The Role of Southern New Mexico in the Economy

The Federal Reserve Bank of Dallas, El Paso Branch, in partnership with the College of Business at New Mexico State University, presented “the Role of Southern New Mexico in the Economy Conference” More »

Governor Martinez Celebrates the Success of IBA Client, Southwest Steel Coil

On September 19, IBA client and SBA Region Five Exporter of the Year, Southwest Steel Coil (SSC), held an open house for the public to view their latest expansion in Santa Teresa. More »

Roundtable Discussion with Congressman Steve Pearce at Santa Teresa Country Club

On August 19, the IBA assisted in coordinating a roundtable discussion with U.S. Congressman Steve Pearce in Santa Teresa. Homebuilders and developers from the Santa Teresa/Sunland Park region were invited to participate More »

IBA Helps Coordinate Governor Susana Martinez’s Visit to Santa Teresa

On July 25th, the IBA helped coordinate a visit by Governor Susana Martinez and New Mexico Economic Development Department Secretary Jon Barela to Santa Teresa. These officials were in town to announce More »

Governor Susana Martinez Celebrates Opening of Expanded Santa Teresa Port of Entry and Welcomes 15 New Jobs to Border Region

Governor Susana Martinez joined Chihuahua Governor César Duarte and other government officials on May 24th at a ribbon cutting ceremony to officially open the expanded Santa Teresa Port of Entry. More »

 

July 2014

The IBA’s new fiscal year will start on July 1, 2014. Upon embarking on the new fiscal year, the IBA will mark 12 years of existence. As New Mexico’s only statewide international trade assistance program, the IBA has assisted well over 1,000 clients since establishment. The concept of the New Mexico Small Business Development Centers Network (NMSBDCN) becoming a resource to assist the state’s small businesses with their import/export needs was developed by Economic Development Officer Linda Kay Jones of Western New Mexico University and former NMSBDCN State Director Roy Miller. We want to thank both of these individuals for their vision and support over the years.

Going forward, the IBA will be aggressive in offering its services to New Mexico’s small business community, in addition to acting as the go-to entity for all questions involving international trade.  If you know of any company or entrepreneur who might benefit from our no-charge services, please have them contact us.

In the meantime, we look forward to another 12 years of serving New Mexico.

June 2014 Monthly Article – The Downside of International Sporting Events

By Jerry Pacheco

It’s that time again -the 2014 FIFA World Cup is in full swing and billions of people around the world are watching the soccer matches. The best teams in the world gather every four years for the World Cup, which is hosted by a select country, in this case, Brazil. Having avid soccer (football in the rest of the world) fans in my office, I have been watching the U.S. and Mexican teams play their matches, which always turn into festive gatherings.

In order to showcase different parts of its country, Brazil chose 12 different cities to host the 64 matches. In the months leading up to the World Cup, I monitored the Brazilian government’s race to finish stadiums throughout the country. In places such as Manaus, which is considered the gateway to the Amazon, construction projects were particularly challenging. Final touches on stadiums and required infrastructure were applied days, and some argue hours, before the inaugural matches.

June 2014

On May 28th, Union Pacific’s Santa Teresa project was officially inaugurated.  The project, which promises to change the economic complexion of southern New Mexico, consists of an intermodal yard, diesel refueling station and crew changing station.

The following statistics show how large and important this project is to New Mexico:

  • $418 million investment, 2,200 acres, 1,200 acres currently utilized
  • 11.5-miles long
  • 1-mile wide at its widest point
  • 100 miles of rail
  • 136,000 railroad ties.
  • 225,000 annual lift capacity
  • 3,000 construction jobs
  • 600 permanent jobs

Congratulations to Union Pacific on its new Santa Teresa project and the economic impact it will have in New Mexico.

up-train