Million-dollar gift supports Arrowhead Center’s regional growth in economic development

As part of the Ignite Aggie Discovery fundraising campaign, the New Mexico State University Foundation received a gift of $1 million from Paul and Alejandra de la Vega Foster to support Arrowhead Center, the university’s regional entrepreneurship and innovation hub.

Arrowhead Center Director Kathryn Hansen says the transformative gift from the Fosters will be used to drive collaboration between Arrowhead and its many partners in the Borderplex region. 

“This funding will allow us to continue to build and strengthen our framework for economic development in the region,” Hansen says. “Our goal is to create an environment where those connections can spark greater innovation. This gift really emphasizes how important it is that we work together to build the critical elements of abundant capital, collaboration with industry, student entrepreneurship, risk-taking culture, government support and community involvement.” 

“We are pleased to support initiatives that build and promote our Borderplex region,” Paul Foster says. “Alejandra and I believe the work that Arrowhead Center is doing is tremendous, and we are glad to see the development of regional partnerships, especially in Mexico. Those relationships are critically important to the future of this region.” 

Paul Foster is the president of Franklin Mountain Management, LLC. He is the founder and former executive chairman of Western Refining, Inc., and currently is a director of Andeavor, a U.S. refining, marketing and logistics company. Foster is chairman of the University of Texas System Board of Regents and serves on numerous boards, including the El Paso Branch of the Dallas Federal Reserve and the Borderplex Regional Economic Alliance. He is also a founding member of MountainStar Sports Group, owners of the El Paso Chihuahuas and the Ciudad Juarez Bravos. 

Alejandra de la Vega Foster is the Secretary of Innovation and Economic Development for the state of Chihuahua, Mexico, and co-owner of MountainStar Sports Group. She is former president of the FC Juárez soccer team and CEO of Almacenes Distribudores de la Frontera. She also serves on several boards and commissions in Texas, El Paso, Juárez and Chihuahua. In 2016, she was appointed to Texas Gov. Greg Abbott’s Commission for Women as the vice-chair. 

Amanda Bradford ’03 

Carlos Murguia, a graduate assistant who has participated in several Arrowhead Center programs with his company, KoolArmor, promotes Arrowhead Center’s trademarked Activando Emprendedores entre-preneurship training program at Semana Nacional del Emprendedor, Mexico’s national entrepreneurship week. A gift announced in September from Paul and Alejandra de la Vega Foster will help support Arrow-head Center’s work building partnerships with universities, municipalities and organizations in Mexico and throughout the Borderplex region.