Author: pharr edc

The city of Pharr proudly recognizes October as Manufacturing Month to celebrate the pivotal role of the manufacturing industry in its economic framework. This designation highlights the sector’s contributions to economic growth, job creation, and technological advancements in the region.

The month-long celebration will feature events, workshops, and tours to showcase manufacturing opportunities in Pharr and inspire local workforce development. Businesses, educators, and community members are encouraged to participate, learning about the industry’s advancements and the range of career paths available to residents of all ages.

The Pharr Economic Development Corporation (EDC) has taken a bold step in enhancing binational trade and investment by partnering with the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE).

This strategic alliance was formalized through a Memorandum of Understanding (MOU), underscoring both organizations’ commitment to promoting cross-border economic growth, with a particular focus on leveraging the Pharr International Bridge—a key commercial artery connecting Mexico and the United States.

Through the signing of a Memorandum of Understanding (MOU), both organizations committed themselves to leveraging the Pharr International Bridge as a pivotal commercial artery, driving economic growth and diversification in the region.

The MOU aims to deepen economic collaboration by facilitating trade and investment activities that benefit the economies of both countries. With COMCE’s established expertise in supporting Mexican businesses’ international trade ventures, this partnership is positioned to create new business opportunities, diversify economic resources, and drive substantial growth for businesses in Pharr and the broader Rio Grande Valley region.

COMCE, known for its dedication to promoting international trade and investment for Mexican businesses, plays a crucial role in facilitating economic relations. This partnership marks a significant step towards strengthening economic ties, creating new opportunities for businesses, and empowering economic growth in Pharr.

The Pharr Economic Development Corporation (Pharr EDC) has reached a huge milestone by signing a Memorandum of Understanding (MOU) with the American Chamber of Commerce of Mexico, Northeast Chapter (AmCham Northeast Chapter). This agreement, formalized by Victor Perez, president and CEO of Pharr EDC, Lorenzo Barrera Segovia, president of the AmCham Northeast Chapter, and Grace Lingo, executive director of the AmCham Northeast Chapter, marks a commitment to mutual growth and cooperation between the City of Pharr and AmCham’s 1,400 member companies.

The MOU aims to build stronger economic ties between the Northeastern Mexico region and Pharr, Texas. Although the agreement is not legally binding, it is designed to create deeper understanding and cooperation, enabling the exchange of knowledge, expertise, and resources across the border.

Victor Perez expressed enthusiasm about the partnership, stating, “The signing of this agreement marks the beginning of a new chapter in our relationship with AmCham.” He emphasized that the collaboration will create new job opportunities and strengthen the regional economy.

The involvement of AmCham, which represents influential players in Mexico’s economy, means that this strategic partnership will have far-reaching implications. It allows AmCham members to participate in business opportunities in Pharr while providing local businesses access to new markets in Mexico. The partnership positions Pharr as an attractive hub for international investment, aligning with initiatives like the Pharr Global Business Hub, which offers AmCham companies office space and resources to expand their operations.

This agreement also enhances Pharr’s reputation as a focal point for cross-border business relations, creating a reciprocal flow of investment and innovation that benefits both economies. By attracting international investment and providing local businesses the opportunity to enter the U.S. market, the partnership strengthens international value chains and introduces advanced technology and practices to the region.

The MOU will also facilitate joint events, conferences, and forums, allowing business leaders from both Mexico and the U.S. to engage directly with political, educational, and industry figures. These interactions are expected to yield a valuable exchange of ideas, shaping the future business environment in both regions.

In addition to promoting economic growth, the agreement emphasizes workforce development through training and advisory programs designed to improve skills and competitiveness. By sharing best practices and innovations, the partnership will ultimately enhance productivity and sustainability for businesses operating in both the U.S. and Mexican markets.

Overall, this MOU establishes a solid foundation for ongoing collaboration between the American Chamber of Commerce of Mexico and the Pharr EDC.

Pharr EDC announces nearly 11 million square feet of new industrial parks, highlighting city growth and international business opportunities.

At a recent South Texas Manufacturers Association meeting at the DoubleTree Suites by Hilton in McAllen, Janie Cavazos, vice president of business recruitment for the Pharr Economic Development Corporation (EDC), revealed plans for ten new industrial parks.

These parks will add almost 11 million square feet of warehouse space, including cold storage and dry warehouses. Six parks will be within Pharr’s city limits, while the remaining will be in its extraterritorial jurisdiction (ETJ).

Pharr EDC, along with the Pharr Bridge Board, will officially announce the details at the next Warehouse Summit in October. This effort continues to position Pharr as a critical hub for international trade and development.