The City of Harlingen, nestled near the U.S.-Mexico border in the Rio Grande Valley, has been enjoying steady growth over the years, as more and more businesses realize the benefits of doing businesses near Mexico. Maquiladoras and many tax benefits in South Texas make Harlingen, located at the Crossroads of the Rio Grande Valley, a city poised for an economic boom.
Harlingen and the State of Texas also have gained much recognition for treating its businesses right. Among the awards and recognition are:
Chief Executive Magazine Ranks Texas Best State For Business in 2016¹
For the 12th straight year, CEOs across America have agreed there is no place better for conducting business than Texas,” said Governor Greg Abbott. “Our winning formulas is simple – low taxes, reasonable regulations and investment in a quality workforce. As Governor, I will continue to promote policies that attract businesses looking to expand or relocate their operations, ultimately creating even more jobs and opportunity for Texans.”
Chief Executive asked 513 CEOs to rank states they are familiar with on the friendliness of their tax and regulatory regime, workforce quality and living environment.
Texas Wins Area Development’s Shovel Award for 11th Consecutive Year in 2016²
For the 11th year in a row, Texas was named one of the best states in economic development by Area Development, a leading publication focused on site selection and facility planning. The Lone Star State, along with two other states with populations over 12 million, Florida and Illinois, are recipients of Area Development’s 2016 Silver Shovel Award in recognition for achievements in winning new business investment in 2015 and job creation.
Harlingen #2 Least Expensive Urban Area in the United States in 2015³
Harlingen was recently named the #2 Least Expensive Urban Area in the United States by the Council for Community and Economic Research (C2ER). The Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and nonmetropolitan, equals 100, and each participant’s index is read as a percentage of the average for all places. In all categories, Harlingen was over 20% less expensive than the average cost of living expense for the rest of the participating communities.
Texas Wins Site Selection Magazine’s Governors Cup Award in 2016⁴
The 62-year-old Atlanta-based magazine has awarded the Governor’s Cup annually since 1988 to the U.S. state with the most amount of new and expanded corporate facilities as tracked by the Conway Projects Database. Site Selection, published by Conway Inc., is the senior publication in the corporate real estate and economic development fields and is the official publication of the Global FDI Association (www.globalfdia.org) and the Industrial Asset Management Council (IAMC, at www.iamc.org). Site Selection’s yearly analyses are regarded by corporate real estate analysts as “the industry scoreboard.” The magazine’s circulation base consists of 48,000 subscribers, most of whom are involved in corporate site selection decisions at the CEO/President/COO level.
Harlingen #1 in Lowest Cost of Living in the United States from 2010 to 2014⁵
2014 marked the 5th year in a row that Harlingen was selected by the Council for Economic Research (C2ER) as having the lowest cost of living among participating urban county communities across the country. Over 250 communities participate in this annual report. C2ER was formerly known as the ACCRA Cost of Living Index.
Business Facilities Magazine names Texas Top Ranted State for Business in 2015⁶
In the previous year, Texas led the nation for the 13th year in a row in exports (TX is the top-ranked state in our Exports Leaders category), shipping out $289 billion in goods. More than 50 Fortune 500 companies are headquartered in Texas; the state’s civilian workforce of 13 million is the second largest. Texas also has the third largest share of domestic travel revenue: $67.5 billion, generating an estimated 568,000 jobs.