Tamaulipas Mexico Businesses Invest $16 Million in Texas

Latin American Herald 

MEXICO CITY – Businessmen fleeing the violence in the Mexican border state of Tamaulipas have invested about $16 million in Texas in recent months, Federation of Chambers of Commerce of Tamaulipas State, or Fecanaco, vice president for border affairs Julio Almanza Armas said.

The Tamaulipas residents are reconquering Texas, which Mexico lost in 1836, Almanza said.

The erratic security policies in Mexico are prompting an increasing number of businessmen, merchants and professionals in Tamaulipas to flee to the United States, Almanza said.

The Mexican investors are gradually moving their operations, as well as their way of life, to neighboring Texas, the business leader said.

The surge in crime is ravaging the business community in the border region and causing capital flight to the United States, the Fecanaco official said.