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Economic Impact of the Santa Teresa Port of Entry and the Santa Teresa Industrial Parks, 2023


The Center for Border Economic Development (C-BED) and Arrowhead Center (Arrowhead) at New Mexico State University have prepared a study of the economic impact of the Santa Teresa Port of Entry and the Santa Teresa Industrial Parks. The purpose of this analysis is to estimate the economic impact arising from the border-related economic activity and international trade enabled by the Santa Teresa Port of Entry and by the Santa Teresa Industrial Parks. This study is an update to our previous study released in 2021 that measured the same economic impacts. 

The primary economic impacts of the Santa Teresa Port of Entry and the Santa Teresa Industrial Parks are employment by firms located in the Santa Teresa Industrial Parks, employment from new construction in the Santa Teresa Industrial Parks, and additional international trade facilitated arising from the logistical and strategic advantages of the Santa Teresa Port of Entry. 

The study was completed in January 2024.

 

 

Economic Impact and Contribution of New Mexico State University, 2022


The Center for Border Economic Development and Arrowhead Center at New Mexico State University (NMSU) have prepared a study of the economic impact and contribution of NMSU for fiscal year 2022. Two approaches were used in this study: (1) Economic Impact Analysis, and (2) Industry Contribution Analysis.

Our economic impact and contribution analysis for NMSU in FY 2022, completed in December 2023, yielded the following results: 
--NMSU had an economic impact in New Mexico of 3,671 direct jobs, 10,634 total jobs, $1.7 billion in economic output, $962 million in value-added production, $587 million in labor income.
--NMSU had an economic contribution in New Mexico of 11,463 jobs, 19,634 total jobs, $2.6 billion in economic output, $1.6 billion in value-added production, and $905 million in labor income. 
--NMSU awarded 4,777 degrees worth a total estimated value of $1.2 billion in discounted future earnings. 

The study was completed in October 2023.

 

Economic Impact of Spaceport America, 2022 


The Center for Border Economic Development and Arrowhead Center at New Mexico State University have prepared an analysis of the economic impact of Spaceport America’s operations and activities. The purpose of this analysis was to estimate the economic impact of Spaceport America’s operations, tenant operations, and associated visitor spending in New Mexico in 2022.

Results of the study show a total estimated economic impact of Spaceport America for New Mexico in 2022 of 811 total jobs generated, an economic output of $138.1 million, and an impact of taxes paid of $12.9 million—$9.2 million in federal taxes and $3.7 million taxes paid in New Mexico.

The report presents detailed estimates of Spaceport America’s economic impact and also separately shows the economic impact for Doña Ana County, Sierra County, and the rest of New Mexico. 

The study was finalized in August 2023.

 

Economic Impact of Defense Sector, New Mexico and Arizona 2021 

The purpose of this report is to detail an estimate of the economic impact of the defense sector in New Mexico and Arizona in Fiscal Year 2021, and the lifetime earnings impact of a defense civilian training program that prepares college students for work in the civilian defense sector with experiential learning programs and security clearances.

The defense civilian training program analysis estimates the change in potential lifetime earnings as a result of this program and the security clearances earned by program participants.

The study was finalized in April 2023.

Border Task Force Report

The Paso del Norte region is truly unique: a tri-state, binational area spanning over 13,000 square miles where borders are blurred by people with common needs and goals. Southern New Mexico, west Texas, and northern Chihuahua, Mexico, face similar challenges and opportunities and can work together to create a region with more and better jobs and a higher quality of life for its residents.

The purpose of this report, completed in July 2022, is to present strategic initiatives from the Paso del Norte region to form an aligned strategy for developing regional capacities and competitive advantages. The vision identified for this region is to unite the U.S. and Mexico to create a world-class hub for global trade that celebrates the people, culture, and environment of the border region through dignified and efficient border crossings, cutting-edge infrastructure, and shared spaces for binational collaboration.

Economic trends and political factors have aligned favorably for the region, leading many stakeholders to believe “the time is now” for the full realization of the region’s potential. The region has significant untapped possibilities for trade, travel, and economic development. Border infrastructure improvements are necessary to meet current needs and facilitate new growth.

Arrowhead Center and The Center for Border Economic Development collaborated in the development of this report completed in July 2022.

Economic Impact of the Las Cruces Innovation and Industrial Park, 2021-2030

The Center for Border Economic Development and Arrowhead Center have prepared a study of the expected economic impact of planned construction and development at the Las Cruces Innovation and Industrial Park.

The purpose of this analysis is to estimate the economic impact of the Las Cruces Innovation and Industrial Park with and without the proposed construction of High Mesa Road connecting the Industrial Park to Santa Teresa and its international port of entry.

C-BED and Arrowhead have used available data and construction and employment figures from the City of Las Cruces to estimate the economic impact of employment and new construction in the Las Cruces Innovation and Industrial Park. The results are stated for three scenarios: (1) Baseline, (2) Intermediate, and (3) Optimistic.

The study was finalized in May 2022.

Economic Impact of the Santa Teresa Port of Entry and the Santa Teresa Industrial Parks

The Center for Border Economic Development, in partnership with the Arrowhead Center at NMSU, collaborated with the Border Industrial Association to produce an economic impact study of the Santa Teresa port of entry and Santa Teresa border region industrial base.

The study was completed in the summer of 2021.