2014 New Mexico Export Recap

In 2014, New Mexico led all U.S. states in percentage growth of exports to Mexico with 93% increase. The next highest state was Montana, which saw its exports to Mexico grow by More »

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 »

 

August 2015

Every year, the IBA coordinates the Santa Teresa Charity Golf Tournament, in which businesspeople, developers, public sector officials, and sponsors participate. The money raised at the tournament goes to the Santa Teresa Charitable Foundation, a 501 ( c)3 non-profit that funds the Honors Programs at three local elementary schools, college scholarships, and donations to disadvantaged children who don’t have sufficient resources to purchase school supplies and uniforms. A full 100% of the money raised goes to the Foundation.

This year, the charity golf tournament will take place on September 25, starting at 1:00 pm at Vista Hills Country Club (2210 Trawood Dr. El Paso, TX 79935). The generous participation over the years by players, sponsors and volunteers has allowed us to donate more than $180,000 to the various programs. This has done wonders with the youth of our community to convince them to have perfect attendance, good grades and become young community leaders.

We are again recruiting players, sponsors, and volunteers to make this year’s tournament a success.  Please give us a call at 575-589-2200 or send an email to Priscila Gurrola to priscila@gpiinc.biz as soon as possible to let us know if you can participate. We appreciate your continued generous support of our youth.

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July 2015 Monthly Article – Iran and Oil

By Jerry Pacheco

On July 14, international negotiators and Iran reached a historic accord to limit its nuclear capabilities in an attempt to provide stability to the Middle East. Per the accord, Iran has agreed to transform its major nuclear reactor in such a way that it cannot produce weapons-grade plutonium, and to send its fuel to other countries. Per the terms, it agrees to change some plants from enriching uranium to research and to cut back at others. It also has agreed not to build other nuclear reactors for 15 years. To ease western fears that Iran will not adhere to the agreement, the country has agreed to periodic inspections, some for up to 25 years. In exchange for agreeing to the deal, sanctions will be lifted by western allies that have restricted the country’s exports and limited the ability of many western companies from doing business with this country.

June 2015 Monthly Article – Mexico’s Booming Automotive Industry

Mexico’s automotive industry is growing rapidly. No, that is an understatement – Mexico’s automotive industry is booming. In the past couple of years, no fewer than eight automotive manufacturers have announced plans to build new plants in Mexico. By 2016, Mexico will be a manufacturing base for automakers such as Infinity, Audi, BMW, Mercedes- Benz, and Kia. Other automakers such as Ford, Nissan, GM, and Volkswagen have long produced in Mexico. In 2014, combined auto production in Mexico rose 18.5 percent and a record 538,972 vehicles were exported, while 266,899 units were sold domestically.