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El Paso’s business community has seen enough. The last straw –
or the wakeup call — may have been in 2003 when Toyota chose San
Antonio as the site for its newest automotive assembly plant and
the economic boom that surely will accompany that development.
While El Paso never was a contender for the Toyota plant, the
selection of San Antonio was eye-opening, says Bill Allen, CEO
of ByrneAllen, a consulting group hired by the Greater El Paso
Chamber of Commerce to help raise $2.5 million for economic
development. “That was the icing on the cake,” Allen says.
San
Antonio’s win prompted local business leaders to wonder if El
Paso could ever compete at that level, Allen says. Other cities
in the Southwest United States – Albuquerque, Tucson, Phoenix,
for example – have seen their economic base expand and prosper
at a greater rate than El Paso. What is it they do that El Paso
doesn’t?
According to Allen, those cities have a coordinated, well-funded
plan for economic development. And now, maybe El Paso does too.
ˇVamos
El Paso! is an economic development plan that calls for raising
$2.5 million to fund a five-year business recruitment and
retention plan.
Background
According to the Greater El Paso Chamber of Commerce, the El
Paso region has undergone a dramatic transformation in the past
decade. In recent years, El Paso has seen the erosion and
virtual disappearance of the garment industry, which once
provided more than 25,000 jobs.
Despite this, the region has realized a net gain of 21,000 jobs
over the past seven years. Consumers, new service sector jobs
and maquila industries in Ciudad Juárez largely drove this job
growth.
The
current economic slowdown in the United States, along with
simultaneous changes in the maquiladora outlook and security
measures in the wake of Sept. 11, poses challenges for continued
growth and progress in the region. According to the chamber,
successful economic development will only occur to the extent
that the community provides the resources and attributes that
will meet the needs of existing and future businesses and
industries.
What does that mean in measurable terms? It means hosting a
minimum of 80 companies visiting El Paso and 50 visiting Juárez
every year. It means creating 20,000 new jobs in El Paso over
the next five years and...
...Continued
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