Author: pharr edc

Pharr EDC has recently entered into a partnership with the American Chamber of Commerce of Northeast Mexico (AMCHAM Noreste) by signing a Memorandum of Understanding (MOU) aimed at enhancing trade and investment opportunities between the U.S. and Mexico.

The MOU now allows all members of AmCham (representing more than 1,400 companies) to use the new Pharr Global Business Hub to promote technology, cooperation, and investment across the border.

This collaboration was formalized during the “Future of Trade in the Rio Grande Valley” event held in McAllen, Texas, on September 10, where both organizations expressed their commitment to fostering economic growth in the region​.

The MOU outlines a framework for cooperation in areas such as trade facilitation, investment promotion, and the development of business networks. The agreement is expected to support initiatives that encourage U.S. companies to explore the Mexican market while helping Mexican businesses to navigate the U.S. economic landscape.

This partnership aligns with ongoing efforts in Pharr to capitalize on logistics and nearshoring opportunities, particularly as the region continues to see growth in manufacturing and trade activities. Pharr’s strategic location near the U.S.-Mexico border makes it an ideal hub for these initiatives, further supported by events like the Industrial Warehouse Summit which recently highlighted opportunities in logistics and industrial development​.

The AEM-COMCE tour, organized by Francisco J. Peña-Valdés, brought more than 45 Mexican business owners to the Rio Grande Valley (RGV) to explore trade and investment opportunities.

The tour, which featured stops in McAllen, Pharr, and Brownsville, aimed to connect Mexican entrepreneurs with local leaders and businesses to foster collaboration.

Peña-Valdés emphasized the importance of making this an annual event to sustain momentum and build trust.

The Pharr Economic Development Corporation (EDC) played a pivotal role during the tour. Pharr EDC President Victor Perez, Economic Business Development Director Lilvette Santos, and other city officials welcomed the Mexican delegation at the Pharr One Center, where presentations and panel discussions on real estate, business opportunities, and economic growth were held.

The delegation also toured Pharr’s new Global Business Hub and discussed potential cross-border collaborations. Peña-Valdés highlighted the trust between AEM, COMCE Sur, and RGV leaders as a key element for future success.

The Pharr Border Business Advancement Initiative, supported by Victor Perez and the Pharr Economic Development Corporation (EDC), recently hosted a mixer at Topgolf to stimulate growth in the manufacturing sector. The event aimed to foster networking and collaboration among industry professionals, business leaders, and community members.

Key Highlights from the Mixer:

• Networking Opportunities: The event provided a platform for attendees to connect with peers and potential partners in the manufacturing industry.
• Focus on Manufacturing Growth: The mixer addressed the needs and opportunities within the manufacturing sector in Pharr and the surrounding areas.
• Engagement with Local Businesses: Local manufacturers and stakeholders discussed industry trends, challenges, and strategies for growth.
• Support from Pharr EDC: Victor Perez, Executive Director of the Pharr EDC, and his team played a key role in organizing the event, demonstrating their commitment to supporting and expanding the manufacturing sector in the region.

The Topgolf mixer highlights the Pharr Border Business Advancement Initiative’s and the Pharr EDC’s dedication to fostering manufacturing growth through strategic networking and community engagement.

Victor Perez, Executive Director of the Pharr Economic Development Corporation (EDC), made impactful remarks at the official opening of the Pharr Global Business Hub on August 15. Perez highlighted the hub’s potential as a transformative force for economic growth in the region.

Key Points from Victor Perez’s Remarks:

• Catalyst for Economic Development: Perez emphasized the hub’s role as a crucial element in Pharr’s economic development strategy, expected to drive long-term growth.
• Strategic Location: He noted the hub’s advantageous position near major trade routes and international borders, enhancing Pharr’s status in global commerce.
• Job Creation: According to Perez, the hub will be instrumental in generating substantial employment opportunities for the local community.
• International Business Attraction: The hub is poised to attract global businesses seeking to expand or establish operations in the U.S., further boosting the local economy.

Victor Perez’s remarks underscore the Pharr EDC’s strong belief in the hub’s capacity to stimulate economic progress and position Pharr as a key player in international trade and business.