MEDC committed 56 companies and created 4,216 jobs.
Faced with unemployment in the mid 20’s, an agricultural economy decimated with two freezes, and the devaluation of the Mexican peso due to lower Mexico oil prices, the McAllen Economic Development Corporation (MEDC) was founded by Mike Allen.
MEDC strategic objectives were to diversify the economy, improve relations with Mexico, and improve the profitability of the Foreign Trade Zone (FTZ)
MEDC quickly grew to 6 employees and our current President, Keith Patridge, joined the organization
In order to compete with low wages in Asian countries such as Korea, Taiwan, Singapore, and Hong Kong, MEDC focused on recruiting manufacturing companies to Reynosa, Mexico. This gave birth to the booming maquila industries in Reynosa and allowed supplier companies to set up operations in McAllen
Whirlpool became one of the first companies to commit approximately 30,000 sq. ft