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Red River Commerce Park, TX - GUIDE Network Survey

Contact :   TEL   847-304-4655

Bruce Donnelly   bruce@gdi-solutions.com    (Biography)

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Introduction

This information about the Red River Commerce Park in New Boston, Texas was provided through our GUIDE Network Survey research.  If this information is helpful to you, please let them know.  Contact us as above if we may be of service.  This will be updated for the estimated impact of the 2005 BRAC military base realignment and closure decisions.
Website :  www.rrcp.org

Contact :

Duane Lavery, CEcD. *

Executive Director

Red River Redevelopment Authority

Red River Commerce Park

107 Chapel Lane

New Boston, TX  75570

 

Phone  903-223-9841

Fax      903-223-8742

 

email : duane.lavery@rrcp.org 

 

*C.Ec.D. is a professional certification

for economic development by IEDC.

 

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Geographic area served   - map

The Red River Commerce Park is a 765 acre industrial park located in New Boston, TX, the county seat for Bowie County, near Miller County Arkansas.  This is close to the border between Texas, Oklahoma and Arkansas, near Texarkana in northeast Texas.

It is along Interstate I-30 which connects Dallas, Texas with Little Rock, Arkansas and Memphis, Tennessee.  It is roughly 150 miles from both Little Rock and Dallas - close enough to take advantage of big city amenities in the smaller Texarkana environment.

Identify any common information challenges

Although New Boston TX is a small semi-rural town (population < 5000), Bowie County has a larger population, and the adjacent Miller County around Texarkana has a 40,000 population.  There is roughly a 130,000 population within a short travel to work radius for this uncongested location in the Texarkana MSA along a major interstate highway.  That might not be obvious through a quick search of demographic databases, such as for larger cities or specific labor pool attributes.

Highlights of recent developments of interest to investors
  •  Contact Duane Lavery as above for any questions about this area
  •  New 75,000 sq ft spec. industrial building built in 2004
    • 24' ceiling at eaves, sprinkler, 6 loading docks
    • 50' clear between columns, 5000psi floar load - call for details
  •  140 acre industrial site next to the golf course, shovel-ready greenfield site
    • with utility services, ready to develop, near interstate I-30
  •  31 acre industrial site bordered by trees, golf course; cleared, utilities, rail
    • other industrial site alternatives include 16.7 and 11.0 acre sites
  •  Foreign Trade Zone at the Red River Commerce Park
    • FTZ No. 258 serves businesses currently located in the greater Texarkana Area as well as those companies looking at Texarkana as a potential business location.  The FTZ program assists companies with the management of duties and taxes on imported and exported merchandise so that a US location can be more competitive with foreign operations.
    • Duane Lavery will be attending the NAFTZ spring seminar in Chicago, May 22-23, 2005 (National Association of Foreign Trade Zones).  Please contact him directly if a meeting at that time may be of interest.
  •  Two one-level office buildings, built in 1987-1990, 4000 and 11,477 sq. ft.
  •  Retail developments are growing in the Texarkana MSA, including the northwest area where a new university campus is planned.  Since the metro area straddles two states and serves a larger region, retailers may underestimate the potential of this market by just looking at Texarkana TX or Texarkana AL or county demographics.
  •  A 60 mile radius around Texarkana is reportedly served as a major health care center for approximately 400,000 people in the region.
  •  The low cost of living is another retail business location selection factor to consider.
Suggestions of other information sources about the area

 

Ad Recall : a recent advertisement promoting Red River Commerce Park

 

Texarkana Chamber of Commerce   www.texarkana.org

New Boston Texas Chamber of Commerce

 

Texarkana Regional Airport (TXK) - 20 minutes away - www.txkairport.com - with services to Dallas Fort Worth International Airport via daily American Eagle flights and Houston via SkyWest

 

Foreign Trade Zones Board - frequently asked questions (US Dept of Commerce)

National Association of Foreign Trade Zones (NAFTZ) explanation of benefits

 

Texas Workforce Commission - www.twc.state.tx.us - information on labor law and labor market statistics, and programs for recruitment, training, and retention of employees

Texas Enterprise Zone information - explanation of business incentives

 

Rail services : Texas North Eastern Railroad (RailAmerica TNER short line) connects to Union Pacific and Kansas City Southern routes, switching through Texarkana

 

Universities in the surrounding area

- Texas A&M Texarkana and Texarkana College

 

Bowie County data - basic demographics

US Census Bureau Quick Facts for Bowie County

 

HomeTownLocator Community Profile for New Boston

Residential real estate information : CENTURY 21 Branson Realty - Kelley and Cindy Branson - Kelley is also the president of the New Boston Chamber of Commerce

Competitive advantages of the area for potential investors
  •  NAFTA corridor location for highway and rail shipments
    •  Uncongested location for serving southern USA, Mexico and Canada
    •  forty-five private and public motor freight carriers serve the area
    •  Texas Northeastern Railroad (TNER) service is available to the park
    •  Switching to Union Pacific, Kansas City Southern, and BNSF routes
  •  Rural cost and work ethic advantages for skilled and unskilled workers
  •  Incentives related to redevelopment as a former military base location
    • Set up during the 1990's "BRAC" round of military base changes
    • Development is well ahead of any new base realignment and closure area
  •  Texas Enterprise Zone Program
    • Tax Abatement Program
    • No State or City Income Tax
    • Favorable Property Tax Incentives
  •  Economic Development Revolving Loan Fund
  •  Employee Training Program Assistance
  •  The Texarkana Chamber highlights that companies still get "an honest day's work for a day's pay" in this area, and reports that "wages range from the $6.50 for general labor to $20.00 per hour for highly skilled labor. The average manufacturing wage is near $11.00 an hour, plus benefits."
  •  The quality of the workforce and logistics is also reflected by the military industrial and global logistics missions in the area.  An interesting independent commentary on this in the context of BRAC military changes can be found on GlobalSecurity.org, which highlights the scope, history, and reputation of these operations.
Scope of investment support services offered
  •  Training assistance - programs specific to the company recruitment and training requirements can be developed - contact Duane Lavery for details
  •  Assistance is also available for the retrofit of existing facilities to meet
  •  In general, the role of the Red River Redevelopment Authority is to coordinate everything which needs to be done to help a company set up quickly and easily in the area, so speak to Duane Lavery directly about any specific requirements.

Major employers in the area

Other organizations supporting direct investment in the area

The Red River Redevelopment Authority (above) is the main point of contact for potential business investment in this area.

The Texas Department of Economic Development promotes investment in the state, and provides information about state incentive programs as well as considerable background information about "Doing Business In Texas" in general.  If interested in the Red River Commerce Park, however, it is better to contact Duane Lavery as above first, and he can introduce the relevant state contacts for the area as appropriate.

Utilities - AEP Texas - American Electric Power - their economic development program, which in Texas is based in Corpus Christi, covers a multistate service area which includes parts of northeast Texas served from an APE office in Longview.  They provide services in parts of Arkansas, Louisiana and Arkansas as well as elsewhere in Texas.

Once again, contacts based elsewhere in Texas may not be very familiar with this part of the state, so it may be better to talk to local contacts first for any interest in this region.

Relationship Disclosure, April 15, 2005

 

Interviewed at Roundtable in the Rockies April 2004 and met at National Manufacturing Week 2005 trade show in Chicago

GUIDE Network Survey published April 18, 2005 and updated periodically since that time

No relationship for any other services (GUIDE or SICR)

 

Please contact us if we may be of assistance with your interests, or if you have any suggestions for revisions to this content or the GUIDE Network Survey in general.

 

We publish this information for convenient reference by investors and advisors who may be unfamiliar with this area.  We make no warranty about such content, but we include and edit such responses selectively according to our professional judgment.

 

This information is provided by local area representatives in response to our GUIDE Network Survey research.  We provide more detailed information and additional links to relevant content for participants in our GUIDE Area Profile service, which involves a closer working relationship to maintain timely knowledge of an area throughout the year, and highlight the benefits of the area as appropriate through other GUIDE tools for specific interests, rather than just publishing this basic introductory information.

Directories of economic development and investment promotion agencies
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US : Mid Atlantic US : North Central US : Mountain South America
US : Southeast US : South Central   Texas US : West Coast Central America, Caribbean
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China, Taiwan Southeast Asia Korea Japan
Major recent project announcements and GUIDE Project Profiles by area (selective lists) - see also by Industry
US : Northeast US : Great Lakes East and Midwest Canada Mexico
US : Mid Atlantic US : North Central US : Mountain South America
US : Southeast US : South Central US : West Coast Central America, Caribbean
Europe South Asia Australia, New Zealand Middle East, and Africa
China, Taiwan Southeast Asia Korea Japan

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