Do y’all remember REDCo?
Sure you do. If you’re not old enough to remember REDCo, you’ve already left El Paso looking for a career.
Just to refresh your already ancient, substance-addled, verging-on-senile, memory, REDCo used to be El Paso’s agent for Economic Development.
Back in about 2012, the El Paso City Council decided that the city wasn’t getting their money’s worth from REDCo, and they cut them off cold turkey. No more money for REDCo.
The Borderplex Alliance stepped in, and took over REDCo’s Economic Development portfolio for free. Actually, they absorbed REDCo, and then separated from REDCo’s Chief Executive about a year later. The Borderplex Alliance decided that they would take up the baton for Economic Development in, not just El Paso, but the whole region: El Paso, Juarez, and Las Cruces.
You know, the
Well, that was great. All those concerned private citizens would take over El Paso’s Economic Development, God bless them, and it wasn’t going to cost the taxpayers any money.
For some reason as yet unknown, that plan didn’t work out. Like a vestigial organ, the City grew its own Economic Development department. Unfortunately for us, the City’s Economic Development offices couldn’t get the job done in their substandard five-year-old digs. From KTSM:
The City of El Paso’s Economic Development Department and its 13 employees will soon be packing up and moving a few blocks over to the historic Anson Mills building near San Jacinto Plaza in Downtown.
The El Paso City Council on Tuesday approved the relocation. The vote was taken as part of the consent agenda with no discussion.
The department will be subleasing 4,729 square feet on the first floor of the Mills Building from the Borderplex Alliance.
Economic Development, which works to attract industry and jobs to El Paso, is currently based at the edge of Downtown in the City 3 building along Texas Ave.
The term of the lease on the new space is six years and three months and takes effect June 1. The lease rate is $6,774 per month with a two percent annual increase, according to city documents.
The total for the term of the lease adds up to $543,391. The figure excludes an estimated $24,000 for city improvements to the new location and moving costs.
Whoa. $543,391 is almost a half a million dollars, if my public education math skills are up to par.
But hey, it’s worth it, if the new conglomerate is bringing home the bacon.
So imagine my surprise when I read this in everyone’s favorite listicle website WalletHub.
El Paso ranks 133 out of the 182 cities rated. Las Cruces ranked next to last at 181 (thank God for Fayetteville, North Carolina).
Unfortunately, Juarez wasn’t included in the report, so we may never know.
You know who should start looking for jobs? Those people who are responsible for our local Economic Development.