REDCo And Paso Del Norte Group To Merge

El Paso’s Regional Economic Development Corporation (REDCo) and the Paso del Norte Group (PdN Group) will join together as the initial nucleus of what will evolve into a new Regional Economic Development Partnership, according to a news release.

Russ Vandenburg, President and CEO of TVO North America and the 2012 Chairman of REDCo, said the consolidation will bring a coordinated and strategic direction to the region’s economic development efforts.

“This is the start of a regional journey,” Vandenburg said in a news release. “And it is one that promises a broader, more aggressive push to develop this international metroplex as a globally-competitive region. We look forward to having the strategic policy and planning attributes that the PdN Group can bring to REDCo’s own knowledge base and hands-on execution, as part of that beginning.”

Paso del Norte Group Co-Chair Susan A. Melendez said the consolidation will initiate a strategic regional process of economic engagement. Melendez, who serves as Executive Director of Inter National Bank in El Paso, said, “This new model will be focused on an economic strategy for development, guided by regionalpolicy analysis directed at not a single area, but a region-wide approach in critical or significant areas fundamental to growth, expansion, and attraction. This is a more directed process of pursuing the development of a truly regional economy, versus what is traditionally thought of as economic development.”