News

5,000 jobs have been lost in Matamoros

MATAMOROS – The labor conflict in Matamoros, Tamaulipas, which began in January this year, counts 5,000 layoffs "At least 5,000 workers have ended their employment relationship, and the rights of each have been respected," said María Estela...

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Sedeti will facilitate procedures for entrepreneurs to attract investment

TIJUANA – With the growing interest of Asian companies, especially from China to establish their operations in Tijuana and Baja California, the head of Secretaría de Desarrollo Económico de Tijuana (Sedeti), Bernabé Esquer, said they will...

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Asian investment in Tijuana will grow

TIJUANA – Chinese businessmen are investing in Tijuana and there is an expectation that this will gradually increase in the future, according to the president of the association Desarrollo Económico e Industrial de Tijuana (Deitac), Carlos...

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Canacintra concerned about lack of rules on border decree

CIUDAD JUAREZ – Cámara Nacional de la Industria de la Transformación (Canacintra), announced at a press conference its concerns due to the lack of operating rules for the border decree, as well as the authorization to expand the registration of...

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Manufacturing production increases in Nuevo Leon

MONTERREY – After a reduction since December 2018, Nuevo Leon's manufacturing production recovered in February; however, exports and new orders remained in a contraction phase According to Reporte de Expectativas Económicas de la Manufactura, de...

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Nearly US$35 billion spent in Texas by out-of-state tourists

TEXAS – Out-of-state tourists spent more than $34 billion in Texas in 2017 According to government tourism initiative Travel Texas The agency recently unveiled its travel data from 2017, which shows that leisure travel is a big industry in Texas,...

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New Mexico legalizing beer, wine deliveries

NEW MEXICO – A bill that would allow beer and wine to be delivered with food orders to homes and hotel rooms is awaiting final approval from Governor Michelle Lujan Grisham, 4 years after a similar proposal was vetoed by New Mexico’s former...

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Optics Valley group gets US$500,000 to promote industry in Tucson

PHOENIX – An effort to grow the “Optics Valley” brand in Tucson and across Arizona has received a huge boost with a half-million-dollar federal contract to promote the growth and formation of optics companies in the region Strategy1, a Tucson...

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North Texas partners buy Fort Worth industrial properties

TEXAS – Fort Worth-based Corinth Land and Dallas' Prattco Creekway Industrial just purchased three buildings at 6676, 6701 and 6715 Corporation Parkway The properties are fully leased and were acquired from Wilks Heritage Group LLC "Key markers...

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Paragon Commercial Group to invest US$500 million in California

CALIFORNIA – Paragon Commercial Group will invest US$500 million in retail properties across California within the next 18 months, officials announced Thursday The Los Angeles-based company is planning to deploy US$300 million in the acquisition...

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