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Texas A&M International University Texas Center for Border Economic and Enterprise Development QUARTERLY REPORT Spring 2010

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Page 1: Enterprise Development QUARTERLY REPORT to the public the …texascenter.tamiu.edu/PDF/ACT/2010-02-QR.pdf · 2010. 7. 23. · Baldomero G. Garcia, Jr., production editor; Jacque-line

Border Business Indicators

The Border Business Indicators (BBI), a Texas Center publication from 1990 to the present, has been in existence in a variety of formats since the 1980s. In its present configuration, the BBI covers twenty-two economic indicators for cities along the Rio Grande from Brownsville to El Paso, Texas.

On March 2003, the Border Business Indicators was reformatted to pro-vide a more concise and “fast read” of the economic indicators for those cities on the Texas-Mexico border. In this current iteration, U.S.-Mexico trade information was incorporated as part of the monthly offer-ings in the BBI. Along with the inclusion of trade data, the fifteen indicators in the BBI publication were synchronized to the searchable data sets available on the on the Texas Center web site: http://texascenter.tamiu.edu.

Vision Economic Outlook Report

The Texas Center’s ongoing work with business and community organizations may result in a variety of collaborative publications and materials. One such publication is the Vision Economic Outlook Report.

The Vision Economic Outlook Report is prepared in cooperation with the Laredo Chamber of Commerce and has been in publication since the 1990s. The publication is distributed at the Vision Conferences held annually. The Vision Report provides a view of the City of Laredo’s economic indica-tors, trade data and a timely point of the interest to the community. It is published once a year and is freely available at the Center’s web site: http://texascenter.tamiu.edu.

Texas Center Web Site

Since it first came on-line in 1998, the Texas Center’s web site has been available to the public and has provided economic and trade data. From 2001, the Center has added searchable data directly from our data sets. In addition, links to other resources were included to guide users to other sites with valuable data and information. Subsequently, specialty publications were added to the site providing insight into the region. As the new decade approaches, the Center staff is working on plans to offer new data searches, filters, and reports. If you have not visited our site recent-ly, do so as we start to upgrade our site http://texascenter.tamiu.edu.

Texas Center Quarterly Report

First published in the Summer of 2009, the Texas Center for Border Economic and Enterprise Development Quarterly Report provides current information regard-ing on-going projects, addtions or modifications to data sets and personnel changes.

Texas A&M International University

Texas Center for Border Economic andEnterprise Development

QUARTERLY REPORTSpring 2010

Border

Busine

ss Ind

icator

s

Texas

A&M

Inte

rnat

ional

Univ

ersi

ty

Texas

Cen

ter f

or Bord

er E

conom

ic a

nd Ente

rpris

e Dev

elopm

ent

Contin

ued o

n Bac

k Pag

e

http://

texa

scen

ter.t

amiu

.edu

Lared

o, Tex

as

Vol. 32

No. 1

2•

Decem

ber 2

008

U.S.-M

exico

200

8 Tra

de Fig

ures

Show Incr

ease

Ove

r 200

7

From th

e ons

et, 2

008

grow

th in

U.S. e

xpor

ts to

Mex

ico h

ad

been

in th

e dou

ble-d

igits

and U

.S. im

ports

grow

th ha

d bee

n in t

he

uppe

r sin

gle-d

igits

(7-9

perce

nt). T

he pe

rcent

age g

rowth

of tra

de

figur

es ha

s bee

n bett

er in

2008

year-

to-d

ate ag

ainst

thos

e of t

he

same p

eriod

in 2

007.

U.S. e

xpor

ts to

Mex

ico—

up to

Octo

ber

2008

—main

taine

d a 13

.3 pe

rcent

avera

ge in

creas

e ove

r the s

ame

perio

d in 2

007.

Simila

rly, U

.S. im

ports

from

Mex

ico co

ntin

ued

posti

ng an

avera

ge of

7.4 p

ercen

t for

the s

ame p

eriod

.

In T

able

1, th

e to

tal d

ollar

valu

e of

all

mercha

ndise

trad

e

($31

5.6 b

illion

) was

up

9.4 p

ercen

t for

Octo

ber 2

008

YTD

again

st th

e sam

e peri

od in

2007

($28

8.6 bi

llion

). Alth

ough

, trad

e

betw

een t

he tr

adin

g part

ners

was up

, the U

.S. s

light

ly re

duce

d its

trade

defi

cit w

ith M

exico

. The

Octo

ber 2

007

YTD defi

cit w

as

$60.2

bill

ion.

U.S. i

mports

from

Mex

ico o

utpa

ced

expo

rts to

Mex

ico in

200

8 res

ultin

g in

a de

ficit

of $

56.8

billi

on. D

ue to

stron

ger e

xpor

ts fig

ures

, the

re was

5.6

perce

nt d

ecrea

se in

the

grow

th of

the d

eficit

in O

ctobe

r 200

8 YTD.

Of the

$31

5.6 b

illio

n do

llar v

alue o

f thi

s merc

hand

ise tr

ade

betw

een t

he tra

ding p

artne

rs in

2008

YTD, $

242.4

billi

on or

76.8

perce

nt w

as p

roce

ssed

at U

.S.-M

exico

bor

der p

orts

of e

ntry

.

Texas

bord

er po

rts of

entry

acco

unted

for $

184.9

billi

on or

76.3

perce

nt of

that

total

trad

e merc

hand

ise va

lue (

See Tab

le 2 a

nd 3)

.

On the

back

page

, Tab

les 5

and 6

delin

eate

the 2

7 por

ts of

entry

on th

e U.S

.-Mex

ico bo

rder,

and t

he do

llar v

alue o

f U.S

. exp

orts

to M

exico

, and

U.S

. impo

rts fr

om M

exico

pass

ing t

hrou

gh th

em

respe

ctive

ly. —

B. Gar

cia

Tab

le 1

U.S.-M

exic

o Trade

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

U.S. E

xpor

ts to

Mex

ico

114.

2

129.

4

13.3

U.S. I

mpo

rts fr

om M

exico

174.

4

186.

2

6.8

Total T

rade

288.

6

315.

6

9.4

Table

2

U.S.-M

exic

o Tra

de Pro

cess

ed b

y U.S

.-Mex

ico B

order

Ports

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

U.S. E

xpor

ts to

Mex

ico

95.8

105.

9

10.5

U.S. I

mpo

rts fr

om M

exico

136.

9

136.

5

-0.3

Total T

rade

232.

7

242.

4

4.2

Table

3

U.S.-M

exic

o Tra

de Pro

cess

ed b

y Tex

as B

order

Ports

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

Texas

Bor

der P

orts

177.

6

184.

9

4.1

Other

U.S

.-Mex

ico B

orde

r Por

ts

55.2

57.5

4.2

Total T

rade

232.

8

242.

4

4.1

Note:

Figure

s may

not m

atch

due t

o rou

nding

.

Table

4

Total U

.S.-M

exic

o Tra

de

Proce

ssed

by U

.S.-M

exic

o Bord

er P

orts

(In U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Port of E

ntry

Total

Total

Change

Browns

ville

11,1

60,7

67,5

08

11,0

43,0

57,2

67

-1.1

Del Rio

2,74

9,95

3,47

1

2,48

6,31

2,25

6

-9.6

Eagle

Pass

10,1

53,8

83,6

82

10,2

89,2

60,4

02

1.3

Lare

do

92,5

26,3

83,7

00

99,3

53,1

83,9

63

7.4

Hidalgo

18,4

51,8

67,2

75

19,0

61,5

85,4

59

3.3

Rio Gra

nde

256,

459,

216

384,

805,

868

50.0

Progr

eso

243,

215,

929

348,

307,

724

43.2

Roma

145,

995,

067

159,

073,

585

9.0

Edinbu

rg A

irpor

t

0

2,75

0

-

El Pas

o

41,4

94,9

90,2

42

41,2

53,3

95,7

69

-0.6

Presid

io

374,

065,

616

483,

490,

744

29.3

Faben

s

4,73

5,24

7

25,7

85,5

05

444.

5

Colum

bus

45,9

84,8

24

41,4

78,1

89

-9.8

Santa

Ter

esa

1,12

5,97

3,82

5

1,04

5,75

9,37

8

-7.1

Santa

Ter

esa A

irpor

t

0

0

-

Andra

de

1,19

0,40

2

1,89

1,95

7

58.9

Calexic

o

29,2

81,0

20

46,6

90,6

36

59.5

San Y

sidro

136,

804,

203

222,

947,

645

63.0

Tecat

e

1,03

6,81

4,23

0

973,

173,

711

-6.1

Otay M

esa S

tatio

n

25,2

80,7

97,8

96

27,1

87,8

70,2

28

7.5

Calexic

o-Eas

t

10,0

50,2

45,6

27

9,80

2,72

3,54

4

-2.5

Dougla

s

1,11

6,89

1,43

0

1,00

3,69

0,74

4

-10.

1

Luke

ville

9,98

3,27

3

8,66

7,03

0

-13.

2

Naco

113,

492,

349

36,8

99,6

51

-67.

5

Nogale

s

15,3

79,4

48,8

29

16,1

40,3

02,1

00

4.9

Sasab

e

570,

333

1,23

1,03

2

115.

8

San L

uis

868,

983,

561

960,

262,

686

10.5

Total T

rade

232,

758,

778,

755

242,

361,

849,

823

4.1

The Stat

e of L

aredo’s

Economy i

n 2008

By

Pablo

Camac

ho-G

utierr

ez, Ass

istan

t Profes

sor

of Eco

nomics

, Divisio

n of

Intern

ation

al

Bankin

g and

Fina

nce S

tudies

, A.R

. San

chez

Jr., S

choo

l of B

usine

ss, T

exas

A&M In

terna

tiona

l

Univers

ity

Vision 20

09

During

the p

ast tw

o cen

turies

, Lare

do h

as be

en at

the c

rossro

ads o

f U.S.-M

exico

trade

and c

ommerc

e. As th

e city

of 22

2,482

inhab

itants

enter

s the n

ew m

illenn

ium, L

aredo

will co

ntinu

e to s

hape

the d

estiny

of th

e reg

ion. T

remen

dous

effort

s are

unde

rway

to

maintai

n a co

mpetiti

ve bu

siness

envir

onmen

t. In t

his re

gard,

exten

sive p

artici

patio

n by

the bu

siness

commun

ity w

ill ha

llmark

how w

ell w

e are

prepa

red to

addre

ss bo

th the

increa

se in

growth

and c

ommerc

e.

The Lare

do C

hambe

r of C

ommerc

e, ov

er 70

0 mem

bers

stron

g, ha

s a vi

sion a

nd go

al

to fos

ter th

e ong

oing b

etterm

ent o

f the c

ommun

ity an

d reg

ion as

well

as en

coura

ge an

d

promote

the m

ainten

ance

of a c

ompe

titive

busin

ess se

ctor. T

here

are th

ree pr

ime f

actors

that b

ode w

ell fo

r the

futur

e of L

aredo

: firs

t is th

e grow

ing ac

tive w

ork fo

rce, s

econd

the co

ntinu

ed di

versi

ficati

on of

all e

cono

mic sec

tors,

and t

hird,

a sign

ifican

t pub

lic-

priva

te inf

rastru

cture

initia

tive t

o enh

ance

all ar

eas of

the r

egion

’s tra

nsport

ation

corri

-

dors

and s

uppo

rt serv

ices.

The 20

09 V

ision

Con

feren

ce int

ends

to foc

us on

the d

ynam

ic co

mmercial

viab

ility o

f

the ci

ty an

d the

trad

itiona

l link

ages

with co

unter

parts

in M

exico

and t

he Sou

th Tex

as

region

. The

mem

bersh

ip of

the Lare

do C

hambe

r of C

ommerc

e loo

ks for

ward to

conti

n-

ued

region

al an

d tra

nsnati

onal

coop

eratio

n. Thu

s, thi

s pub

licati

on is

a sn

apsho

t of

Laredo

’s rec

ent g

rowth

and t

rade a

ctivit

ies.

Formulat

ing a Visi

on

The

Purp

ose o

f the V

ision 2

009 C

onfer

ence

and T

rade M

ission

Econom

ic O

utlook

Rep

ort

Chambe

r of C

ommerc

e

Lared

o, Tex

as Volu

me 11,

Issue

1

May 20

09

Importa

nt Fac

ts:

• The P

ort of L

aredo is

the

larges

t port

of entry

on the

U.S.-Mex

ico bord

er, an

d the

third la

rges

t inlan

d border

port of e

ntry beh

ind Detr

oit,

MI and B

uffalo, N

Y.

• The P

ort of L

aredo han

dles

over 4

0 % of U

.S.-Mex

ico

trade.

• Ove

r 10,0

00 tr

ucks c

ross

at

the Port

of Lare

do daily.

Inside T

his Iss

ue...

The Stat

e of L

aredo’s

Economy

in 2008

.......

........

........

........

...... 1

Intern

ation

al Cros

sings

Pedes

trian .

........

........

........

.... 2

Vehicl

e ......

........

........

........

..... 2

Truck ..

........

........

........

........

.... 3

Rail ...

........

........

........

........

..... 3

Intern

ation

al Air C

argo .

........

. 3

Bridge

Rev

enue

s ......

........

..... 4

Constr

uctio

n Sec

tor

Buildin

g Perm

its ...

........

........

. 5

Intern

ation

al Trad

e and

Commerc

e

Retail S

ales .

........

........

........

.. 5

Sales T

ax R

ebate

s ......

........

.. 5

Reces

sion an

d Peso

Deprec

iation: W

hat a M

ix for

Laredo! ..

........

........

........

........

... 6

Other In

dicato

rs ....

........

........

... 8

U.S.-Mex

ico Trad

e in 20

08 an

d

the Port

of Lare

do ........

........

... 10

Laredo

’s eco

nomy s

howed

sign

s of s

lowing

down i

n 200

6 and

2007

. In 2

008,

the

Laredo

econ

omy s

howed

sign

s of a

reces

sion.

Pedest

rian c

rossin

gs co

ntinu

ed in

2008

its in

creasi

ng pa

ttern

that s

tarted

in 20

05; n

oneth

eless,

retai

l sale

s drop

ped w

ith re

spect

to its

2007

leve

l, an

d sale

s tax

reba

tes re

mained

stag

nant

at its

2007

leve

l. Veh

icle

crossi

ngs c

ontin

ued i

ts de

creasi

ng pa

ttern

that s

tarted

in 19

99. T

ruck c

rossin

g rem

ained

stagn

ant fo

r a th

ird ye

ar in

a row

. Rail

cars

crossi

ngs a

nd ai

r carg

o inc

reased

the r

ate at

which h

ave b

een de

creasi

ng si

nce 2

006.

The va

lue of

build

ing pe

rmits

expe

rienc

ed a

sharp

decre

ase. T

he nu

mber o

f emplo

yed i

ndivi

duals

grew

in 20

08, b

ut so

did po

pula-

tion i

n Lare

do. T

he re

sult w

as an

incre

ase in

the u

nemplo

ymen

t rate.

The to

tal va

lue of

U.S.-Mex

ico tr

ade t

hat c

rossed

Lare

do in

2008

incre

ased w

ith re

spect

to 20

07; h

ow-

ever,

U.S.-M

exico

trade

decre

ased l

ast N

ovem

ber a

nd D

ecembe

r.

Despite

the e

cono

mic ha

rdship

that

Laredo

is fa

cing,

the av

erage

citiz

en in

Laredo

is

bette

r off

today

than

, say

, a de

cade a

go du

e to t

he ex

traord

inary

econo

mic gro

wth tha

t

the ci

ty ha

s enjo

yed i

n its

recen

t past

. Lare

do re

mains a

s a m

ajor p

layer

in int

ernati

onal

trade

, a to

p-thre

e inla

nd bo

rder p

ort in

the U

.S., and

hand

les 40

perce

nt of

U.S.-Mex

ico

trade

.

(Con

tinue

d on p

age 2

)

Texas Center for Border Economic and Enterprise Development Quarterly Reports are prepared by the Center’s staff for the purpose of communicating to the public the Center’s mission, activities and services available to the area.

Have any questions about the Center, feel free to contact us at:Texas A&M International University Voice: 956-326-2545Texas Center FAX: 956-326-25445201 University Boulevard E-mail: [email protected], TX 78041 Visit our web site: http://texascenter.tamiu.edu

Texa

s Cen

ter fo

r Bor

der E

cono

mic an

d Ent

erpr

ise D

evelo

pmen

t

©20

09Tex

asCen

terfo

r Border

Econom

ican

dEnter

prise Dev

elopm

ent

Texas

A&MIn

ternati

onalUniv

ersit

TCBEED/WHTC

221

5201

Univer

sity

Boulevar

Lared

o, TX. 7804

1-190

0 Telephone:

(956)

326-2

546

· Fax:

(956)

326-2

544

Thisis

best view

edin

1024

x768

reso

lutio

n.Com

men

ts/Su

ggestio

ns about th

isweb

site.

Visito

r 1318

94

http

://tex

asce

nter

.tamiu.

edu/

index

.asp [

6/3/

2009

3:38

:59 P

M]

Page 2: Enterprise Development QUARTERLY REPORT to the public the …texascenter.tamiu.edu/PDF/ACT/2010-02-QR.pdf · 2010. 7. 23. · Baldomero G. Garcia, Jr., production editor; Jacque-line

TCBEED Provides Economic Outlook at Vision 2010 Conference

On April 29 and 30, 2010, the Laredo Cham-ber of Commerce and the Texas Center for Border Economic and Enterprise Development (TCBEED) hosted the Visions 2010 Conference. This confer-ence series also marked its 22nd anniversary.

The plenary session and reception were held on April 29 at the Interna-tional Bank of Commerce Annex Building. F. Barry Lawrence, Ph.D., Director, Industrial Distribution Pro-gram and Director, Supply Chains Systems Laborato-ry, at Texas A&M Universi-ty, College Station, gave his presentation, “The Mexico-Border Trade Corridor.”

The second part of the conference held on April

30 at the Texas A&M Inter-national University cam-pus, gave all attending the opportunity to listen to ex-perts in the various fields. In the infrastructure panel, Albert Quintanilla, District Engineer, Laredo District, TxDOT, gave his presenta-tion on the impact of the U.S. stimulus package on Webb County’s infrastruc-ture. In addition Otto Ros-er, O&M Manager, Edison Mission Group-Cedro Hill, gave his presentation of the impact of wind energy and the Bruni project.

Next, the panel on economy covered local, re-gional and area issues. Dr. Pablo Camacho-Gutierrez, Assistant Professor of Eco-nomics at A.R. Sanchez, Jr., School of Business, TAMIU opened the panel with a 15 minute review of the Laredo economy. Fol-lowing Dr. Camacho was Roberto Coronado, Asso-

ciate Economist, Federal Reserve bank of Dallas, El Paso Branch. He covered the impact of the eco-nomic slowdown on the retail industry, and Luis Garcia—founding partner of Investra Consultores, Monterrey, Mexico—present-ed the Mexico perspective of the economic climate.

Guest speakers at the conference were the Hon-orable Henry Cuellar, U.S. House of Representative, District 23, and Mr. Rob-ert Rivard, Editor and Ex-ecutive Vice President, San Antonio Express News and author of Trail of Feathers.

The TCBEED has his-torically provided the Chamber and the Vision conferees with the eco-nomic outlook publication. This year was no differ-ent from past years. The TCBEED produced the Vi-sion 2010 Economic Outlook Report, a twelve-page pub-

lication with tabular and graphical data covering those indicators affecting the Laredo economy. As with the 2009 report, Dr. Pablo Camacho-Gutierrez provided the economic analyses for 2009 with an outlook to 2010. Other con-tributors to the publication were the TCBEED staff: Baldomero G. Garcia, Jr., production editor; Jacque-line Benavides, copy edi-tor; Leo Lozano database specialist, and Leiza No-chebuena, data researcher.

In addition to the eco-nomic forecast, Dr. Pablo Camacho-Gutierrez authored the main article in the Vi-sion 2010 report, “A Note on the Central American Hype.” It focused on the past and current merchan-dise trade between the U.S. and Central America par-ticularly through the Lare-do Port of Entry—a double-edged issue in Laredo.

Laredo Prospecting Peru for U.S.-Peruvian Trade Opportunities

I had the privilege to be a part of the second trade delegation rep-resenting the City of Laredo and TAMIU to Peru at the Annual Latin American (AMCHAM) Convention which took place in Lima from June 21st through June 25th where del-egations of over 26 countries partici-pated actively across the America’s region and even Europe and Asia.

This was our second visit to Peru to promote the Port of Laredo’s multimodal-logistical-infrastructure among high rank Peruvian govern-

ment officials, private sector organizations within the ex-port/import sector, and different meaningful chambers of commerce like the Chamber of Commerce of Lima (CCL), COMEX and ADEX which assist and mentor all type of ex-porters/importers of dry and perishable goods globally.

So without any equivocation, the Port of Laredo is now playing in the big leagues as an optimal alternative to re-place other traditional and perhaps more expensive U.S. ports of entry to address the huge NAFTA marketplace us-ing some strategic state-of-the-art Mexican Ports like Man-zanillo, Lazaro Cardenas, Veracruz, and Tampico which were developed and built when the NAFTA Agreement was signed back in 1994. So the “Laredo North American Strategic Corridor” or NASCO would allow any exporter/importer from the America’s region to substantially reduce its supply chain costs, substantially improve transit times and allow any type of products coming to the US making an entry practically by the Central Region of the United States giving to buyers and sellers to have more choices to deliver their goods to the Western and/or Eastern regions of the country either by truck, railroad or air transporta-tion means.

Peru has been the fastest growing market during the last ten years, where total exports have grown from 7.0 Billion USD in 2001 to over 30 Billion USD by the end of 2010 where North America accounts by over 40% of this

total numbers as average. Peruvian exports are supposed to grow by the end of 2012 to over 40 Billion USD. What a fantastic opportunity to promote the Port of Laredo across Central and Latin America to implement down here dis-tribution centers, for packing and re-packing goods while creating new employment opportunities for Laredo’s workforce community as these distribution centers have already been doing so in other ports of entry to the U.S. marketplace like Miami, Long Beach, New York, Houston, and Seattle to mention the most significant ones.

As a result of these two visits to Peru, the City of Lar-edo in partnership with TAMIU and the Laredo Develop-ment Foundation (LDF) is preparing a Business Round-table with government and private sector officials from Peru by October of this year. The event will take place at TAMIU’s campus.

At the same time, TAMIU is benefiting tremendously by engaging in different educational program opportuni-ties with selected universities from the region, and differ-ent chambers of commerce which would like to pursue Ex-ecutive Education Programs for their affiliated companies. Just in Lima, Peru, the Chamber of Commerce of Lima (CCL) has over 8,000 affiliated companies which would benefit from these types of agreements with TAMIU and its strategic international geographical location.

In the remaining year, upcoming trade delegations from the City of Laredo will be heading down to Colombia, Chile, Ecuador, Brazil, and Argentina to continue promot-ing the Port of Laredo which belongs to the 6th Largest Customs District of the U.S. and where over 11,000 trucks cross daily in both directions. Of course, all of us would expect to have meaningful business roundtables at TAMIU with other countries like Chile, Colombia, Brazil, Ecuador and Argentina this and next year. Just to mention, it is ex-pected that total exports from Chile and Colombia would reach a combined total of over 80 Billion USD by the end of 2011.

In closing, I believe strongly that all efforts deployed in promoting Laredo in Central America, Peru and the rest of Latin America have been long overdue because in my personal opinion, as I have stated before, Laredo is the untold story for international trade across the America’s region.

—Herbert A. Molina, Director of the Texas Center for Border Economic and Enterprise Development

The Texas Center for Border Economic and Enterprise Development workingalongside you today for a better tomorrow.

The Mission

To marshal the knowledge and expertise of Texas A&M International University’s faculty, students, and staff to provide effective leadership and support Laredo and the surrounding area in their economic development efforts

Herbert A. MolinaDirector of the TCBEED

Profile: Texas Center Data User

Bob Cook has served as presi-dent and CEO of the El Paso Re-gional Economic Development C o r p o ra t i o n (REDCo) since its inception in 2004. REDCo offers confi-dential, no-fee consul ta t ion to businesses and industries

interested in relocating or expand-ing their operations to the Greater El Paso region—an area that includes portions of Southern New Mexico and the state of Chihuahua, México.

Under Cook’s leadership, REDCo has strengthened the region’s econom-ic vitality in its first five years by gen-

erating 9,836 new jobs (6,178 direct and 3,658 indirect), $11.3 million in new state and local taxes, $1.3 billion in new labor income and $4.4 billion in total output.

According to Cook, research sup-plied by the Texas Center for Border Economic and Enterprise Develop-ment is a contributing component to REDCo’s achievements. “It’s not enough to have data,” Cook points out. “It must be accurate, current and practical. The research that the Tex-as Center for Border Economic and Enterprise Development provides em-powers our efforts to leverage where business is headed.”

As the fourth-largest manufacturing center in North America, the Greater El Paso region competes globally to attract expanding businesses in the al-ternative energy, automotive, biomed-ical and homeland/defense industries. Access to the most accurate data avail-able keeps it competitive.

The center’s studies on border eco-nomic issues—ranging from infra-structure needs and environmental issues to the impact of NAFTA on Tex-as-México trade relations and future business opportunities—resulted in valuable insights REDCo has utilized to direct its initiatives, keep its website current, produce the “Business Barom-eters” annual report, and present the challenges and opportunities of the region to its clients.

Cook is a graduate of Southern Methodist University with a bachelor’s degree in economics and a minor in business. He began his economic-devel-opment career as an economic ana-lyst with the Dallas Area Chamber of Commerce, and served five years as President/CEO of the Jackson, Ten-nessee Chamber of Commerce. Mr. Cook returned to El Paso in 2002 to be president/CEO of the Greater El Paso Chamber of Commerce prior to his position as president/CEO of REDCo.

Bob CookPresident and CEOEl Paso Regional

Economic Development Corporation (REDCo)

Page 3: Enterprise Development QUARTERLY REPORT to the public the …texascenter.tamiu.edu/PDF/ACT/2010-02-QR.pdf · 2010. 7. 23. · Baldomero G. Garcia, Jr., production editor; Jacque-line

TCBEED Provides Economic Outlook at Vision 2010 Conference

On April 29 and 30, 2010, the Laredo Cham-ber of Commerce and the Texas Center for Border Economic and Enterprise Development (TCBEED) hosted the Visions 2010 Conference. This confer-ence series also marked its 22nd anniversary.

The plenary session and reception were held on April 29 at the Interna-tional Bank of Commerce Annex Building. F. Barry Lawrence, Ph.D., Director, Industrial Distribution Pro-gram and Director, Supply Chains Systems Laborato-ry, at Texas A&M Universi-ty, College Station, gave his presentation, “The Mexico-Border Trade Corridor.”

The second part of the conference held on April

30 at the Texas A&M Inter-national University cam-pus, gave all attending the opportunity to listen to ex-perts in the various fields. In the infrastructure panel, Albert Quintanilla, District Engineer, Laredo District, TxDOT, gave his presenta-tion on the impact of the U.S. stimulus package on Webb County’s infrastruc-ture. In addition Otto Ros-er, O&M Manager, Edison Mission Group-Cedro Hill, gave his presentation of the impact of wind energy and the Bruni project.

Next, the panel on economy covered local, re-gional and area issues. Dr. Pablo Camacho-Gutierrez, Assistant Professor of Eco-nomics at A.R. Sanchez, Jr., School of Business, TAMIU opened the panel with a 15 minute review of the Laredo economy. Fol-lowing Dr. Camacho was Roberto Coronado, Asso-

ciate Economist, Federal Reserve bank of Dallas, El Paso Branch. He covered the impact of the eco-nomic slowdown on the retail industry, and Luis Garcia—founding partner of Investra Consultores, Monterrey, Mexico—present-ed the Mexico perspective of the economic climate.

Guest speakers at the conference were the Hon-orable Henry Cuellar, U.S. House of Representative, District 23, and Mr. Rob-ert Rivard, Editor and Ex-ecutive Vice President, San Antonio Express News and author of Trail of Feathers.

The TCBEED has his-torically provided the Chamber and the Vision conferees with the eco-nomic outlook publication. This year was no differ-ent from past years. The TCBEED produced the Vi-sion 2010 Economic Outlook Report, a twelve-page pub-

lication with tabular and graphical data covering those indicators affecting the Laredo economy. As with the 2009 report, Dr. Pablo Camacho-Gutierrez provided the economic analyses for 2009 with an outlook to 2010. Other con-tributors to the publication were the TCBEED staff: Baldomero G. Garcia, Jr., production editor; Jacque-line Benavides, copy edi-tor; Leo Lozano database specialist, and Leiza No-chebuena, data researcher.

In addition to the eco-nomic forecast, Dr. Pablo Camacho-Gutierrez authored the main article in the Vi-sion 2010 report, “A Note on the Central American Hype.” It focused on the past and current merchan-dise trade between the U.S. and Central America par-ticularly through the Lare-do Port of Entry—a double-edged issue in Laredo.

Laredo Prospecting Peru for U.S.-Peruvian Trade Opportunities

I had the privilege to be a part of the second trade delegation rep-resenting the City of Laredo and TAMIU to Peru at the Annual Latin American (AMCHAM) Convention which took place in Lima from June 21st through June 25th where del-egations of over 26 countries partici-pated actively across the America’s region and even Europe and Asia.

This was our second visit to Peru to promote the Port of Laredo’s multimodal-logistical-infrastructure among high rank Peruvian govern-

ment officials, private sector organizations within the ex-port/import sector, and different meaningful chambers of commerce like the Chamber of Commerce of Lima (CCL), COMEX and ADEX which assist and mentor all type of ex-porters/importers of dry and perishable goods globally.

So without any equivocation, the Port of Laredo is now playing in the big leagues as an optimal alternative to re-place other traditional and perhaps more expensive U.S. ports of entry to address the huge NAFTA marketplace us-ing some strategic state-of-the-art Mexican Ports like Man-zanillo, Lazaro Cardenas, Veracruz, and Tampico which were developed and built when the NAFTA Agreement was signed back in 1994. So the “Laredo North American Strategic Corridor” or NASCO would allow any exporter/importer from the America’s region to substantially reduce its supply chain costs, substantially improve transit times and allow any type of products coming to the US making an entry practically by the Central Region of the United States giving to buyers and sellers to have more choices to deliver their goods to the Western and/or Eastern regions of the country either by truck, railroad or air transporta-tion means.

Peru has been the fastest growing market during the last ten years, where total exports have grown from 7.0 Billion USD in 2001 to over 30 Billion USD by the end of 2010 where North America accounts by over 40% of this

total numbers as average. Peruvian exports are supposed to grow by the end of 2012 to over 40 Billion USD. What a fantastic opportunity to promote the Port of Laredo across Central and Latin America to implement down here dis-tribution centers, for packing and re-packing goods while creating new employment opportunities for Laredo’s workforce community as these distribution centers have already been doing so in other ports of entry to the U.S. marketplace like Miami, Long Beach, New York, Houston, and Seattle to mention the most significant ones.

As a result of these two visits to Peru, the City of Lar-edo in partnership with TAMIU and the Laredo Develop-ment Foundation (LDF) is preparing a Business Round-table with government and private sector officials from Peru by October of this year. The event will take place at TAMIU’s campus.

At the same time, TAMIU is benefiting tremendously by engaging in different educational program opportuni-ties with selected universities from the region, and differ-ent chambers of commerce which would like to pursue Ex-ecutive Education Programs for their affiliated companies. Just in Lima, Peru, the Chamber of Commerce of Lima (CCL) has over 8,000 affiliated companies which would benefit from these types of agreements with TAMIU and its strategic international geographical location.

In the remaining year, upcoming trade delegations from the City of Laredo will be heading down to Colombia, Chile, Ecuador, Brazil, and Argentina to continue promot-ing the Port of Laredo which belongs to the 6th Largest Customs District of the U.S. and where over 11,000 trucks cross daily in both directions. Of course, all of us would expect to have meaningful business roundtables at TAMIU with other countries like Chile, Colombia, Brazil, Ecuador and Argentina this and next year. Just to mention, it is ex-pected that total exports from Chile and Colombia would reach a combined total of over 80 Billion USD by the end of 2011.

In closing, I believe strongly that all efforts deployed in promoting Laredo in Central America, Peru and the rest of Latin America have been long overdue because in my personal opinion, as I have stated before, Laredo is the untold story for international trade across the America’s region.

—Herbert A. Molina, Director of the Texas Center for Border Economic and Enterprise Development

The Texas Center for Border Economic and Enterprise Development workingalongside you today for a better tomorrow.

The Mission

To marshal the knowledge and expertise of Texas A&M International University’s faculty, students, and staff to provide effective leadership and support Laredo and the surrounding area in their economic development efforts

Herbert A. MolinaDirector of the TCBEED

Profile: Texas Center Data User

Bob Cook has served as presi-dent and CEO of the El Paso Re-gional Economic Development C o r p o ra t i o n (REDCo) since its inception in 2004. REDCo offers confi-dential, no-fee consul ta t ion to businesses and industries

interested in relocating or expand-ing their operations to the Greater El Paso region—an area that includes portions of Southern New Mexico and the state of Chihuahua, México.

Under Cook’s leadership, REDCo has strengthened the region’s econom-ic vitality in its first five years by gen-

erating 9,836 new jobs (6,178 direct and 3,658 indirect), $11.3 million in new state and local taxes, $1.3 billion in new labor income and $4.4 billion in total output.

According to Cook, research sup-plied by the Texas Center for Border Economic and Enterprise Develop-ment is a contributing component to REDCo’s achievements. “It’s not enough to have data,” Cook points out. “It must be accurate, current and practical. The research that the Tex-as Center for Border Economic and Enterprise Development provides em-powers our efforts to leverage where business is headed.”

As the fourth-largest manufacturing center in North America, the Greater El Paso region competes globally to attract expanding businesses in the al-ternative energy, automotive, biomed-ical and homeland/defense industries. Access to the most accurate data avail-able keeps it competitive.

The center’s studies on border eco-nomic issues—ranging from infra-structure needs and environmental issues to the impact of NAFTA on Tex-as-México trade relations and future business opportunities—resulted in valuable insights REDCo has utilized to direct its initiatives, keep its website current, produce the “Business Barom-eters” annual report, and present the challenges and opportunities of the region to its clients.

Cook is a graduate of Southern Methodist University with a bachelor’s degree in economics and a minor in business. He began his economic-devel-opment career as an economic ana-lyst with the Dallas Area Chamber of Commerce, and served five years as President/CEO of the Jackson, Ten-nessee Chamber of Commerce. Mr. Cook returned to El Paso in 2002 to be president/CEO of the Greater El Paso Chamber of Commerce prior to his position as president/CEO of REDCo.

Bob CookPresident and CEOEl Paso Regional

Economic Development Corporation (REDCo)

Page 4: Enterprise Development QUARTERLY REPORT to the public the …texascenter.tamiu.edu/PDF/ACT/2010-02-QR.pdf · 2010. 7. 23. · Baldomero G. Garcia, Jr., production editor; Jacque-line

Border Business Indicators

The Border Business Indicators (BBI), a Texas Center publication from 1990 to the present, has been in existence in a variety of formats since the 1980s. In its present configuration, the BBI covers twenty-two economic indicators for cities along the Rio Grande from Brownsville to El Paso, Texas.

On March 2003, the Border Business Indicators was reformatted to pro-vide a more concise and “fast read” of the economic indicators for those cities on the Texas-Mexico border. In this current iteration, U.S.-Mexico trade information was incorporated as part of the monthly offer-ings in the BBI. Along with the inclusion of trade data, the fifteen indicators in the BBI publication were synchronized to the searchable data sets available on the on the Texas Center web site: http://texascenter.tamiu.edu.

Vision Economic Outlook Report

The Texas Center’s ongoing work with business and community organizations may result in a variety of collaborative publications and materials. One such publication is the Vision Economic Outlook Report.

The Vision Economic Outlook Report is prepared in cooperation with the Laredo Chamber of Commerce and has been in publication since the 1990s. The publication is distributed at the Vision Conferences held annually. The Vision Report provides a view of the City of Laredo’s economic indica-tors, trade data and a timely point of the interest to the community. It is published once a year and is freely available at the Center’s web site: http://texascenter.tamiu.edu.

Texas Center Web Site

Since it first came on-line in 1998, the Texas Center’s web site has been available to the public and has provided economic and trade data. From 2001, the Center has added searchable data directly from our data sets. In addition, links to other resources were included to guide users to other sites with valuable data and information. Subsequently, specialty publications were added to the site providing insight into the region. As the new decade approaches, the Center staff is working on plans to offer new data searches, filters, and reports. If you have not visited our site recent-ly, do so as we start to upgrade our site http://texascenter.tamiu.edu.

Texas Center Quarterly Report

First published in the Summer of 2009, the Texas Center for Border Economic and Enterprise Development Quarterly Report provides current information regard-ing on-going projects, addtions or modifications to data sets and personnel changes.

Texas A&M International University

Texas Center for Border Economic andEnterprise Development

QUARTERLY REPORTSpring 2010

Border

Busine

ss Ind

icator

s

Texas

A&M

Inte

rnat

ional

Univ

ersi

ty

Texas

Cen

ter f

or Bord

er E

conom

ic a

nd Ente

rpris

e Dev

elopm

ent

Contin

ued o

n Bac

k Pag

e

http://

texa

scen

ter.t

amiu

.edu

Lared

o, Tex

as

Vol. 32

No. 1

2•

Decem

ber 2

008

U.S.-M

exico

200

8 Tra

de Fig

ures

Show Incr

ease

Ove

r 200

7

From th

e ons

et, 2

008

grow

th in

U.S. e

xpor

ts to

Mex

ico h

ad

been

in th

e dou

ble-d

igits

and U

.S. im

ports

grow

th ha

d bee

n in t

he

uppe

r sin

gle-d

igits

(7-9

perce

nt). T

he pe

rcent

age g

rowth

of tra

de

figur

es ha

s bee

n bett

er in

2008

year-

to-d

ate ag

ainst

thos

e of t

he

same p

eriod

in 2

007.

U.S. e

xpor

ts to

Mex

ico—

up to

Octo

ber

2008

—main

taine

d a 13

.3 pe

rcent

avera

ge in

creas

e ove

r the s

ame

perio

d in 2

007.

Simila

rly, U

.S. im

ports

from

Mex

ico co

ntin

ued

posti

ng an

avera

ge of

7.4 p

ercen

t for

the s

ame p

eriod

.

In T

able

1, th

e to

tal d

ollar

valu

e of

all

mercha

ndise

trad

e

($31

5.6 b

illion

) was

up

9.4 p

ercen

t for

Octo

ber 2

008

YTD

again

st th

e sam

e peri

od in

2007

($28

8.6 bi

llion

). Alth

ough

, trad

e

betw

een t

he tr

adin

g part

ners

was up

, the U

.S. s

light

ly re

duce

d its

trade

defi

cit w

ith M

exico

. The

Octo

ber 2

007

YTD defi

cit w

as

$60.2

bill

ion.

U.S. i

mports

from

Mex

ico o

utpa

ced

expo

rts to

Mex

ico in

200

8 res

ultin

g in

a de

ficit

of $

56.8

billi

on. D

ue to

stron

ger e

xpor

ts fig

ures

, the

re was

5.6

perce

nt d

ecrea

se in

the

grow

th of

the d

eficit

in O

ctobe

r 200

8 YTD.

Of the

$31

5.6 b

illio

n do

llar v

alue o

f thi

s merc

hand

ise tr

ade

betw

een t

he tra

ding p

artne

rs in

2008

YTD, $

242.4

billi

on or

76.8

perce

nt w

as p

roce

ssed

at U

.S.-M

exico

bor

der p

orts

of e

ntry

.

Texas

bord

er po

rts of

entry

acco

unted

for $

184.9

billi

on or

76.3

perce

nt of

that

total

trad

e merc

hand

ise va

lue (

See Tab

le 2 a

nd 3)

.

On the

back

page

, Tab

les 5

and 6

delin

eate

the 2

7 por

ts of

entry

on th

e U.S

.-Mex

ico bo

rder,

and t

he do

llar v

alue o

f U.S

. exp

orts

to M

exico

, and

U.S

. impo

rts fr

om M

exico

pass

ing t

hrou

gh th

em

respe

ctive

ly. —

B. Gar

cia

Tab

le 1

U.S.-M

exic

o Trade

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

U.S. E

xpor

ts to

Mex

ico

114.

2

129.

4

13.3

U.S. I

mpo

rts fr

om M

exico

174.

4

186.

2

6.8

Total T

rade

288.

6

315.

6

9.4

Table

2

U.S.-M

exic

o Tra

de Pro

cess

ed b

y U.S

.-Mex

ico B

order

Ports

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

U.S. E

xpor

ts to

Mex

ico

95.8

105.

9

10.5

U.S. I

mpo

rts fr

om M

exico

136.

9

136.

5

-0.3

Total T

rade

232.

7

242.

4

4.2

Table

3

U.S.-M

exic

o Tra

de Pro

cess

ed b

y Tex

as B

order

Ports

(In B

illio

ns of U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Total

Total

Change

Texas

Bor

der P

orts

177.

6

184.

9

4.1

Other

U.S

.-Mex

ico B

orde

r Por

ts

55.2

57.5

4.2

Total T

rade

232.

8

242.

4

4.1

Note:

Figure

s may

not m

atch

due t

o rou

nding

.

Table

4

Total U

.S.-M

exic

o Tra

de

Proce

ssed

by U

.S.-M

exic

o Bord

er P

orts

(In U

.S. D

ollars

)

2007

2008

’07 v

s. ’0

8

Oct Y

TD

Oct Y

TD

Perce

nt

Port of E

ntry

Total

Total

Change

Browns

ville

11,1

60,7

67,5

08

11,0

43,0

57,2

67

-1.1

Del Rio

2,74

9,95

3,47

1

2,48

6,31

2,25

6

-9.6

Eagle

Pass

10,1

53,8

83,6

82

10,2

89,2

60,4

02

1.3

Lare

do

92,5

26,3

83,7

00

99,3

53,1

83,9

63

7.4

Hidalgo

18,4

51,8

67,2

75

19,0

61,5

85,4

59

3.3

Rio Gra

nde

256,

459,

216

384,

805,

868

50.0

Progr

eso

243,

215,

929

348,

307,

724

43.2

Roma

145,

995,

067

159,

073,

585

9.0

Edinbu

rg A

irpor

t

0

2,75

0

-

El Pas

o

41,4

94,9

90,2

42

41,2

53,3

95,7

69

-0.6

Presid

io

374,

065,

616

483,

490,

744

29.3

Faben

s

4,73

5,24

7

25,7

85,5

05

444.

5

Colum

bus

45,9

84,8

24

41,4

78,1

89

-9.8

Santa

Ter

esa

1,12

5,97

3,82

5

1,04

5,75

9,37

8

-7.1

Santa

Ter

esa A

irpor

t

0

0

-

Andra

de

1,19

0,40

2

1,89

1,95

7

58.9

Calexic

o

29,2

81,0

20

46,6

90,6

36

59.5

San Y

sidro

136,

804,

203

222,

947,

645

63.0

Tecat

e

1,03

6,81

4,23

0

973,

173,

711

-6.1

Otay M

esa S

tatio

n

25,2

80,7

97,8

96

27,1

87,8

70,2

28

7.5

Calexic

o-Eas

t

10,0

50,2

45,6

27

9,80

2,72

3,54

4

-2.5

Dougla

s

1,11

6,89

1,43

0

1,00

3,69

0,74

4

-10.

1

Luke

ville

9,98

3,27

3

8,66

7,03

0

-13.

2

Naco

113,

492,

349

36,8

99,6

51

-67.

5

Nogale

s

15,3

79,4

48,8

29

16,1

40,3

02,1

00

4.9

Sasab

e

570,

333

1,23

1,03

2

115.

8

San L

uis

868,

983,

561

960,

262,

686

10.5

Total T

rade

232,

758,

778,

755

242,

361,

849,

823

4.1

The Stat

e of L

aredo’s

Economy i

n 2008

By

Pablo

Camac

ho-G

utierr

ez, Ass

istan

t Profes

sor

of Eco

nomics

, Divisio

n of

Intern

ation

al

Bankin

g and

Fina

nce S

tudies

, A.R

. San

chez

Jr., S

choo

l of B

usine

ss, T

exas

A&M In

terna

tiona

l

Univers

ity

Vision 20

09

During

the p

ast tw

o cen

turies

, Lare

do h

as be

en at

the c

rossro

ads o

f U.S.-M

exico

trade

and c

ommerc

e. As th

e city

of 22

2,482

inhab

itants

enter

s the n

ew m

illenn

ium, L

aredo

will co

ntinu

e to s

hape

the d

estiny

of th

e reg

ion. T

remen

dous

effort

s are

unde

rway

to

maintai

n a co

mpetiti

ve bu

siness

envir

onmen

t. In t

his re

gard,

exten

sive p

artici

patio

n by

the bu

siness

commun

ity w

ill ha

llmark

how w

ell w

e are

prepa

red to

addre

ss bo

th the

increa

se in

growth

and c

ommerc

e.

The Lare

do C

hambe

r of C

ommerc

e, ov

er 70

0 mem

bers

stron

g, ha

s a vi

sion a

nd go

al

to fos

ter th

e ong

oing b

etterm

ent o

f the c

ommun

ity an

d reg

ion as

well

as en

coura

ge an

d

promote

the m

ainten

ance

of a c

ompe

titive

busin

ess se

ctor. T

here

are th

ree pr

ime f

actors

that b

ode w

ell fo

r the

futur

e of L

aredo

: firs

t is th

e grow

ing ac

tive w

ork fo

rce, s

econd

the co

ntinu

ed di

versi

ficati

on of

all e

cono

mic sec

tors,

and t

hird,

a sign

ifican

t pub

lic-

priva

te inf

rastru

cture

initia

tive t

o enh

ance

all ar

eas of

the r

egion

’s tra

nsport

ation

corri

-

dors

and s

uppo

rt serv

ices.

The 20

09 V

ision

Con

feren

ce int

ends

to foc

us on

the d

ynam

ic co

mmercial

viab

ility o

f

the ci

ty an

d the

trad

itiona

l link

ages

with co

unter

parts

in M

exico

and t

he Sou

th Tex

as

region

. The

mem

bersh

ip of

the Lare

do C

hambe

r of C

ommerc

e loo

ks for

ward to

conti

n-

ued

region

al an

d tra

nsnati

onal

coop

eratio

n. Thu

s, thi

s pub

licati

on is

a sn

apsho

t of

Laredo

’s rec

ent g

rowth

and t

rade a

ctivit

ies.

Formulat

ing a Visi

on

The

Purp

ose o

f the V

ision 2

009 C

onfer

ence

and T

rade M

ission

Econom

ic O

utlook

Rep

ort

Chambe

r of C

ommerc

e

Lared

o, Tex

as Volu

me 11,

Issue

1

May 20

09

Importa

nt Fac

ts:

• The P

ort of L

aredo is

the

larges

t port

of entry

on the

U.S.-Mex

ico bord

er, an

d the

third la

rges

t inlan

d border

port of e

ntry beh

ind Detr

oit,

MI and B

uffalo, N

Y.

• The P

ort of L

aredo han

dles

over 4

0 % of U

.S.-Mex

ico

trade.

• Ove

r 10,0

00 tr

ucks c

ross

at

the Port

of Lare

do daily.

Inside T

his Iss

ue...

The Stat

e of L

aredo’s

Economy

in 2008

.......

........

........

........

...... 1

Intern

ation

al Cros

sings

Pedes

trian .

........

........

........

.... 2

Vehicl

e ......

........

........

........

..... 2

Truck ..

........

........

........

........

.... 3

Rail ...

........

........

........

........

..... 3

Intern

ation

al Air C

argo .

........

. 3

Bridge

Rev

enue

s ......

........

..... 4

Constr

uctio

n Sec

tor

Buildin

g Perm

its ...

........

........

. 5

Intern

ation

al Trad

e and

Commerc

e

Retail S

ales .

........

........

........

.. 5

Sales T

ax R

ebate

s ......

........

.. 5

Reces

sion an

d Peso

Deprec

iation: W

hat a M

ix for

Laredo! ..

........

........

........

........

... 6

Other In

dicato

rs ....

........

........

... 8

U.S.-Mex

ico Trad

e in 20

08 an

d

the Port

of Lare

do ........

........

... 10

Laredo

’s eco

nomy s

howed

sign

s of s

lowing

down i

n 200

6 and

2007

. In 2

008,

the

Laredo

econ

omy s

howed

sign

s of a

reces

sion.

Pedest

rian c

rossin

gs co

ntinu

ed in

2008

its in

creasi

ng pa

ttern

that s

tarted

in 20

05; n

oneth

eless,

retai

l sale

s drop

ped w

ith re

spect

to its

2007

leve

l, an

d sale

s tax

reba

tes re

mained

stag

nant

at its

2007

leve

l. Veh

icle

crossi

ngs c

ontin

ued i

ts de

creasi

ng pa

ttern

that s

tarted

in 19

99. T

ruck c

rossin

g rem

ained

stagn

ant fo

r a th

ird ye

ar in

a row

. Rail

cars

crossi

ngs a

nd ai

r carg

o inc

reased

the r

ate at

which h

ave b

een de

creasi

ng si

nce 2

006.

The va

lue of

build

ing pe

rmits

expe

rienc

ed a

sharp

decre

ase. T

he nu

mber o

f emplo

yed i

ndivi

duals

grew

in 20

08, b

ut so

did po

pula-

tion i

n Lare

do. T

he re

sult w

as an

incre

ase in

the u

nemplo

ymen

t rate.

The to

tal va

lue of

U.S.-Mex

ico tr

ade t

hat c

rossed

Lare

do in

2008

incre

ased w

ith re

spect

to 20

07; h

ow-

ever,

U.S.-M

exico

trade

decre

ased l

ast N

ovem

ber a

nd D

ecembe

r.

Despite

the e

cono

mic ha

rdship

that

Laredo

is fa

cing,

the av

erage

citiz

en in

Laredo

is

bette

r off

today

than

, say

, a de

cade a

go du

e to t

he ex

traord

inary

econo

mic gro

wth tha

t

the ci

ty ha

s enjo

yed i

n its

recen

t past

. Lare

do re

mains a

s a m

ajor p

layer

in int

ernati

onal

trade

, a to

p-thre

e inla

nd bo

rder p

ort in

the U

.S., and

hand

les 40

perce

nt of

U.S.-Mex

ico

trade

.

(Con

tinue

d on p

age 2

)

Texas Center for Border Economic and Enterprise Development Quarterly Reports are prepared by the Center’s staff for the purpose of communicating to the public the Center’s mission, activities and services available to the area.

Have any questions about the Center, feel free to contact us at:Texas A&M International University Voice: 956-326-2545Texas Center FAX: 956-326-25445201 University Boulevard E-mail: [email protected], TX 78041 Visit our web site: http://texascenter.tamiu.edu

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elopm

ent

Texas

A&MIn

ternati

onalUniv

ersit

TCBEED/WHTC

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sity

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