Latest News
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...
Unlocking Economic Growth: The Rise of Santa Teresa Port of Entry
Established in 1993, the Santa Teresa Port of Entry stands as a beacon of hope for New Mexico, offering a gateway to capitalize on the burgeoning trade with Mexico. Yet, initial enthusiasm for the project waned as economic growth remained sluggish, prompting doubts from both the public and policymakers about its viability. For years, commercial activity at the port remained lackluster, with major manufacturers and distributors hesitant to set up shop. In a bid to boost traffic, inventive...
New Mexico Borderplex celebrates economic development week
Economic Development Week, celebrated annually from May 6-10, shines a spotlight on the concerted efforts made by state and local authorities to bolster job creation and enhance economic prosperity. Initiated in 2016 by the International Economic Development Council, this observance underscores the significance of deliberate policy interventions to fortify families' economic security. This focus holds particular relevance in New Mexico as the State Economic Development Department (EDD)...
DOE Awards $3M to Incubators and Accelerators in Support of Clean Energy Tech Startups – Arrowhead Center New Mexico
In a stride towards fostering energy innovation across the nation, the U.S. Department of Energy's Office of Technology Transitions (OTT) has unveiled the Phase 1 victors of the Energy Program for Innovation Clusters (EPIC) Round 3. A total of twenty-three incubators and accelerators, representing a diverse array of entrepreneurship communities, have been granted $150,000 each to fortify programs aimed at nurturing energy startups and entrepreneurs within their localities. This assortment of...
Expansion Plans Unveiled for Santa Teresa Port of Entry in the NMBorderplex
The Santa Teresa Port of Entry may undergo significant expansion following the release of findings from a federal feasibility study last week. Presented by the General Services Administration and the Customs and Border Protection department, the study outlines a vision to enlarge the port to fifteen commercial lanes (from the current three) and eleven passenger lanes from Mexico, along with five southbound lanes and expanded inspection bays for commercial trucks. Should the project receive...
White House Investment set to make New Mexico and the Borderplex a vital domestic epicenter for advanced chip manufacturing.
New Mexico Governor Michelle Lujan Grisham welcomed the White House's announcement, positioning New Mexico and the borderplex as a pivotal domestic hub for silicon chip manufacturing. President Joe Biden revealed a non-binding preliminary memorandum of terms (PMT) between the U.S. Department of Commerce and Intel Corporation, earmarking up to $8.5 billion in direct funding under the CHIPS and Science Act. This initiative aims to fortify the U.S. supply chain and revive American supremacy in...
Can New Mexico help stabilize the video game industry?
The gaming industry, like any other industry experiences its ups and downs. However, the recent waves of layoffs in 2023 and the alarming numbers seen in the early months of 2024 have sent shockwaves throughout the gaming community. More than 6,500 game developers lost their jobs in 2023, and the trend seems to continue -- nonstop. The layoffs of 2023 were primarily attributed to the post-COVID industry slump. During the pandemic, with people confined to their homes, the gaming and tech...
Is New Mexico Emerging as the United States’ Onshoring Hub?
In a groundbreaking move that signifies a significant shift in the landscape of industrial manufacturing, Hota Industrial, one of Taiwan’s largest manufacturers who service the auto industry, has recently announced its expansion to the New Mexico Borderplex region, positioning New Mexico as the United States' onshoring hub. This strategic move not only underscores Hota's commitment to efficiently reaching their U.S. based clients and customers, but also reflects a broader trend of...
Aerospace startup expects ‘rapid’ growth in New Mexico with new NASA grant
Washington, D.C.-based aerospace technology startup, Rhea Space Activity (RSA), recently secured a NASA research grant, paving the way for significant expansion in New Mexico. The CEO, Shawn Usman, shared details of the company's for the region. Established in 2018, RSA received a $750,000 grant from NASA's Flight Opportunities program for its revolutionary celestial navigation technology known as the Jervis Autonomy Module (JAM). JAM utilizes a combination of hardware and software to offer...
