DistantNews
Support us
Nuevo León strengthens economic alliance with Texas, seeking investments Image: Especial

Nuevo León strengthens economic alliance with Texas, seeking investments

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • Nuevo León's Governor Samuel García and the Nuevo León Council visited Austin, Texas, to strengthen economic ties and attract new investments.
  • The delegation met with business leaders and Texas officials to identify shared opportunities in sectors like technology, energy, and advanced manufacturing.
  • A key focus was the development of a new industrial hub in Gloria Colombia, near the border, offering tax incentives to attract companies.

Governor Samuel Alejandro García Sepúlveda and the Nuevo León Council have undertaken a working tour in Austin, Texas, aiming to bolster investment projects and enhance regional competitiveness. The delegation, including Mariana Rodríguez Cantú and economic officials, held meetings with business leaders and representatives from Texas state agencies.

The tour is part of the Binational Nuevo León-Texas Strategy, designed to pinpoint shared sectors, capabilities, and opportunities to build a long-term collaboration. Governor García emphasized the strong connection between Nuevo León and Texas, highlighting their mutual growth and economic success over the past two decades. He specifically mentioned the new Gloria Colombia highway, Texas Highway 255, and the customs facilities as crucial infrastructure for this partnership.

During discussions with Opportunity Austin, the Governor underscored the similarities between the two regions' ecosystems, particularly in technology, the presence of global companies, and skilled talent. The aim is to expand investment and innovation opportunities that benefit both entities. Meetings also took place with leaders from the Texas Business Leadership Council (TBLC), focusing on consolidating supply chains and border infrastructure related to trade, energy, and specialized talent.

Nuevo León, first place in everything and just as Texas is the fastest-growing state in the world, we are going to connect more and more.

— Samuel Alejandro García SepúlvedaHighlighting the strong economic ties and growth potential between Nuevo León and Texas.

A significant announcement from the tour involves the creation of a new industrial hub in Gloria Colombia, located at the customs area. This zone is envisioned as a tax-free paradise with substantial incentives to attract businesses. Governor García expressed confidence that Nuevo León is "first place in everything" and that its connection with Texas, "the fastest-growing state in the world," will continue to deepen.

The collaboration aims to strengthen value chains and foster economic integration, particularly in industrial and manufacturing sectors. This strategic alliance seeks to leverage the complementary strengths of both regions to drive future economic development.

During the last 20 years we have been the great winners in economic growth. Now with the new Gloria Colombia highway, Texas's 255 and the customs, today we are going to announce the new hub that will be there in Gloria Colombia, right at the customs, it is a tax haven, it is an industrial hub with the federal government where there are no taxes and yes, a lot of stimulus and support for companies to come.

— Samuel Alejandro García SepúlvedaAnnouncing the development of a new tax-free industrial hub near the border.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.