Center for Border Economic Development


 

The Center for Border Economic Development (C-BED) is in a unique position to marshal resources from across New Mexico State University (NMSU) to promote business expansion and economic development in communities along the U.S.-Mexico border. An important collaborator in our efforts is Arrowhead Center. Our mission and that of Arrowhead complement each other and this has resulted in a productive partnership.
C-BED seeks to complement existing development efforts along the border by working closely with businesses, governments, NGOs, and other border stakeholders to identify impediments to economic development and to propose solutions to overcome those impediments. Many of the studies conducted since C-BED's founding in 2021 involve economic impact and infrastructure projects including a study for the Border Task Force on the Paso del Norte Region, and an economic impact study of the Santa Teresa Port of Entry and Santa Teresa industrial parks.

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Map Shows Only State Where Immigrant Population Is Falling

 

The U.S. Census Bureau defines "foreign-born" as "people who were not U.S. citizens at birth, including naturalized U.S. citizens, lawful permanent residents (immigrants), temporary migrants (such as foreign students), humanitarian migrants (such as refugees and asylees), and unauthorized migrants." Data from the U.S. Census Bureau shows that foreign-born residents make up 9.2 percent of New Mexico's population, which is below the national average of 13.7 percent.

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What Factors Are Driving Mexico’s Economic Growth?                                  

Mexico’s inflation rate declined to 4.45 percent in the first half of February, nearly a half percentage point lower as compared to January, Mexico’s National Institute for Statistics and Geography said Feb. 22. The country’s central bank kept its benchmark interest rate steady at 11.25 percent in February for the seventh straight meeting. Additionally, the central bank on Feb. 28 lowered its economic growth forecast for this year to 2.8 percent from its earlier estimate of 3 percent.                                                                                   

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