HOLT CAT® heavy machinery dealership opens for business in Edinburg, bringing $20 million economic impact for growing region
In a ribbon cutting ceremony that symbolized patriotism, economic development, and a continuing bright future for deep South Texas, HOLT CAT® on Tuesday, August 26, celebrated the completion of their new 49,000 square foot, state-of-the-art facility in north Edinburg.
The HOLT CAT® dealership, which is open for business, plans to have a workforce of 60 skilled employees with hourly wages of up to $29 per hour plus benefits. It is projected to have a $20 million economic impact for the area. The complex, which has room to expand on its 35-acre site, represents a private investment of $10 million, includes the renovation of 19,000 square feet of existing buildings plus 30,000 square feet of new construction that houses a repair shop, parts department, and offices.
Local and state dignitaries, led by Mayor Richard García and the Edinburg City Council, attended the grand opening event, joining HOLT CAT® senior executives, including CEO Peter M. Holt, at the company’s newest facility, which is located at 10701 U.S. Expressway 281/Interstate Highway 69 Central.
“We are growing as a region, and this is probably going to be the most important corridor, this U.S. 281/I69 Central corridor,” the Edinburg mayor told Holt, Allyn Archer, the president of the Texas-based dealership, and more than 100 other employees, business leaders, journalists, and well-wishers at the ribbon-cutting. Noting the geographic location of Edinburg, García predicted that HOLT CAT® would enjoy unprecedented success along with his hometown and the Rio Grande Valley. “Fifteen years from now, the population of Hidalgo County will be divided north and south of State Highway 107, which runs right through Edinburg, so all the growth is going to be right here,” the mayor reflected “You all made the right call. You brought great jobs, good-paying jobs, a great vision for our community. We thank you for investing here.”
Peter Holt, one of the most successful business leaders in Texas – and more widely recognized in Texas and the U.S. as the majority owner of the current and five-time NBA World Champion San Antonio Spurs – acknowledged the support received from local leaders in helping influence their decision to expand in Edinburg.
“I want to thank everyone who helped us get into this facility and make it work,” Holt said. “The City of Edinburg, Hidalgo County, the local water district, and others have been great to work with,” he said. “It has been a terrific coordinated effort. This is the newest facility in the Cat dealerships in all of North America, so that is a wonderful thing. We love the Rio Grande Valley.”