overviews prepared by · • mcallen msa #3 among top mid-sized cities in the u.s. for jobs-...

Overviews Prepared by

1

“Notable Statistics”

2013

• McAllen had the 17th fastest growing employment in the nation during the recovery - Brookings,

2013

• McAllen is the second least expensive urban area in the Cost of Living Index - C2ER, 2013

• The McAllen region ranks 3rd nationwide (in percentage) to have more jobs than before the

recession: - U.S. Bureau of Labor Statistics, 2013

2012

• McAllen, TX ranked 3rd most affordable city in the nation to live in- Kiplinger, 2012

• McAllen MSA ranked #1 in the nation for long term job growth- U.S. Bureau of Labor Statistics,

2012

• McAllen MSA #3 Among Top Mid-Sized Cities in the U.S. for Jobs- Forbes, 2012

• McAllen MSA ranked #18 Best Performing City in the Nation - Forbes, 2012

• McAllen MSA ranked #7 Fastest Growing U.S. City - CNN Money, 2012

• Texas / Mexico corridor was named a Top Region to Watch in 2012 for automotive manufacturing

revival - Forbes, 2012

• McAllen MSA was ranked as the best housing market in the nation - Market Watch – The

Wall Street Journal, 2012

2PREPARED BY NAI RIO GRANDE VALLEY

PP

PP

P

PP

P

PP

AnzalduasProposed

Los Ebanos-Ferry

P

P

Rio Grande City

ProposedPort Bridge

RomaBridge Rio Grande City

Bridge

PharrBridge

ProgresoBridge

Los TomatesBridge (UC)

P

Columbia-DeloresBridge

Laredo #3(UC)

Laredo 1 & 2

PEagle Pass

Bridge

P

Del Rio

Bridge

P

PP

PPP

PPPPPP

Santa Fe Stanton-LerdoBridge

America's-CordobaBridge

Ysleta-ZaragosaBridge

´I-69

East

Los IndiosBridge

Gateway &B&M Bridge

HidalgoBridge

´I-69

Central

Texas Counties

0 to 100

101 to 250

251 to 350

351 to 400

401 to 800

801 to 1,500

1,501 to 2,000

2,001 to 2,300

Mexico Cities

0 to 100

101 to 250

251 to 350

351 to 400

401 to 800

801 to 1,500

1,501 to 2,000

2,001 to 111,293

Pop. Density per Square Mile

1997 Est. Mexico/2001 Proj. US

Source: Claritas & Michael J. Blum Company

Population56,612,540

Population10,609,246

Depicted are two rectangles 200

miles wide by 500 mile long.

The upper rectangle a population of

10.6 Million++

The lower rectangle that extends

into Mexico and includes the border

region encompasses a population of

56.6 million++

Source: US Census & NAI Rio Grande Valley

Density per

Square Mile


Trade Area Map


Hidalgo and Cameron Counties had a combined population of 1,266,000

which makes it larger population than Rhode Island, Montana, Delaware,

South Dakota, Alaska, North Dakota, Vermont, District of Colombia and

Wyoming.

RIO

GRANDE

VALLEY

Demographic Surprise


Population Forecasts

774,769 953,000

1,458,000

1,832,000

406,220 539,100

640,300 729,700

1,266,101

1,492,100

2,098,300

2,561,700

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2010 2020 2030 2040

Hidalgo Cameron Total2010 Census, Texas Data Center Projections


PREPARED BY NAI RIO GRANDE VALLEY

Population % of Total

McAllen 129,877 16.8%

Edinburg 77,100 10.0%

Mission 77,058 9.9%

Pharr 70,400 9.1%

MSA 774,769 100.0%

McAllen MSA Population 2010


Future Texas WorkforceSurplus Workforce vs. Deficit of workers

The View From Texas(The Effect of Baby Boomers leaving the workforce)


0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2000 2005 2010 2015 2020 2025 2030 2035 2040

550,000 630,000

730,000 810,000

910,000

1,000,000

1,130,000

1,250,000

1,360,000

Future McAllen Workforce

Rio South Texas Working Age Population

(Ages 18-64 US Only)


29 Years of Retail Sales History Brownsville &

McAllen ($Billions)

12

$0.78

$1.94

$3.70 $3.60

$3.30 $3.20

$3.46 $3.53

$0.54

$1.08

$1.86 $1.95

$1.74 $1.80

$2.12 $2.25

$1.31

$3.02

$5.56 $5.55

$5.04 $5.00

$5.58 $5.78

$-

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

Devaluation

1984

Devaluation

1994

2007 2008 Recession 2009 2010 2,012 2013Bil

lion

s of

doll

ars

McAllen Brownsville Combined

13

$- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 $70.00

McAllen

Edinburg

Mission

Pharr

Weslaco

Mercedes

San Juan

Donna

Harlingen

Brownsville

San Benito

$58.86

$14.22

$13.06

$11.42

$8.98

$5.73

$2.55

$1.57

$19.68

$33.69

$3.99

$60.65

$16.91

$14.40

$13.16

$11.26

$7.43

$3.07

$1.96

$21.08

$33.78

$3.85

Million $$

Sales Tax Collection 2008 vs. 2013

2013 2008PREPARED BY NAI RIO GRANDE VALLEY

14

McAllen ranks #2 among these cities in Per capita Retail Sales

RANK City Gross Sales Total Population Households Per Capita Sales HH Sales Avg HH Income

ACTUAL RETAIL

SALES ABOVE HH

INCOME

1 Houston $ 72,259,404,380 2,238,797 835,664 $32,276.00 $86,469.45 $67,536 $18,933.45

2 McAllen $ 3,566,361,554 135,689 43,830 $26,283.35 $81,368.05 $57,055 $24,313.05

3 San Antonio $ 28,973,699,397 1,400,026 509,251 $20,695.12 $56,894.73 $60,185 ($3,290.27)

4 Austin $ 17,267,160,650 874,227 361,063 $19,751.35 $47,823.12 $72,437 ($24,613.88)

5 Dallas $ 21,916,157,238 1,269,197 486,820 $17,267.73 $45,019.02 $64,693 ($19,673.98)

6 El Paso $ 8,717,390,875 676,568 229,591 $12,884.72 $37,969.22 $59,859 ($21,889.78)

Texas $ 436,592,607,432 26,668,922 9,468,956 $16,370.84 $46,107.79 $70,565 ($24,457.21)

McAllen ranks #2 among these cities in ACTUAL retail sales per household.

RANK City Gross Sales Total Population Households Per Capita Sales HH Sales Avg HH Income

ACTUAL RETAIL

SALES ABOVE HH

INCOME

2 Houston $72,259,404,380 2,238,797 835,664 $32,276.00 $86,469.45 $67,536 $18,933.45

1 McAllen $3,566,361,554 135,689 43,830 $26,283.35 $81,368.05 $57,055 $24,313.05

3 San Antonio $28,973,699,397 1,400,026 509,251 $20,695.12 $56,894.73 $60,185 ($3,290.27)

6 Austin $17,267,160,650 874,227 361,063 $19,751.35 $47,823.12 $72,437 ($24,613.88)

4 Dallas $21,916,157,238 1,269,197 486,820 $17,267.73 $45,019.02 $64,693 ($19,673.98)

5 El Paso $8,717,390,875 676,568 229,591 $12,884.72 $37,969.22 $59,859 ($21,889.78)

Texas $436,592,607,432 26,668,922 9,468,956 $16,370.84 $46,107.79 $70,565 ($24,457.21)


Hidalgo County Building Permits

2008-2012

15

2008 2009 2010 2011 2012

Single Family 2,923 2,691 2,915 2,759 2,658

Two Family 74 44 76 52 288

Three and Four

Family 279 129 76 106 117

Five or More

Family 133 178 297 20 254

Total 3,409 3,042 3,364 2,937 3,317

Source: US Census Data


-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

MSA LABOR FORCE MSA EMPLOYED

261,157 240,611

324,356

286,311

2005 2012

Growth in McAllen MSA Labor Force &

Employment Between 2005 & 2012


The Rio Grande Valley IS a powerful economic engine.

The Valley labor force grew from 314,000 to 462,000 between 1995 and2010 and the unemployment rate decreased from 18.4% to 11.6%.

There are 165 Ports of Entry in the US. Since NAFTA was adopted in1994, most of the ports have enjoyed substantial growth in bi-nationaltrade between NAFTA partners.

Value you will see that in 2013 the RGV Ports of Entry handled over$38.2 billion in cross border trade placing it 6th nationally. HidalgoPOE’s handled $26.3 billion (7th ) and Brownsville POE’s $11.99 Billion.

INDICATORS OF ECONOMIC ACTIVITY


Top 6 NAFTA POE’s Cargo Truck

Billion $$ Trade Values

18

Laredo - Texas Detroit -

Michigan

Buffalo-

Niagara Falls -

New York

El Paso - Texas Port Huron -

Michigan

RIO GRANDE

VALLEY

PORTS

$130.56

$105.86

$62.20 $55.19

$47.37

$38.2


Inter Oceanic Highway Corridor• The importing of Mexican produce for

processing in the US is expected to

increase materially over the next decade as

the opening of a new transportation

corridor between Mazatlan – Durango-

Monterrey-Reynosa. The new Inter-

Oceanic Highway will shorten time by 6-

12 hours.

• A “tsunami” of agricultural products is

anticipated as a result of the opening of

this highway. Much of the Agricultural

exports to the US from Mexico now cross

at Nogales. It is expected that more than

50% of that trade will cross at the Pharr

bridge in the coming years.

• The highway will pass under and over the

Sierra Madre Occidental through 63 new

tunnels and 11 new bridges.19PREPARED BY NAI RIO GRANDE VALLEY

PREPARED BY NAI RIO GRANDE VALLEY 20

The Third Coast• The McAllen/Reynosa Binational metro is

strategically located in the center of North

America's population center. In 2009, Southern

Business & Development recognized this

Binational metro as a "tweener market," meaning

companies can enjoy the benefits of operating

between the United States and Mexico.

• This strategic location allows companies to

enjoy the advantages of accessing two growing,

educated labor forces, two tax systems and two

governments. Companies know that in order to

provide customized products in 24-48 hours

while still meeting the market demands,

operations must be close to customers, suppliers

and an available workforce.

• The port at Mazatlan, now closer because of the

opening of Inter-oceanic Highway From

Mazatlan To Pharr/Reynosa is a key element

of the infrastructure that can make the RGV, and

McAllen Reynosa in particularly, a great

alternative to West coast ports of entry.

21

Michael J. Blum

1400 N. McColl, Suite 104-B

McAllen, TX 78501

956 994 8900

956-451-5596

mikeb

www.nairgv.com

overviews prepared by · • mcallen msa #3 among top mid-sized cities in the u.s. for jobs-...

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