RGV Business Journal

RGV Business Journal

The Rio Grande Valley Business Journal is all about highlighting the businesses, leaders, and stories that keep the Valley thriving. The goal? To connect our communities and keep you in the know about the opportunities shaping the RGV’s future. From small businesses to major developments, the RGV Business Journal is your inside look at what’s happening across the Valley.

  1. 5d ago

    Inside the $3.2B Saronic Deal: Gilberto Salinas on how Brownsville landed 10,000 Jobs

    It's not every day the governor of Texas stands alongside the CEO of a hot Austin tech startup to announce a $3.2 billion investment in South Texas. In this special edition, RGVBJ reporter Kristen Mosbrucker-Garza sits down with Gilberto Salinas, president and CEO of the Greater Brownsville Incentives Corporation, to break down how Brownsville landed autonomous vessel maker Saronic Technologies — a deal expected to bring 10,000 direct jobs to Cameron County over the next decade. They dig into the incentives package, the workforce pipeline that helped seal the deal, what it means for the Port of Brownsville's shrimping legacy, and why Salinas thinks Brownsville is entering a new industrial era alongside SpaceX and the LNG sector. 00:00 Intro — a special day for Brownsville 00:17 Why the governor's visit is a big deal 01:24 Federal-level momentum and D.C. conversations 01:47 How the Saronic deal came together 04:12 10,000 direct jobs — becoming the Valley's largest employer 05:05 Building the workforce pipeline (20 institutions, one weekend) 07:55 Defining success beyond the announcement 09:50 Manufacturing pay and the supply chain ripple effect 10:44 From McAllen to Matamoros — building the ecosystem 17:10 Brownsville vs. Houston, Corpus and San Antonio 18:30 Amazon as an economic bellwether 20:13 Breaking down the incentives package 21:14 Inside the $80M Texas Enterprise Fund 21:49 How GBIC's incentive fund is actually paid for 23:11 Texas' 20-year run as the No. 1 state for recruitment 24:33 The $3.2B build-out and the shift to retention 26:12 Advice for other communities chasing next-gen industry 28:14 The Port's shrimping legacy and the Fathom & Fillet closure 29:44 Why some industries cycle out — and others cycle in 30:31 The Henry Ford analogy: space as the new industrial revolution 31:50 The "Cyber Beach" debate and Brownsville's identity 33:24 Closing thoughts

  2. Jul 10

    Tokenization is coming: Vantage Bank's Shawn Main breaks down the future of banking

    "Tokenization" is banking's biggest buzzword right now — but what does it actually mean for your business? In this episode of the Rio Grande Valley Business Journal Podcast, host Naxiely Lopez-Puente talks with Shawn Main, chief business architect at Vantage Bank and founder of the Hazel Network, about how stablecoins and tokenized deposits could change the way RGV businesses move money — especially across the U.S.-Mexico border. Shawn breaks down what tokenization really means, how it compares to a digital cashier's check, why community banks finally have a shot at building their own payment infrastructure, and whether AI is coming for banking's back-office jobs. CHAPTERS 0:00 Tokenization: more buzzword than mystery 3:21 Meet Shawn Main: from Rackspace to Vantage Bank 4:34 Building the Hazel Network 8:05 Explaining tokenization over coffee 11:01 Is there risk in tokenized deposits? 12:39 Faster, cheaper cross-border payments 15:12 Will AI replace bank jobs? 19:15 How community banks and credit unions can join 24:32 The "golden opportunity" for community banks 28:37 How to connect with Shawn Main and Vantage Bank ABOUT THE GUEST Shawn Main is chief business architect at Vantage Bank and founder of the Hazel Network, a platform helping community banks and credit unions access tokenization and stablecoin technology. RGV Business Journal covers the people, companies, and trends shaping business across the Rio Grande Valley and the U.S.-Mexico border region. 🔗 Learn more about the Hazel Network: https://www.prnewswire.com/news-releases/vantage-bank-and-custodia-release-white-paper-unveiling-hazel-network-302804851.html 🔗 Read the full transcript: https://www.rgvbusinessjournal.com/podcast/shawn-main-vantage-bank-tokenization-hazel-network/ 🔔 Subscribe for new episodes every week. #RGVBusiness #Tokenization #Banking #Fintech #VantageBank #RioGrandeValley

  3. Jul 2

    Don't Wait for Rates: Why RGV's Housing Window Is Open Right Now, The Ryan and Brian Real Estate Team

    Is the Rio Grande Valley housing market really overpriced? And is now the right time to buy — even with rates in the mid-sixes? We sit down with Brian Reed of the Ryan and Brian Real Estate Team for a candid conversation on where the RGV real estate market stands today, what the data actually says, and why waiting could be the most expensive decision a buyer makes. Brian brings 23 years of experience, 20 years in the Rio Grande Valley, and more than 2,000 homes sold to the table. He doesn't sugarcoat it — and the numbers tell a compelling story. In this episode: • Why the "overpriced market" national report is misleading — and what RVM vs. AVM data actually shows • McAllen vs. Brownsville: why Cameron County's per-square-foot price now tops Hidalgo County • The buyer's market opportunity hiding behind high interest rates • How builders and sellers are negotiating right now — appliances, rate buy-downs, repairs • Why the average first-time homebuyer is nearly 40 — and what that delay costs them • What happens to the market when rates drop to 6% (NAR's 1.5 million buyer projection) • The No. 1 mistake sellers are making right now: overpricing CHAPTERS 0:00 — Introduction 1:30 — Brian Reed's background: 23 years, 2,000+ homes in the RGV 3:45 — The "overpriced market" report — myth vs. reality 7:10 — AVM vs. RVM: why Zillow gets it wrong 10:20 — McAllen vs. Brownsville: a market comparison 13:00 — Outside investor interest and what's driving it 15:30 — Are buyers sitting on the sidelines? 18:45 — Rate buy-downs and builder incentives explained 22:10 — First-time homebuyers: what $150K–$300K gets you now 26:00 — The overpricing problem and how to fix it 31:15 — Home flipping in the RGV today 34:00 — The net worth gap: homeowners vs. renters 37:30 — Brian's 12-month outlook for the RGV 🔔 Subscribe to the RGV Business Journal Podcast for in-depth conversations on business, real estate, and economic development across the Rio Grande Valley. 🌐 RGV Business Journal: https://www.rgvbusinessjournal.com/ 📞 Ryan and Brian Real Estate Team: ryanandbrian.com/ #rgvrealestate #RioGrandeValley #RealEstatePodcast #McAllen #Brownsville #HousingMarket #BuyersMarket #SouthTexas #RGVBusinessJournal #BrianReed

  4. Jun 9

    How the RGV Red Crowns Soccer Club landed in a FIFA World Cup: a discussion with Jamal Fayyad, founder and president of the RGV Red Crowns campaign

    The RGV Red Crowns started as a community-first soccer club built from scratch — with the Valley helping shape the name, colors, identity and mission.Now, the semi-pro team is set to appear in a national Bank of America campaign tied to the FIFA World Cup.In this episode of the Rio Grande Valley Business Journal Podcast, Naxi Lopez sits down with Jamal Fayyad, founder and president of the RGV Red Crowns, to discuss how the team was built, why community buy-in matters, and how a local soccer club caught the attention of one of the world’s biggest sporting events.Fayyad explains why the Red Crowns are focused on local athletes, local businesses, local artists and a Valley-wide identity — from playing at Harlingen Field to partnering with Brownsville’s Pluton Brewery and giving young players a path to the next level.The conversation also explores the economic impact of the commercial shoot, the Valley’s image beyond border stereotypes, and what it would take for the Red Crowns to eventually move toward professional soccer.Topics covered:• RGV Red Crowns and Valley soccer• Bank of America’s FIFA World Cup campaign• Community-first sports branding• Harlingen Field and local soccer culture• Opportunities for Valley athletes• Local business partnerships and sponsorships• The economic impact of filming in the RGV• The future of professional soccer in South Texas👉 Subscribe to the Rio Grande Valley Business Journal for more reporting on business, sports, culture, economic development and the forces shaping South Texas and northern Mexico.

  5. May 12

    Inside the McAllen foreign trade zone: How it works & why it matters - An interview with Mark Garcia

    What exactly is a Foreign Trade Zone — and why does it matter for businesses in the Rio Grande Valley?In this episode of the RGV Business Journal Podcast, host Kristin Mossbrucker-Garza sits down with Mark Garcia, CEO of the McAllen Foreign Trade Zone, for a wide-ranging conversation on one of the Valley's most important but least understood economic assets.Mark breaks down how the FTZ program works, who benefits from it, and why the McAllen zone — now celebrating its 56th year — has grown to nearly one million square feet of industrial space. He also shares big news: a strategic land acquisition in North McAllen near the Mórán Air Base, where a mixed-use development is planned alongside the incoming $750M USDA screw worm facility.Topics covered:✅ What a Foreign Trade Zone is and how it saves businesses on duties and taxes✅ The "inverted tariff" benefit and how BMW uses it✅ How the program adapted during recent tariff uncertainty✅ Expansion into Willacy County and what it means for the region✅ The North McAllen development: industrial, commercial, educational, and more✅ Infrastructure challenges: roads, water, fiber, and the 765kV transmission line✅ How the FTZ fits into the broader RGV bridge and logistics ecosystem✅ Advice for any Valley business considering the programWhether you're in manufacturing, logistics, importing, or real estate — this is a conversation you don't want to miss.🎙️ Guest: Mark Garcia, CEO — McAllen Foreign Trade Zone🎤 Host: Kristin Mossbrucker-Garza, Reporter — RGV Business Journal📰 Read more at: rgvbusinessjournal.com #ForeignTradeZon#McAllenT#RioGrandeValley#RGVEconomy

About

The Rio Grande Valley Business Journal is all about highlighting the businesses, leaders, and stories that keep the Valley thriving. The goal? To connect our communities and keep you in the know about the opportunities shaping the RGV’s future. From small businesses to major developments, the RGV Business Journal is your inside look at what’s happening across the Valley.