Category: News

Victor Perez Outlines Pharr Global Business Hub’s Importance

Posted on August 29, 2024 by - News

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.

Pharr EDC Team. Pictured from L-R: Janie Cavazos, Property Development Manager; Maribel Garcia, Executive Administrative Assistant; Victor Perez, President and CEO; Lilvette Santos, Economic Business Development Director; and Karina Lopez, Economic Development Manager. Photo by Roberto Hugo González

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.

Phar Celebrates Greenway´s Milestone

Posted on August 6, 2024 by - News

Greenway’s Milestone in Pharr, Texas

Pharr’s cold storage capabilities are expanding, thanks to a planned construction by LakeWay Produce’s sister company, Greenway Construction. Over two phases, the building will grow from an initial 50,000 square feet to a final 94,000 square feet of cold storage space.

The construction comes on the heels of another Greenway-built cold storage facility that opened earlier this year with a total of 44,000 square feet of space. Ramon Mery, CEO of LakeWay Produce and Greenway Construction has publicly praised Pharr and the surrounding area for providing an environment where produce companies can be “more competitive, more efficient, and better positioned.”

Pharr is about to land 700,000 Square Foot Warehouse: Largest in Region

Posted on August 6, 2024 by - Foundation, News

Pharr Announce Massive 700,000 Square Foot Warehouse, Largest in Region

Pharr is on the brink of announcing a massive, 700,000 square-foot warehouse, the largest in the region. The project represents a significant milestone for Pharr’s economic development efforts, signaling growth and expansion in the logistics and warehousing sector.

According to Pharr EDC President, Victor Perez, the warehouse is part of a number of projects coming to Pharr that together will provide a million square feet in facilities. Perez also noted that Pharr’s rich quality of life will continue to attract investors and their families, allowing the city to grow. The development is poised to create job opportunities and drive further investment in the region, reinforcing Pharr’s position as a thriving hub for industrial and commercial activity.

Pharr EDC restore plans to create a new Foreign Trade Zone

Posted on August 6, 2024 by - News

Pharr EDC resurrects plans to create a new Foreign Trade Zone

The Pharr EDC and Hidalgo County are resurrecting plans to establish a new Foreign Trade Zone in the area, aiming to enhance economic growth and attract businesses.

What Pharr EDC President Victor Perez calls a “regional” project could include a number of RGV cities, including Donna, Weslaco, Edinburg, and potentially others. It would join 4 other FTZs in the Rio Grande Valley, in a response to the growth of activity at the Pharr International Bridge.

While the timeline for the project is not yet set. he FTZ designation will provide companies with cost-saving benefits, including exemptions on duties and tariffs for imported goods. By creating this zone, Pharr hopes to increase trade and investment opportunities, further solidifying its position as a strategic hub for international commerce.

Assistance & Funding

Posted on July 30, 2024 by - News

Sometimes, economic growth needs a hand. In our Community Grants Newsletter, discover upcoming loans and grants programs designed to put assistance within the reach of you and your organization, because when businesses thrive in Pharr, we all benefit.

Download Newsletter

Pharr EDC Partners With Zitacuaro, Michoacan, MX

Posted on April 2, 2024 by - News

We are SO excited to announce that we have signed a Memorandum of Understanding with a delegate from Zitacuaro, Michoacan, MX as part of our continuing commitment to building international partnerships that benefit Pharr and our partners.

“This is a great move forward for the City of Pharr and the Pharr EDC as we aim to strengthen our international partnerships and work collaboratively with similar cities to attract growth, business, and investors,” said  Dr. Jonathan B. Flores, Pharr City Manager. “By working together, our two cities can synergize and help each other succeed.”
Read more about this exciting development here.

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