MOU to Spur Regional Economic Development
In order to collaborate on international trade opportunities with Mexico and other development projects, the Brownsville Navigation District Board of Commissioners and Mission Economic Development Corporation have entered into a Memorandum of Understanding. Both entities will now work to connect and grow business between the Mission Business Park and the Port of Brownsville.
“The Port of Brownsville is one of the largest economic engines in the Rio Grande Valley,” said John Wood, BND chairman. “As a link to the global marketplace, the port is well-positioned to assist in regional economic development. This agreement with Mission EDC further enhances our pledge to assist where we can to affect positive change for the Valley and its residents.”
A 2015 economic impact study by Martin Associates, revealed activity at the port has an economic impact of
$3 billion to the state and more than $2 billion regionally.
“Mission, the Port of Brownsville and the RGV make up one of the most dynamic international trade corridors in Texas and the country,” said Alex Meade, Mission EDC CEO. “Forming strategic partnerships to create business opportunities and jobs has always been a priority for the Mission EDC.”