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 »
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 »
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 »
By Jerry Pacheco
The emails started coming in the early morning hours –some forwarded and some cut and pasted for me to read. Every one of my colleagues asked, “Did you read this?” or “Do you think this is true?” The subject in question was a report posted on the Judicial Watch website that stated it was in contact with sources, including Mexican federal police, who claimed that ISIS had set up terrorist camps in a section of west Juarez called Anapra.
The 2015 New Mexico Legislative Session adjourned on March 21. Perhaps, the biggest disappointment of the session was the failure by legislators to agree on a capital outlay bill for a multitude of projects throughout the state. New Mexico’s border region will be impacted, due to the fact that a major arterial, Airport Rd. that connects two Santa Teresa industrial parks will not have funding for reconstruction. The boom in cross-border trade on New Mexico’s border with Mexico has increased commercial traffic tremendously, which is taking a toll on roads used by commercial trucks. In order to continue recruiting new business to this part of New Mexico, infrastructure will need to be improved.
On a more positive note, two bills that will positively affect cross-border trade were passed and are awaiting Governor Martinez’s signature. The first is an extension of the six-mile, overweight cargo zone, which was created in 2011. This allows trucks weighing up to 96,000 pounds to operate within the zone, increasing logistics efficiencies and reducing costs. The bill increases the zone by another six miles, encompassing the year-old Union Pacific Santa Teresa Railyards.
The Legislature also passed a bill that will allow utilities in New Mexico the ability to negotiate a reduced electricity rate – referred to as an economic development rate – for business clients. This is particularly important in areas such as Dona Ana County, which competes against El Paso, Texas for industry. El Paso Electric has different compacts with the City of El Paso and Dona Ana County. This often results in a negative cost differential for Dona Ana County. Exacerbating the problem is that El Paso Electric is allowed to negotiate up to a five-year discounted rate to compete for businesses. The new economic development rate will allow El Paso Electric to offer competitive rates for up to five years for businesses wanting to stay in New Mexico or move their operations here.
On February 5, the U.S. Department of Commerce (USDOC) issued a press release stating that U.S. businesses exported $2.35 trillion in goods and services in 2014, breaking a record for the fifth year in a row. According to the release, new records were achieved in exports of capital goods, consumer goods, petroleum products, foods, feeds, beverages and automotive vehicles/parts. Exported goods accounted for $1.64 million, an increase of 2.7 percent. Service exports hit an all-time high of $710.3 billion. Leading categories in this sector included travel, transport, charges for the use ofintellectual property, and financial services.About a year ago, I was having a conversation with two Mexican friends of mine, one of whom has been involved in Mexican politics for decades, and the other who is a prominent businessperson. We were discussing the gridlock that has beset the U.S. Congress and how this has stymied the U.S. from implementing solutions on immigration, and funding of projects such as the expansion of international ports on the U.S.-Mexico border.