Meeting/Event Information

Economic Development Overview for the Laredo Region

 

February 20, 2024
6:00 PM - 7:30 PM
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Virtual Professional Development Meeting (vPDM)

Laredo, TX
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At the center of the primary trade route connecting Canada, the United States, and Mexico, and the gateway to Mexico’s burgeoning industrial complex, Laredo and Nuevo Laredo offer markets, business opportunities, and profit potential which business and industry simply cannot find anywhere else.

Known locally as Los Dos Laredos, Laredo and Nuevo Laredo are actually one city divided only by the Rio Grande. Originally settled by the Spaniards in 1755, Laredo/Nuevo Laredo became the first “official” Port of Entry on the U.S./Mexico border in 1851. Now, the Laredo Customs District handles more trade than the ports of Southern California, Arizona, New Mexico, and West Texas combined.

Laredo is the only U.S./Mexico border city strategically positioned at the convergence of all land transportation systems. Mexico’s principal highway and railroad leading from Central America through Mexico City, Saltillo, and Monterrey, the industrial heart of Mexico, converge at Laredo to meet two major U.S. rail lines, Interstate 35 and other roads which fan outwards to the urban centers and seaports of Texas and beyond to Northern States and Canadian Provinces including Illinois, Michigan, New York, and Ontario.

For the last several years, Mexico’s economic reforms increased U.S./Mexico trade and cross-border production sharing combined to spur Laredo’s growth as never before. As the fastest growing city east of the Rocky Mountains and the most competitive USMCA crossing, Laredo’s bright economic future is vibrant.

The Laredo Economic Development Corporation (formerly LDF), is a private non-profit corporation dedicated to the economic and industrial development of Laredo, Texas.  The LEDC serves as the primary private sector point of contact providing assistance to new and expanding business prospects.  They promote and market Laredo, Webb County, and sister city of Nuevo Laredo as a dynamic region for global trade and market opportunities for targeted industries.  The LEDC provides community data and economic indicators for business prospects and investors, site selection services, assistance with and screening for incentives from the City, County, and State, and research information requested by clients.

Gene Lindgren, President and CEO, of the Laredo Economic Development Corporation will present an overview of the economic development for the Laredo, TX region.

Gene Lindgren

Gene Lindgren is the President and CEO of the Laredo Economic Development Corporation (previously known as the Laredo Development Foundation).  Gene was chosen to continue the successes of the organization’s now 57-year history in July of 2020.  He drives the staff of seasoned professionals, with the oversight of the Board of Directors, and in accordance with the City of Laredo’s Viva Laredo Comprehensive Plan. 

Gene transitioned to the LEDC after completing a 35-year career with a leading global automotive supply company in several diverse areas such as manufacturing, logistics and technology that operates in North America with more than 25 maquiladora plants throughout Mexico including distribution centers in El Paso and Laredo, Texas. 

Gene has a degree in Mechanical Engineering from the University of Akron and an MBA from Lake Erie College in Ohio and has been a Laredo resident for over 25 years. 

Gene is active in boards and committees such as the North American Strategy for Competitiveness (NASCO), South Texas Workforce Solutions, City of Laredo Port of Entry Advisory Committee, The Laredo Rotary Club, Binational Riverfront Conservation Project Working Group, Laredo College Bachelor of Applied Science in Organizational Leadership Advisory Council, and Laredo Chamber of Commerce. 

Gene and his wife have two daughters, enjoy their many DIY projects, and travel to spend time with extended family in Ohio and Torreon, Mexico.

 

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