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.

federal

Possible rate cuts could help New Mexico business

 

The high cost of living might have a silver lining for New Mexicans if the Federal Reserve Bank lowers its interest rate next month. In a speech last week, Fed chair Jerome Powell hinted that a reduction in the rate big banks will pay for overnight lending could be announced in September, and economists from the University of New Mexico and New Mexico State University said if that happens, it could be good news for this state and its residents.

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bank of mexico

Spaceport America loses some lift following Virgin Galactic pause

 

After Spaceport America’s biggest tenant, Virgin Galactic, ended commercial flights out of the launch facility near Truth or Consequences last year, the Spaceport reported slight hits to its economic output for 2024. The Spaceport added nearly $240 million to New Mexico’s economy last year, a decrease from $266 million in 2023, according to the facility’s most recent economic impact report compiled by the Arrowhead Center at New Mexico State University and released Tuesday

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