Tag Archives: McAllen EDC

Maquilas Remain Critical to Border Economy

Keith Patridge, president and chief executive officer of the McAllen Economic Development Corporation, discusses the maquiladora program and its continued growth along the U.S.-Mexico border. (VBR)

The U.S.-Mexico border region is a hotbed of global competition that began with the creation of the maquiladora program in 1964. In the past 40-plus years, the twin-plant concept has certainly pumped enormous amounts of money. It has also led to the creation of thousands of jobs benefiting both countries, and there is no sign it will slow down. Established by Mexico as the Border Industrialization Program, a maquiladora is…

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Economic Expert Gives Strong Projection for Valley

PlansCapital Bank officials with Dr. Ray Perryman, center, during an invitation-only event to discuss the Valley economy. (Courtesy)

Continuing drops in unemployment expected More than 100 leading members of McAllen’s business and civic community, including Mayor Jim Darling and McAllen Economic Development Corp. President and CEO Keith Patridge, were on hand in November to hear Dr. Ray Perryman address the state of the local economy. The invitation-only event covered trends in U.S.-Mexico trade and the possible effects of NAFTA to economic development patterns in the region to the…

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