New Economic Development in Edinburg Results in Commitments of More Than 900 Jobs and Nearly $175 million in Capital Investment in First Year
|Pictured above: Economic Development Council made a $15,000 donation to the Edinburg Chamber for the annual Texas Cook'em.|
A New Day for Economic Development in Edinburg: New City of Edinburg-Economic Development Corporation Partnership Results in Commitments of More Than 900 Jobs & Nearly $175 million in Capital Investment in First Year
EDINBURG, TX – Last summer, the City of Edinburg and the Edinburg Economic Development Corporation (EEDC) entered into a new partnership agreement to streamline economic development efforts in the city and generate better outcomes for local businesses and residents.
According to figures released today by the City’s Economic Development Department, that partnership has produced significant results in its first year, including commitments by employers to create or retain more than 900 jobs and to add nearly 250,000 square feet and $175 million in capital investment to the city’s growing tax base over the next few years.
“Economic development is a team sport,” said Mayor Richard Molina. “It takes everybody—the City, the EDC, and the Chamber of Commerce—working effectively together to achieve a common goal, which is creating job opportunities for Edinburg residents and improving the quality of life in our community.”
Project highlights include commitments of:
- Doctors Hospital at Renaissance, LTD (DHR) – creating approximately 300 jobs, $110 million capital investment, and more than 200,000 sq. ft.
- Universal Health Systems, Inc./McAllen Hospitals, L.P. (Edinburg Regional Medical Center) –making approximately $57 million capital investment toward property improvements
- 1st Value Produce & Cold Storage – relocating approximately 50 employees from San Juan to the Edinburg North Industrial Park, $800,000 capital investment, and 10,000 sq. ft.
- Campos Bros. Produce – relocating approximately 15 employees from McAllen to the Edinburg North Industrial Park, $2.5 million capital investment, and 20,000 sq. ft.
- Siddons-Martin Emergency Group – relocating approximately 10 employees from Pharr to the Edinburg North Industrial Park, adding 10 jobs, $2 million capital investment, 12,000 sq. ft.
“Edinburg is the fastest growing city in the Rio Grande Valley and one of the fastest growing cities in the state of Texas,” said Hiren Govind, EEDC President, “and we intend to keep it that way.”
“We are impressed with the progress we made this year under the new City-EEDC partnership, and we look forward to more exciting announcements in the coming months,” Govind added.
For more information about economic development opportunities in the city of Edinburg, please contact Blanca Davila, Economic Development Director, at 956-388-8216.