Business
Business news from McAllen and the Rio Grande Valley.
BusinessAt risk of closing, Snack Spot and owner make improvements
HARLINGEN, Texas (ValleyCentral) — To be a Food 4 Thought, ¡QUE RICO! Top Performer, a business must have a routine inspection report with zero health code violations. Like an inspector, the Food Patrol’s Derick Garcia and Jerry Salinas arrive without warning. This edition of Food 4 Thought spotlights plant-based restaurant Maria Cruz at 314 S. 16th
BusinessConsumer Reports: Save on large appliances, even when you need it now
When a major appliance fails, immediate replacement can be necessary, but there are ways to save money, according to Consumer Reports. Expert Paul Hope advises against rushing into purchases without research, as performance can vary significantly among brands and models. Consumer Reports evaluated 31 national retailers based on price, selection, and customer service, finding that local independent stores often provide better service than large chains. They may match prices and offer perks like in-house repairs. Shoppers are encouraged to check online inventories, compare prices, and negotiate, as those who did saved an average of $123 on purchases.
BusinessMcAllen Unveils $600K in Storefront Upgrade Grants
The City of McAllen has launched the REFRESH 50|50 Storefront Revitalization Grant Program, offering over $600,000 in matching grants to commercial property owners. The maximum grant amount has increased from $15,000 to $25,000 per project, aimed at enhancing storefronts to attract customers and improve commercial areas. Eligible improvements include painting, landscaping, signage, and ADA accessibility upgrades. Since its inception in 2019, the program has funded 129 projects, generating over $1.37 million in investments. City officials emphasize the importance of supporting local businesses as McAllen continues to thrive economically, with nearly $100 million in sales tax revenue projected for 2025.
BusinessTexas Leads With Most Fortune 500 Headquarters
Texas has been recognized as the state with the most Fortune 500 headquarters, boasting 57 companies according to the recently released 2026 Fortune 500 list. Governor Greg Abbott highlighted this achievement, emphasizing Texas's favorable business environment, stable regulations, and a skilled workforce as key factors attracting major corporations. The total revenue for these companies amounts to $2.8 trillion, reinforcing Texas's position as a leading hub for business investment. Abbott stated, "Texas is the undisputed headquarters of headquarters," reflecting the state's appeal to both people and businesses alike.
BusinessHow the AI Explosion is Powering a Multi-Trillion Dollar Economic Shift
The rapid growth of artificial intelligence (AI) is driving a significant economic transformation in the U.S., with billions invested in data center construction and Nvidia's market valuation exceeding $5 trillion. A recent survey shows that AI usage among businesses is between 17% and 20%, with larger firms leading at 37%. Industries like Information and Finance are adopting AI more than Retail, which lags at 14%. Most companies are using AI to enhance tasks in sales, marketing, and IT. While some layoffs have been attributed to AI, the overall job market is expected to grow as skills adapt to new technologies.
BusinessNew Book Explores Why Cultural Context Matters More Than Ever in the Age of AI and Global Business
On Saturday, June 6, 2026, Magdalena Aguinaga will launch her new book, The Cultural Awakening, at J’aime Les Livres in McAllen, Texas, from 5:00 PM to 7:00 PM. The book addresses the importance of cultural context in communication, especially as businesses increasingly rely on AI tools. Aguinaga, a cultural intelligence expert, argues that while AI can translate languages, it fails to convey cultural meanings and emotional nuances. The Cultural Awakening combines memoir and leadership insights, offering a framework called The Cultural Lens™ to help navigate multicultural environments effectively.
BusinessAmerican Airlines Launches Nonstop McAllen Phoenix Service
McAllen International Airport has announced a new daily nonstop service to Phoenix Sky Harbor International Airport, starting June 4, 2026. City Manager Isaac J. Tawil emphasized the significance of this route for McAllen and the Rio Grande Valley, enhancing access for business, education, and tourism. The airport generates over $1.2 billion in economic activity annually and supports more than 12,000 jobs. American Airlines' Dale Morris highlighted the airline's commitment to the community and the convenience this service brings, connecting McAllen to hundreds of destinations. The new route reflects ongoing investment in the region and aims to improve connectivity for travelers.
BusinessMcDonald's Joins the 2026 World Cup with Special Menu and Collectible Cups
McDonald's announced the launch of limited-edition products inspired by the FIFA World Cup 2026, aiming to join the global celebration of the tournament. Starting June 4 in the United States, customers can purchase the FIFA World Cup 2026 Meal, which includes options like a Big Mac or a 10-piece McNuggets, accompanied by a special version of their Big Mac sauce in golden packaging. Additionally, each meal will come with one of several collectible cups featuring international soccer figures, including Christian Pulisic, David Beckham, Ronaldinho, Thierry Henry, Son Heung-min, Lamine Yamal, Alphonso Davies, and Santiago Giménez, as well as the character Grimace. For children, the company also announced that starting June 9, themed Happy Meals will be available, including collectible plush toys from the Squishmallows line, some representing the official mascots of the 2026 World Cup in Canada, Mexico, and the United States. These special products will also feature digital codes that allow access to interactive online experiences. The company indicated that this initiative is part of its collaboration with FIFA to support the tournament, which will take place in North America, integrating experiences both inside and outside its restaurants. It also noted that users of its mobile app will have access to promotions, rewards, and content related to the championship. McDonald's emphasized that these products will be available for a limited time and at participating restaurants.
BusinessMexican Consulate, McAllen Airport and JetAxess Continue Talks on Potential Tampico Air Link
The Mexican Consulate in McAllen hosted a meeting at McAllen International Airport with JetAxess and Aviation Director Jeremy Santoscoy to discuss potential air service to Tampico, Tamaulipas. The goal is to enhance economic, tourism, and investment connections between the Rio Grande Valley and Tampico. While no specific details about routes or schedules were provided, the discussions are part of an ongoing effort to evaluate future connectivity options. JetAxess, a Mission-based aviation company, participated in the talks, which align with the airport's strategy to expand international service and strengthen ties with Mexico.
Business“Sugar Industry Is Not Coming Back” as Valley Loses 500 Jobs and $100 Million a Year in Revenue
Brian Jones, Texas Farm Bureau State Director for District 13, highlighted the severe impact of prolonged water shortages on agriculture in the Rio Grande Valley during the RGV Connect Water Forum. He noted the closure of the Rio Grande Valley Sugar Mill in February 2024, resulting in a permanent loss of 500 jobs and $100 million in annual revenue. Jones indicated that citrus production has significantly declined, with output dropping from 11 million to 5.6 million cartons from 2020 to 2025. Farmers are now shifting to lower-water crops like onions, cotton, and soybeans, as they adapt to changing water availability.
BusinessEight data centers threaten to transform this small Texas county. Local officials say they have no power to stop them.
Residents of Hood County, Texas, are rallying against the proposed development of eight data centers that could cover over 7,600 acres. Local couples Brian and Laura Crawford, along with others, express concern that these industrial structures will disrupt their rural community and strain local resources, including water and electricity. Despite their opposition, county officials say they lack the authority to halt the projects due to state laws. Previous attempts to impose a moratorium on new developments have failed, and developers continue to push forward, citing potential economic benefits while residents remain skeptical about the long-term impact on their community.
Business'Big win for the Valley': McAllen International Airport adds nonstop flights to Phoenix with American Airlines
HARLINGEN, Texas (ValleyCentral) — The McAllen International Airport has added nonstop daily flights to Phoenix. McAllen International Airport Director of Aviation Jeremy Santascoy said American Airlines has the majority market share of the airport, with seven daily departures to the Dallas-Fort Worth International Airport. "So this new connection, which is going to be a daily
BusinessSBA Approves Disaster Loan Assistance for Cameron County
On June 2, Governor Greg Abbott announced that the U.S. Small Business Administration (SBA) has approved disaster loan assistance for Cameron County following severe weather events, including a windstorm on May 9. This federal disaster declaration allows eligible residents, businesses, and nonprofits to apply for low-interest loans to cover damages from tornadoes and severe storms. A Disaster Loan Outreach Center will open at 705 N. Bowie Street in San Benito to assist applicants with the loan process. Residents are also encouraged to report storm-related damages to help local officials assess the situation and secure further assistance.
BusinessHome prices outpace Valley paychecks: Data shows
HARLINGEN, Texas (ValleyCentral) — After reporting Monday that home prices across the Rio Grande Valley have more than doubled since 2015, many of you asked us a very simple question on social media: Are paychecks keeping up? The data says, no. While household incomes across the Valley’s major metro areas have increased over the past
BusinessSouth Padre Island announces new universal electric vehicle superchargers
HARLINGEN, Texas (ValleyCentral) — The city of South Padre Island on Tuesday announced 16 new universal electric-vehicle superchargers will be installed at the Island Metro Multi-Modal Park and Ride facility. The purpose of the new superchargers is to expand access to electric vehicle charging for residents and visitors. It will allow users to recharge vehicles
BusinessValley food trucks prepare for new statewide permits
MCALLEN, Texas (ValleyCentral) — On July 1, House Bill 2844, known as the Food Truck Freedom Act, will go into effect across the state of Texas, creating a statewide permit for food truck vendors. Right now, individual cities and counties have their own permitting and inspection systems. Coffee Buzz, a school bus-turned-coffee cart based in
BusinessMcAllen International Airport Announces New Air Connection
McAllen International Airport will launch a new daily non-stop flight service to Phoenix, Arizona, operated by American Airlines, starting June 4. This new route aims to enhance travel options for both residents and visitors in the region. Airport officials emphasized that the connection will link passengers to a second American Airlines hub, reinforcing McAllen's strategic position as a gateway for South Texas. They believe this addition will improve travel, business, and tourism opportunities for the area.
BusinessThe latest at Starbase with LabPadre: June 1
STARBASE, Texas (ValleyCentral) -- In the wake of Blue Origin's New Glenn mishap, the ball is in SpaceX's court to deliver a human landing system for Artemis 3 in 2027. Construction of the next round of ships and boosters is well underway, with Booster 21's methane landing tank, transfer tubes, and 6th liquid oxygen tank
BusinessVantage Bank Leader Jeff Sinnott Claims No. 1 Spot on National Innovation List
Vantage Bank's President and CEO, Jeff Sinnott, has been named the top innovator in finance by American Banker for 2026. He is recognized among 50 industry leaders for his role in advancing banking innovation and positioning Vantage Bank as a leader in modern financial services. Sinnott emphasizes the importance of technology in delivering effective solutions for clients. Rafael G. Garza, Executive Vice Chairman, praised Sinnott's leadership and the bank's commitment to innovation. The awards will be presented at the DIGITAL BANKING event in Orlando, Florida, from June 15 to June 17, 2026.