Business
Business news from McAllen and the Rio Grande Valley.
BusinessCrews make final preps to turn on CBS4/NBC23 new high-power antenna
HARLINGEN, Texas (ValleyCentral) — A new wave of television is coming to the Rio Grande Valley. Starting Friday, we will be the only local broadcaster with an over-the-air signal reaching all four counties across the 956. Our enhanced broadcast will reach from South Padre Island all the way to Roma, encompassing all of Hidalgo County.
BusinessTxDOT Hosting Event for Small Businesses, July 20th
The TxDOT Pharr District is organizing an event on July 20 aimed at small businesses seeking state highway construction contracts. This event, titled BOSS (Big Opportunities Start Small), will allow participants to network with TxDOT engineers, prime contractors, and other small business representatives. The event will be conducted in English, but interpreters will be available upon request. Small businesses interested in attending can register by contacting the TxDOT Civil Rights Division at 210-615-5954 or via email. Accommodations for individuals with disabilities can also be arranged if requested by July 13, 2026.
BusinessDSHS Opens Applications for Statewide Food Truck Licenses
The Texas Department of State Health Services (DSHS) has launched applications for a new statewide license for mobile food vendors, including food trucks and pushcarts. This initiative follows the passage of HB 2844, which allows vendors to operate under a single license throughout Texas, eliminating the need for multiple local licenses. Starting July 1, all mobile food vendors must possess a DSHS license. Current vendors can continue operating if they have submitted a complete application. Inspections will be prioritized for new vendors without existing licenses. More details are available in the DSHS Mobile Food Vendor Guide.
Business$411M Texas Energy Fund Loan North Texas Natural Gas Power Plant Announced
Governor Greg Abbott has announced a $411 million loan agreement from the Texas Energy Fund for a new 570 megawatt natural gas power plant to be constructed by Rayburn Electric Cooperative in Sherman, Texas. The facility is expected to start operations in 2028, contributing to the Electric Reliability Council of Texas (ERCOT) grid. This project is part of the state's initiative to enhance power generation and reliability. The total estimated cost of the project is under $685 million, with the loan covering 60% at a 3% interest rate over 20 years. The Texas Energy Fund aims to secure dependable energy for Texas families and businesses.
SpaceX’s Proposed $55 Billion Terafab Project Moves Forward in Texas
On June 3, the Grimes County Commissioners Court approved a 4-1 vote for a reinvestment zone and tax abatement agreement for SpaceX's Terafab project, a semiconductor manufacturing facility near Gibbons Creek Reservoir. The project, which could involve an initial investment of $55 billion, aims to enhance domestic semiconductor production and create around 1,800 jobs. The facility is planned to be a multi-phase complex located about 20 miles east of Bryan-College Station. While the approval marks significant progress, further regulatory reviews and permits are still needed before construction can begin.
BusinessTSC President Calls for Collective Action on Water and Regional Growth
Dr. Jesús Roberto Rodríguez, President of Texas Southmost College, urged for regional collaboration to tackle water issues and promote economic growth during the RGV Connect Water Forum on April 15, 2026. He highlighted the importance of unity among public officials, business leaders, and educators to address water security in the Rio Grande Valley. Rodríguez emphasized the need for strategic planning and cooperation, stating that water is a vital resource for the region. He also noted the college's commitment to workforce development, celebrating its centennial and readiness to meet new economic challenges through education and partnerships.
BusinessSpaceX Announces It Will Go Public Starting June 12
SpaceX, the aerospace company founded by Elon Musk, has announced its plans for an Initial Public Offering (IPO) set to launch on June 12. This marks a significant milestone as it will allow investors to purchase shares for the first time. The company will offer over 555 million Class A common shares, with an additional option for underwriters to acquire up to 83.3 million more shares within the first 30 days. The estimated initial price is set at $135 per share, with the final pricing expected on June 11. Shares will trade under the symbol 'SPCX' on the Nasdaq Global Select Market.
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
Consumer 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.
Eight 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
