COSTEP Showcases Investment Opportunities in South Texas at Select USA

The Council for the Economic Progress of South Texas (COSTEP) participated in the Select USA 2024 Summit, held in Maryland, USA. This crucial event focuses on attracting foreign investments to various regions across the United States.

During their participation, COSTEP aimed to promote South Texas as the best place to invest through nearshoring. Adam González, CEO of COSTEP, highlighted that their team successfully connected with leaders and representatives from various industries, as well as potential international investors. "Our team scheduled numerous meetings with potential investors and identified several projects that are a good fit for our region," González explained.

South Texas, as a binational region extending from the cities of Laredo to Brownsville in Texas, USA, and from Nuevo Laredo to Matamoros in Tamaulipas, Mexico, has solidified its position as one of the most attractive destinations for new investments.

Advantages of South Texas for Investors

With the growing interest in nearshoring, companies are demanding efficient logistics schemes in their foreign trade processes. South Texas meets these international demands through its diverse logistical infrastructure, including international bridges, airports, highways, maritime terminals, and industrial parks. Additionally, the region boasts a skilled workforce that drives the prosperity of the manufacturing industry.

Rick Carrera, Director of Economic Development at COSTEP, played a crucial role during the summit alongside González, reaffirming the organization's ongoing commitment to fostering new investment opportunities in the region. "We will provide the necessary follow-up to attract new opportunities to our region," González added.

The Select USA 2024 Summit also saw participation from business leaders and representatives from the Brownsville Incentives Corporation (GBIC) and the Economic Development Corporations (EDC) of Harlingen and Weslaco in Texas. Their contributions significantly enhanced the attraction of foreign investments to the region, underscoring the strategy of promoting South Texas as a dynamic and transboundary economic development hub.