|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||1||$75,000|
Launched in September 2013, the High-Level Economic Dialogue (HLED) between the United States and Mexico has helped to highlight the depth and breadth of our economic partnership and to develop a vision to make North America the most competitive region in the world. By making it easier for goods and people to flow seamlessly between our two countries, HLED endeavors to create more and higher-quality jobs for our citizens and to enhance economic efficiencies and competitiveness on either side of the border. That expansion of U.S.-Mexico trade means more revenue flowing to American businesses; more jobs created for American workers; and more growth in the American economy.
In order to fully take advantage of these opportunities, border communities need to invest in new business development. The City of San Luis recently opened the doors of a business incubator that is focused on helping entrepreneurs develop their businesses and create badly needed jobs. Located in Yuma County near a newly constructed border crossing on the Mexican border, the incubator is in a prime spot for businesses to develop exportable products and technologies. Constructed with $1.6 million in EDA assistance, the incubator’s flexible business spaces are conveniently located in an industrial park with sufficient space for incubator graduates to locate once they have become established. Furthermore, the proximity to the Mexican border, the newly constructed port of entry, and the adjacent industrial park will create opportunities for products and technologies developed in the business incubator.