The Economic Impact of Project ARRIBA MAY 21 2021
Located at the western part of Texas, El Paso County is the largest metropolitan area along the US-Mexico border. As of 2019, the total population in El Paso is approximately 839,238 and is composed of about 83% Hispanics. According to Census data from 2019, the median age is 33 years in El Paso compared to the median age of 35 in Texas and 39 in the nation. About 70% of the population speaks a language other than English at home, this compares to 36% in Texas and 22% across the nation. As of June 2020, the region has a civilian labor force of approximately 357,100 with an unemployment rate of 9.5%. The percentage of population of whom poverty status is determined is about 19% compared to 14% and 12% in Texas and the rest of the nation, respectively. The average per capita income in El Paso County for 2019 was $21,940, only 62% of the national average. Of the population of 25 years and over only 26% have a high school diploma and only 16% have a bachelor’s degree. This compares to the national average of 27% and 20%. Consequently, El Paso County ranks low in both education attainment levels and average per capita income in comparison to other major metropolitan areas and the nation.
New Mexico County Community and Industry Profiles
New Mexico’s vast geography holds substantial economic value. Its trade routes, natural resources, and rural communities, for example, possess significant importance to regional and international commerce. At the same time, though, these distant geographies and their communities are often far from each other, challenging regional awareness and integration.
The recent mapping of the economic and community profiles of each of New Mexico’s counties, presented here, provides a practical and valuable tool to better understand not only the resources and value of each community in itself but also how it relates to the state as a whole. With such perspective and information, New Mexico, and the world can continue to benefit even further from its unique and indispensable communities.
New Mexico County Community and Industry Profiles
The Significance of International Trade and Investment to the State of Texas: A Data Resource
The present document serves as a resource to elucidate and map out the degree and manner of the significance that international trade and investment have for the State of Texas and its historic and continued economic growth.
It not only provides a clear current and historical view of the state and depth of Canada-Texas trade and foreign direct investment, but also insights into how these areas, and the Canadian economy, could be affected by the proposed USMCA.
Historical Overview of Export and Import Flows through the El Paso and Santa Teresa Ports of Entry
The Santa Teresa region, as part of the Paso del Norte region, is located next to significant east-west and north-south Interstate corridors, specifically I-10 and I-25. Commodity flows along these highways have been steadily growing and due to its position on the border and possessing a Port of Entry, the entity is in a perfect place to transport significant volumes of commodities across the U.S., as well as into Mexico by highway and rail networks.
The Santa Teresa, New Mexico Region
The Santa Teresa, New Mexico, region lies on a strategic transcontinental trade route between the Pacific Ports of Los Angeles and Long Beach and the Gulf ports of Houston and New Orleans. At the same time, it sits along the New Mexico-Chihuahua border, providing access into Central Mexico.
Over the last twenty-five years, as US-Asia and US-Mexico trade has grown, so has the Santa Teresa region. The current report provides, for the first time, a systematic analysis, with federal and state-level data, of how this trade has impacted local communities, and the benefits and challenges it presents to the State of New Mexico and the Paso del Norte region.
U.S.-China Maritime Trade Flows through Pacific Ports and the Paso del Norte Hinterland Corridors
The U.S.-China trading relationship is perhaps the world’s most important, and the Paso del Norte region, whose strategic, transcontinental trade routes pass through El Paso, Texas, and Albuquerque, New Mexico, plays a critical role in supporting this trade.
The following report, in an effort to enrich supply chains and add value to the maritime ports through which this trade flows, details the commodity types and value of the exports to and imports from China along the rail and interstate hinterland corridors through the Paso del Norte region. Such data and analysis are intended to facilitate strategic planning and resource allocation, not only between the U.S. and China but also the communities in the Paso del Norte region that support these vital trade flows.
This report has also been translated into Chinese in order to reach as broad an audience as possible in both countries.
Paso del Norte Local Government Comparative Indicators
With ever greater frequency, local communities and governments are coming into contact with all aspects of global trade, and every pressure and opportunity that it presents. The communities and local governments of the Paso del Norte region, seated at the juncture of strategic trade routes linking the Atlantic, Pacific, and Central Mexico, exemplify this dynamic, as they all converge in the same geographic point. They face the challenge and opportunities brought on by global trade directly and mutually.
A recent report by the Hunt Institute, the Paso del Norte Local Government Indicator Report, provides a common frame of reference for the region’s jurisdictions to learn more about each other’s demographic, economic, natural resource, public finance, and trade-related profiles in order to coordinate robust responses to common challenges and opportunities.
Comprehensive Aerospace and Mining Asset Maps
The geographic nature of the Paso del Norte region, oriented toward Houston and Los Angeles, Denver and Mexico City, naturally predisposes its cities and communities to add value to the supply chains and the competitiveness of these major markets.
The Hunt Institute’s Comprehensive GIS Sector Aerospace and Mining Asset Maps , part of a series of GIS Maps covering the renewable energy and the oil and gas sectors, have been recently been updated with revised data and improved functionality. Users can search for manufacturing facilities, research and development centers, and universities using keywords and find the travel time and most efficient routes between points, allowing them to discover the wealth of potential in the region and explore new supply chain possibilities.
Paso del Norte Energy Sector Review
Energy is not only a vital input for every community, but especially so for the Paso del Norte region, where the state and national markets of Texas, New Mexico, Chihuahua, and the United States and Mexico all converge. Here, in this region, recent decades of increasing foreign direct investment and manufacturing have also increased the demand for energy in Mexico, satisfied in large part by Texas. The Paso del Norte offers important energy corridors for renewable and hydrocarbon resources, from the Permian Basin westward toward California and Baja California, and Southward toward Chihuahua and Durango.
In order to understand the convergence of energy markets in the Paso del Norte region, The Hunt Institute for Global Competitiveness has published an Energy Sector Review that measures the presence of renewable and hydrocarbon resources in the region and provides a regulatory and quantitative market analysis of these resources. The Paso del Norte region, which channels energy to major markets, therefore offers innovative and valuable opportunities in regional and binational energy market integration.