Hunt Institute study names Santa Teresa important developing economic region

Santa Teresa has always been a sleepy little community on the border of Mexico, Texas and New Mexico. After an intense report of the region came out, Santa Teresa may have just woken up.

The Hunt Institute of UTEP recently put out a study regarding the economic growth in Santa Teresa.

Patrick Schaefer the Executive Director of the Hunt Institute for Global Competitiveness said, “As all of us know the region over the past couple of decades even the last century has grown.”

“We have seen tremendous amount of growth due to US/Mexico trade even trans-continental trade between Asia, the South Pacific and the Atlantic,” he said.

The area supports multiple businesses of all types.

Cooks Damien Estrada and Gilbert Quinoez from Penny’s Diner near the border crossing in Santa Teresa spoke about their experience with working in the area.

Estrada said, “we have a constant flow of people, even the Union Pacific, we have a contract with them so they are constantly in here.”

“I come out here to work, they pay real good. The people that we get are usually from Tucson, Union Pacific, the airport, air lines stay here,” Quinonez said about his experience.

If the successful trend continues Santa Teresa could find itself the next new city to be in New Mexico.

To read the Hunt Institute’s full report click here.