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Probably the most critical factor in business expansion decisions is the cost and supply of labor. The BorderPlex offers very competitive labor rates, from 22% to 32% lower when compared to markets such as Grand Rapids, Chicago, Detroit, and Los Angeles.
Using the software noted previously, a sample pro-forma was developed for a hypothetical plant of 50 employees. A number wage rates for OES job descriptions that might be used in this size plant are compared to other markets. The table below indicates that savings in the BorderPlex range from 24% to 33% in the lower paying jobs; 20% to 32% in the middle paying jobs; and 13% to 24% in the higher paying jobs.
The latest Quarterly Census of Employment and Wages from the New Mexico Department of Labor report for plastics and rubber products manufacturing, average weekly wages were $550 and for primary metal product manufacturing were $570. The most current Occupational Employment Statistics (OES) Wage Survey Data is also available on the Department of Labor web site.
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