Cadena: Nearshoring has passed Tamaulipas by 

BROWNSVILLE, Texas – Tamaulipas has been bypassed by companies looking for nearshoring opportunities, said Maricarmen Cadena, a real estate broker for CRE in Matamoros, during a recent panel discussion.

The discussion was hosted by Origo Works as part of RGV StartUp Week and held at the eBridge Center for Business & Commercialization in downtown Brownsville.

“I have always been a person that thinks that if things are going well in Matamoros, things will go well in Brownsville and vice versa with Reynosa and McAllen,” Cadena said.

Cadena said that with regard to nearshoring, Tamaulipas has been bypassed by companies that were looking for nearshoring opportunities in 2021-2022. She said 50 percent of these firms favored Nuevo Leon while the rest located in Coahuila, San Luis Potosi, Guanajuato, or Queretaro. This was largely as a result of automotive manufacturing zones in these areas, she said.

Maricarmen Cadena

Nearshoring is a way to lower your supply chain costs, according to Cadena, pointing out that the companies that were seeking these opportunities were mainly based in Asia. Cadena said these companies have a peculiar way of working, which is they seek to set up shop where there are established Asian companies. Unfortunately, there are no Asian firms in Tamaulipas, she explained.

“We have companies primarily from the United States,” she said. “We do have a few European companies and a few from Canada, but primarily from the U.S.”

Cadena said Tamaulipas has been preparing for nearshoring since the beginning.

“We prepared by educating the workforce,” she said.

Reynosa and Matamoros combined have over one million square feet of space available and are ready for any company that would like to establish a presence in along the border, Cadena said, along with any infrastructure that may be necessary.

“We are ready and waiting,” she added.

The panel discussion hosted by Origo Works was titled: “Nearshoring in the Valley: Industrial Development Trends in the RGV.” Ramiro Gonzalez, OrigoWorks’ director of development, moderated the panel discussion. The other panelists were were Ricardo Rubiano of Rubio Group Capital, Alex Garza, partner and managing broker for ICO Real Estate, and Ramiro Aleman, director of economic development for Cameron County.

“As more manufacturers move operations closer to the U.S., demand for warehouse and industrial space in Cameron County is rising fast. With easy access to trade routes and the border, the Valley offers a cost-effective, strategic location for logistics, distribution, and light manufacturing,” Gonzalez said.

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