Month: August 2023

Pharr EDC Launches Support For Cross-Border Investors

The Pharr EDC launched the Pharr Economic Initiative, and paved the way for investors in Mexico to take advantage of the business opportunities right across the border, with a highly successful 1a Cumbre de Negocios in July 2023.

The summit, held in Monterrey, Nuevo Leon, Mexico, brought together investors in Mexico, the Pharr EDC, and their relevant partners to help investors facilitate the process of nearshoring operations in Pharr.

The summit addressed some of the biggest obstacles and questions facing Mexican investors who wish to expand their businesses across the border, and highlighted Pharr as a strategic partner in this endeavor.

Topics of the summit included the following:

Expanding the bridget between Pharr and Mexico
Development of strategic infrastructure such as storage and warehousing
Immigrant and non-immigrant visas
Customs regulations and considerations

The successful summit generated abundant interest and inquiries from potential investors. As the first step in the Pharr EDC’s initiative to promote the city as an ideal location for nearshoring ventures and international business expansion, the summit will be followed by additional resources and another summit.

Pharr President and CEO Victor Pérez also revealed Pharr EDC plans to partner with the University of Texas RGV to develop robust resources, such as legal aid, for international investors.

The goal of the initiative is not only to support Pharr but to expand economic opportunities throughout the entire region, creating mutually beneficial partnerships and encouraging economic and business growth.

Find below the complete article with the Texas Border Business.

Launch of the Pharr Economic Initiative, Forging Cross-Border Business Alliances and Nearshoring Prospects