Texas Border Business
By Roberto Hugo González
The Rio Grande Valley recently hosted an event, “CEOs Unite, Let’s get Uncomfortable: Economic Data Team,” marking a significant step towards regional development. This event was a collaboration between Futuro RGV, the Hidalgo County Prosperity Task Force, South Texas College, and RGV Partnership, creating a platform for business leaders and stakeholders to engage in vital discussions about the region’s economic and educational future.
Mario Reyna, representing the Hidalgo County Prosperity Task Force, set the event in motion. His introduction praised the region’s progress over the last quarter-century and envisioned its continued growth. Reyna likened the development of the Rio Grande Valley to a rocket gaining momentum, a metaphor that resonated deeply with the audience, emphasizing the area’s untapped potential.
The event’s highlight was the insights shared by Jim Collins of Mayfair and Rioco Partners, Val LaMantia from L&F Distributors, and Joaquin Spamer, president of Commodities Integrated Logistics (CIL). Among these, Collins’ perspective was particularly noteworthy. Collins, having been a part of the Valley since 1980, spoke passionately about the unique blend of cultures and values that make the region an ideal place for family and business.
Collins emphasized the significant resource of the Valley – its people. He highlighted the region’s demographic advantages, such as a younger population and more children per household, which are key drivers for future growth. According to Collins, “The spirit of the people is great here,” a sentiment reflecting the region’s robust community leadership.
Collins also touched on the synergy between business and educational institutions, praising the local leadership for their selfless contributions and noting the importance of positive messaging about the region’s achievements. He stressed that, despite challenges like unemployment and per capita income, there are success stories like SpaceX that need to be highlighted more prominently.
A critical point Collins raised was the need for improved infrastructure, specifically in warehousing and near-shoring facilities. He believes that while the Valley lags in this aspect, there is potential for rapid development. Collins also shared insights on the retail industry’s success in the Valley, exemplified by the expansion of major retailers like Walmart, Target, Burlington, and Ross. He underscored the importance of understanding and catering to the local market, as demonstrated by the surprising success of Starbucks in the region.
Collins expressed his appreciation, stating, “I extend my congratulations for uniting us in this significant endeavor. A special thanks to Judge Cortez for your dedication and genuine concern for our county and the Valley. Your leadership as the cornerstone of the Hidalgo County Prosperity Task Force, Judge Richard F. Cortez, is invaluable.”
Collins praised local organizations like Catholic Charities and the Salvation Army for their community service, emphasizing their role in handling immigration and providing aid to those in need. He highlighted the importance of changing the public relations narrative about the Rio Grande Valley to highlight its positives more than its challenges.
In his closing remarks, Collins spoke about the significance of education in the Valley. He emphasized the transformative power of being the first in a family to attend college or trade school, a common scenario in the region. This, he believes, is a crucial advantage that needs to be leveraged through partnerships with educational systems and a focus on job placement and retention.
Collins’ insights at the “CEOs Unite: Economic Data Team” event reflect a deep commitment to the Rio Grande Valley’s future. His emphasis on community spirit, educational advancement, and strategic economic development provides a roadmap for the region’s continued growth and prosperity.
James W. Collins (Jim) has lived in McAllen, TX. since 1980. He currently serves as Chairman of Vantage Bank Texas. He is Chairman of Rioco Partners, LTD., a real estate investor-developer and private equity investment Company. He is associated with Mayfair Private Trust Company and their family investment office. Jim has been a director or member of several local and state charitable organizations and enjoys working with various college scholarship awards. He has been a member of the TBHF since 1995.
