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FreightWaves recently chatted with Jon Barela, CEO of the Borderplex Alliance, about the port of El Paso s role in global trade and how the city can continue to capitalize on its location along the United States-Mexico border.
The Borderplex Alliance is an El Paso-based economic development nonprofit. In the past nine months,
Amazon Inc. (NASDAQ: AMZN),
T.J. Maxx Inc. (NYSE: TJX) and Critical Materials Corp. have announced plans for major distribution centers in the far West Texas city.
El Paso cross-border trade struggled during the pandemic, dropping to $29.2 billion during 2020, compared to $76.6 billion in 2019, according to the U.S. Department of Transportation.
Q&A with Jon Barela, CEO of El Paso-based Borderplex Alliance
0 5 minutes read Jon Barela, CEO of El Paso-based Borderplex Alliance, said he sees more nearshoring opportunities for cities along the U.S.-Mexico border in the near future. (Photo: CBP and Borderplex Alliance)
FreightWaves recently chatted with Jon Barela, CEO of the Borderplex Alliance, about the port of El Paso’s role in global trade and how the city can continue to capitalize on its location along the United States-Mexico border.
The Borderplex Alliance is an El Paso-based economic development nonprofit. In the past nine months, Amazon Inc. (NASDAQ: AMZN), T.J. Maxx Inc. (NYSE: TJX) and Critical Materials Corp. have announced plans for major distribution centers in the far West Texas city.
A Houston company’s failed, multimillion-dollar project to mine minerals and water from brine waste from El Paso Water’s desalination plant is being revived by a Florida company.
Critical Materials Corp., or CMC, of Jacksonville, Florida, in December paid between $5 million to $6 million to buy the never-opened brine treatment plant and its equipment located next to the Kay Bailey Hutchison Desalination Plant in East El Paso.
It’s evaluating what needs to be done, but hopes to have it running by the end of the year, said Steve McArthur, CEO of the 2-year-old company.
“Water treatment and minerals extraction are our specialty,” McArthur said. “We’ve operated many, many mineral extraction plants in the past” for large metals-mining companies, and that s one of the reasons the company should succeed in El Paso, he said.