McAllen, Texas, emerges as a key destination for industrial investment: CBRE
By Viviana Cervantes
September 11, 2023
McAllen, Texas - The city of McAllen, Texas, is emerging as
a prominent hub for industrial
opportunities in the Rio South Texas region, according to a recent
assessment by CBRE, a global leader
in commercial real estate services. This border metropolis, strategically
located on the border between Mexico and the United States, is attracting
investors and entrepreneurs from both sides of the border in search of economic
prosperity and development.
The city of McAllen has been actively promoting the arrival
of new investors through real-life testimonials from entrepreneurs who have
decided to expand to the United States after establishing successful businesses
in Mexico. These entrepreneurs have found McAllen to be a conducive place for
their growth, with tax advantages and guidance in international trade
processes.
Roel Rodriguez, City Manager of McAllen, Texas, emphasizes
that the interest in finding available spaces for new businesses is an ongoing
pursuit. By sharing success stories of entrepreneurs who have made this
transition, confidence in the business sector is strengthened. Rodriguez
comments, "In McAllen, we have the presence of major industries and
binational entrepreneurs who, having businesses in Mexico, seize the growth
opportunity offered by the Rio Grande Valley. Their testimonials are the best
example of why to invest here; new opportunities are on the horizon."
The
International Economic Summit of MXLAN was one of the most recent events that attracted the
attention of binational entrepreneurs from various sectors, including the
logistics industry. During this event, they shared their experiences and
challenges in an open dialogue. Future economic development plans were also
discussed, emphasizing the importance of the trade relationship between Mexico
and the United States.
Rodriguez concludes: "In the Rio Grande Valley, we are
more than 1.5 million inhabitants, and we jointly promote the arrival of new
investments. Even during the pandemic, we witnessed industrial growth, and we
know that this growth will be even greater in the future. Our relationship with
Mexico is strong, and we are willing to support all the needs that investors
may have."
Currently, McAllen ranks high in terms of interest in the occupation and development of industrial properties, according to data provided by CBRE. This position reaffirms its status as a growing center and a benchmark for trade and investment in the region.
