Tuesday, March 29, 2016

Santa Teresa:  Bright Spot in a Bleak NM Economy

El Paso Inc.:  (click for complete story)
  •  Trade totaling $22.8 billion moved through the Santa Teresa Port of Entry last year – 4.3 percent of all trade between the United States and Mexico, according to the El Paso Branch of the Federal Reserve Bank of Dallas.
  •  El Paso businesspeople, including oil billionaire Paul Foster, are buying swaths of empty desert west of El Paso where they are investing tens of millions of dollars.“There hasn’t been as much land sold in Santa Teresa in the last 10 years as there has in the last 18 months,” said Anthony Mash, a first vice president with CBRE, a global real estate firm.

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