the Rio Grande Valley’s first technology start-up company FibeRio. Housed at University of Texas-Pan American, FibeRio is working on revolutionizing the nanofiber industry.

To read the full article, click here.

FibeRio receives grants to increase technology

September 15th, 2010 Comments off

FibeRio, a local nanotechnology company houses at the University of Texas-Pan American received a grant from the State of Texas, as well as the McAllen Chamber of Commerce. This is a new company that will focus on developing new technology and creating new jobs in the McAllen area.

From The Monitor newspaper: “What you see happening today is a first-class operation,” said Steve Ahlenius, president and chief executive officer for the chamber. “If you create something here with local people … those jobs and those companies will stay here.”

To read the full story, click here

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REPORT: Don’t mess with the Texas Economy

September 14th, 2010 Comments off

A recent article in the National Journal Magazine indicated that Texas has the most robust economy during these slow economic times and cities such as McAllen continue to grow, add business and increase employment.

From the report:
The reasons for this success aren’t unique. A key factor has been the state’s energy production. “If you look at the first half of 2008, the U.S. [economy] had started to decline, but Texas was still growing,” said Keith Phillips, a senior economist at the Federal Reserve Bank of Dallas. Oil and natural-gas prices were very strong, he explained, and so “we entered the recession late.”

To read the full article, click here

Santana Textiles begins construction on Rio Grande Valley operation

September 13th, 2010 Comments off

Brazil-based Santana Textiles recently broke ground on a new 775,000 square foot facility within the McAllen MSA. The new denim manufacturing facility will be located at North Highway 281 within the City of Edinburg’s Industrial Park. The operation, which is projected to create 800 new direct jobs and 2,400 indirect jobs, will focus on using cotton yarn to produce denim. The South Texas project will include spinning, dyeing and cotton weaving in order to produce denim fabric.

See the full story by clicking here

Maquiladora employment increases in Reynosa, Mexico

September 2nd, 2010 Comments off

Statistics released from Mexico indicate that maquiladora employment in Reynosa has recently increased. President/CEO of the McAllen Economic Development Corporation Keith Patridge attributes the increase to companies shifting production to places where they have lower costs and a capable workforce.

Read the full story by clicking here