Tag: News

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.

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