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.

Child Care

Universal child care expected to boost New Mexico's economy and grow workforce

 

New Mexico's economy could see a boost after the governor announced universal child care. Chris Erickson, an NMSU economics professor, said according to census bureau data, child care is more than $13,000 a year. By saving parents that cost, it allows them to save or spend that money and could make the workforce bigger. "This is a boon to the economy because it is the larger the workforce, the more productive workers we have, the better our economy does," Erickson said.

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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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