Binational Innovation Conference Friday, September 26, 2014 8:30 am – 4:00 pm
By Roberto Hugo Gonzalez
South Texas Community College will be again the be host of the 2nd Annual INNO 2014 Binational Innovation a Cross-Border Economic Conference which is coordinated and organized by McAllen Economic Development Corp. (MEDC); Mission Economic Development Corp. (MEDC); The McAllen Chamber, Edinburg Economic Development Corp. (EEDC); The Instituto Internacional de Estudios Superiores and STC.
There is too much happening on both sides of the border; in Texas the Eagle Ford Oil and Gas Play are in full swing and the newly approved energy Mexico reforms will begin to create big foreign investment not seen for more than 70 years.
Mario Reyna, Dean, Division of Business & Technology for South Texas College (STC) told Texas Border Business, “INNO 2014 – Is a conference where our presenters discuss the innovations that have occurred or will occur in the near future that have a significant impact in our economy.”
According to Dean Reyna, this is the second conference to celebrate and the targeted audience is, “We are targeting our business community, entrepreneurs and educational institutions.” He said, “We want our public to see how policy changes in a different country, Mexico, impacts our region. Mexico’s energy reforms will have a significant impact in our area. Major corporations will use our area for planning and coordinating a lot of the drilling that will take place in Mexico.”
Keynote Address by Mr. M. Max Yzaguirre, President / CEO, Yzaguirre Group, Inc. he will discuss at length “Mexico’s Energy Reforms and the Impact to Our Economy”
This is a must conference to attend, especially for businessman leaders in South Texas. It is important for them to learn how new developments in Mexico will generate business activity on both sides of the border.
The INNO 2014 conference will take place on Friday, September 26, 2014 8:30 am – 4:00 pm at the South Texas College Technology Campus Atrium Building B 3700 located at W. Military Highway McAllen, TX 78503.
Dean Reyna is expecting about 300 people to attend to this event, He also provided Key Facts for this report that make stronger the importance of INNO 2014:
- Over $100 billion will be invested in the Eagle Ford Shale play area this year. (Texas Monthly Magazine)
- In 2012, there was a $61 billion economic impact in the 20 counties that represent the play area and it helped to sustain 116,000 jobs.
* By 2014, Texas is expected to surpass Kuwait, Venezuela, Iraq and Mexico in oil production.
* Alamo Colleges will train field engineers, operators and technicians as well as mechanics and equipment operators. (San Antonio Business News)
* 5 million gallons of water per well looks like a good solid average estimate. (The Energy Collective April 6, 2013)
* North America to drown in oil as Mexico ends monopoly (Financial Post)
* The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day. (Financial Post)
* A doubling in production as suggested by Citigroup analyst Ed Morse would put Mexican output at 5 million barrels a day, an unprecedented level for Pemex, the state oil company created during nationalization in 1938. (Financial Post)
* Mexico Passes Oil Bill Seen Luring $20 Billion a Year. (Bloomberg December 16, 2013)
Opening the oil industry to foreign drillers may unleash a wave of exploration equaling Iraq in recent years, Youngberg said. Mexico’s deep-water prospects in the Gulf of Mexico would be attractive to Exxon and Chevron, while shale tracts would probably lure EOG Resources Inc. (EOG) and ConocoPhillips, he said in a telephone interview on Dec. 9.
For more information visit: https://www.southtexascollege.edu/inno/
