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Why Invest in McAllen/Reynosa?
Location
The McAllen/Reynosa binational metro is strategically located in the center of North America's population center. In 2009, Southern Business & Development recognized this binational metro as a "tweener market," meaning companies can enjoy the benefits of operating between the United States and Mexico. This strategic location allows companies to enjoy the advantages of accessing two growing, educated labor forces, two tax systems and two governments. Companies know that in order to provide customized products in 24-48 hours while still meeting the market demands, operations must be close to customers, suppliers and an available workforce.
Efficient
Creating efficiencies in all facets of an operation is important to any company. A location in McAllen/Reynosa allows companies to reduce costs on labor, logistics, energy and the area enjoys one of the lowest cost-of-living.
Labor
Companies can utilze wage structures in McAllen and Reynosa to make their operation cost-competitive. The median age in McAllen and Reynosa is about 27, meaning the population is young and ready to work. Depending on the operation, South Texas College and the University of Texas-Pan American can provide specialized training for employees and/or interns.
Logistics
The strategic location of McAllen/Reynosa along the Third Coast allows companies here to utilize the Mexican Ports of Manzanillo, Lazaro Cardenas and Altamira to save time adn money. Shipments arriving at these ports are moved by truck or rail to a new dry port in Reynosa or distribution warehouses within the McAllen MSA. From here, containers and products are shipped throughout North America. This route can save the company 20-25 percent in transportation costs and an average of three days of shipping time.
Energy
McAllen is Green! Thanks to a mild, warm climate, companies can save money on energy costs - often resulting in thousands of dollars of savings. Depending on the operation and product, companies can reduce costs by eliminating air-conditioning and heat. The southeast prevailing wind cools down the industrial zone of McAllen by mid-afternoon.
Why Invest in McAllen/Reynosa? Here’s why…
- McAllen Foreign Trade Zone (1st non-seaport foreign trade zone in the US)
- Three (3) international bridges (Anzalduas Bridge - Operational in 2009)
- Two (2) major interstate highways (U.S. 83 and 281-Designated I-69 Corridor extending from Mexico City to Canada)
- Accessibility to sea ports along the Gulf of Mexico (Port of Harlingen, Port Mansfield, Port Isabel/San Benito and
Port of Brownsville
- Rail accessibility to Port of Brownsville
- Accessibility to Mexican sea ports (Lazaro Cardenas, Altamira, & Manzanillo)
- Bilingual Region
- Population of almost 2 million in the McAllen MSA-Reynosa binational region
- Development of WiFi Community
- Numerous entrepeneur owned companies to Fortune 500 companies
- 1st Workforce Innovation in Regional Economic Development (WIRED) Program
- South Texas College in McAllen is the first community college in Texas to have Precision Manufacturing Technology Program accredited by the National Institute of Metalworking Skills
- Development of Intermodal rail facility to service local industry
- 85 total combined universities and colleges in Reynosa and McAllen
- World-class industrials parks in McAllen and Reynosa
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