Latest News
El Paso Electric Recognized as a Top Utility in Economic Development for 2024
Site Selection magazine acknowledges EPE’s critical role in boosting regional growth and job creation. El Paso Electric (EPE) has been honored as a Top Utility in Economic Development for 2024 by Site Selection magazine. This prestigious recognition highlights EPE’s commitment to fostering economic growth in West Texas and Southern New Mexico. Through innovative initiatives and strategic collaborations, EPE continues to play a key role in driving investments and creating jobs that benefit the...
The $800 Billion Border
If you believe that border immigration issues at the U.S.-Mexico border are slowing down commercial activity, it’s time to reconsider. Chicago-based real estate investment firm Brennan Investment Group has launched a new U.S. Border division, signaling strong confidence in cross-border opportunities. This division is set to make significant investments along the entire 1,961-mile U.S.-Mexico border, which encompasses 25 ports of entry. “The nearshoring trend, driven by factors like...
Virgin Galactic Completes New Spaceship Manufacturing Facility
Virgin Galactic has announced the completion of its new manufacturing facility in Phoenix, where it will assemble the next-generation Delta spaceships set to launch from Spaceport America in southern New Mexico. This development comes on the heels of Virgin Galactic's successful spaceflight last month, marking its second trip to space in 2024 and the 12th overall since July 2021. However, the company plans to retire the current VSS Unity spaceship and pause all spaceflights from New Mexico...
NMSU Greenlights $15M Soundstage Development Deal for video game and film development in the New Mexico Borderplex
New Mexico State University’s Board of Regents has unanimously approved a groundbreaking 12-year agreement to develop a state-of-the-art soundstage for film, video game and television production at the Arrowhead Center, the university’s hub for business and technology innovation. The decision, made during a meeting at Doña Ana Community College’s East Mesa campus on June 28, greenlights the construction of a $15 million complex. Funded by the New Mexico Economic Development Department, this...
Major Expansion Underway for Valley Cold Storage & Transportation in the New Mexico Borderplex
Valley Cold Storage & Transportation, the first purpose-built refrigerated warehouse system in the New Mexico Borderplex, is gearing up to complete a significant expansion of its Santa Teresa facility by the first quarter of 2025. With facilities located in Santa Teresa and Las Cruces, NM, this expansion marks a pivotal enhancement in their service offerings to the retail, food service, food distribution, and agricultural sectors across Southern New Mexico, West Texas, and Northern Mexico....
Eleven New Mexico Companies Awarded State Job Training Funds in July
$1.2 Million Allocated to Train Up to 93 New Employees Statewide The New Mexico Economic Development Department (EDD) has allocated nearly $1.2 million in job training funds at its July 2024 Job Training Incentive Program (JTIP) board meeting. Acting Secretary Mark Roper announced that eleven companies applied for the funds, which are intended to support the hiring and training of up to 93 new employees. JTIP is a state initiative designed to promote relocation, growth, and hiring within New...
New Mexico Economic Development Department Announces LEADS Grants to Boost Economic Capacity and Job Creation
The Acting Cabinet Secretary of the New Mexico Economic Development Department (EDD), Mark Roper, announced today that the New Mexico Borderplex organization, Mesilla Valley Economic Development Alliance (MVEDA), has been awarded grants from the LEADS program. These grants aim to enhance economic capacity and create jobs across the state. The Local Economic Assistance and Development Support (LEADS) initiative is designed to support local governments and qualified economic development...
Borderplex Benefits From Texas Opening State Office In Taiwan
Texas is poised to open a new state office in Taiwan (link to sun-news article), an initiative announced by Governor Greg Abbott during his economic development trip to Asia on Sunday. This move, alongside the already established New Mexico Taiwan state office, is expected to benefit the Borderplex region by strengthening trade and cultural ties between El Paso, Texas, Las Cruces, New Mexico, Ciudad Juarez, Mexico, and Taiwan. The Borderplex region's strategic location provides easy access to...
MVEDA, NMborderplex and Southern New Mexico Hosts Taiwanese Business Delegation
Last week, the Mesilla Valley Economic Development Alliance (MVEDA) had the honor of organizing a delegation of Southern New Mexico representatives to host TAITRA, a delegation of esteemed Taiwanese businesses visiting the Albuquerque area. This event was a remarkable opportunity to showcase the economic potential and collaborative spirit of the Borderplex region. Our delegation was privileged to be joined by key figures, including the Mayor of Las Cruces and members of his dedicated team....
The Hunt Center and Startup Chihuahua Unite to Empower New Mexico Borderplex Entrepreneurs
The Hunt Center for Entrepreneurship at New Mexico State University's Arrowhead Center and Startup Chihuahua have partnered to support entrepreneurs in the Borderplex region and the city of Chihuahua. Their collaboration will launch a series of angel investment training sessions designed to boost the local entrepreneurial ecosystem. The Hunt Center is dedicated to fostering entrepreneurship by empowering diverse groups, educating students to commercialize innovative products and services, and...
