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War in Ciudád Júarez has brought economic improvement in El Paso. The Júarez drug violence has pushed the city’s famous nightlife north across the border into El Paso. Retail activity has come along.
The insight came Friday, August 13, in Las Cruces at the 2010 Business Owners and Entrepreneurs Symposium. Sponsors were the Arrowhead Center at New Mexico State University, the Doña Ana Community College Small Business Development Center and the New Mexico Procurement and Technical Assistance Program. About 75 attended this year’s symposium, held at the Farm and Ranch Museum.
The symposium also offered an excellent introduction to the horrors of Obamacare.
For El Paso and Las Cruces, maquiladora employment offers another bright spot. Júarez had 164,613 maquila jobs at the end of 2009, reports Southwest Economy, a publication of the Federal Reserve Bank of Dallas.
Output from maquiladoras is beginning to grow rapidly, said Robert Gilmer, vice president in charge of the Dallas Fed’s El Paso branch. A 10 percent increase in maquiladora jobs turns into a 3 percent increase in El Paso employment. Maquiladora growth also increases El Paso employment in transportation, retail and services.
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