by Legislative Media | Jul 10, 2015 | Politics
Featured, from left: University of Texas-Pan American students Rebecca Reyes and Gabriela Hernández, both business management majors, were among 22 students nationwide selected to participate in the 2015 Women’s Business Enterprise National Council’s Student Entrepreneurship Program held in Austin on June 21-26. Photograph By JOSUE ESPARZA
Junior Rebecca Reyes of Edinburg and senior Gabriela Hernández of Alamo, both business management majors, recently spent a week gaining valuable information and mentorship in the prestigious program that aims to foster growth for the next generation of women-owned businesses. The program, which began in 2008, offers tailored curriculum and mentoring from certified women’s business enterprises and Fortune 500 corporate members as well as a pitch competition where the students “sell” their ideas on future businesses. “I competed in the pitch competition,” said Reyes, who expanded her family’s nursery business – Reyes Nursery in Edinburg – into Paraiso Escondido, a venue for events and plant rental company. “I didn’t make it into the next round … but I threw myself out there and gained experience from giving it a shot. One of my mentors right before my competition told me, ‘Fear has no place in your success.’ All the people there were so supportive.” Reyes’ business concept for Paraiso Escondido landed her first place in UTPA’s business plan competition in Spring 2014. Hernández, a first-generation college student, who hopes to be a hospital CEO one day, came home from the conference with a better idea of how impactful networking can be for budding entrepreneurs. “My corporate mentors took me under their wing the whole time. We wouldn’t be able to walk a couple of feet without them running into someone who they had worked with,” she said. “I left the convention with so many business cards, my wallet is filled right now.”
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by Legislative Media | Jul 6, 2015 | Politics
Featured, from left: Karen K. Pittman, Branch Manager, International Bancshares Corporation (IBC); Dina Araguz, Area Sales Manager, International Bancshares Corporation (IBC); Letty González, President, Edinburg Chamber of Commerce, and Harvey Rodríguez, Treasurer, Board of Directors, Edinburg Economic Development Corporation, on Wednesday, May 27, at the Edinburg Municipal Auditorium.
Photograph By RONNIE LARRALDE
Edinburg’s unemployment rate for May 2015 was 4.8 percent, representing the fourth consecutive month that the city posted a monthly figure under five percent, with McAllen, at 4.6 percent, being the only other major Valley city to come under five percent, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. Edinburg’s unemployment rate, as calculated by the Texas Workforce Commission, was the best showing for the city for that month since May 2008, when it was reported at 4.6 percent by the state agency. Edinburg’s May 2015 unemployment rate of 4.8 percent remained close to the Texas statewide average, which was 4.1 percent for May 2015, four percent for April 2015, 4.2 percent for March 2015, 4.3 percent for February 2015, and 4.6 percent for January 2015, according to Texas Workforce Commission figures. The city’s latest performance also was better than the U.S. unemployment rate for May 2015, which was 5.5 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics. The data represents an increase of 482 jobs in Edinburg when comparing the employment figures for May 2015 and May 2014. In May 2015, there were 35,912 persons employed in Edinburg, compared with 35,430 in May 2014. The May 2015 unemployment rate of 4.8 percent for Edinburg is also better than the annual unemployment rate in Edinburg for 2014, which was 5.8 percent – and that yearly rate was the best 12-month average from January through December since 2005. The unemployment rate is a key indicator of the strength of the local economy. The unemployment rate is the number of persons unemployed, expressed as a percentage of the civilian labor force, according to the Texas Workforce Commission. The civilian labor force is that portion of the population age 16 and older employed or unemployed. To be considered unemployed, a person has to be not working but willing and able to work and actively seeking work. All cities combined in Hidalgo County averaged a 7.2 percent unemployment rate in May 2015, representing improvements from 7.3 percent in April 2015, 7.6 percent in March 2015, 7.7 percent in February 2015 and 8.3 percent in January 2015. All cities combined in Cameron County averaged a 6.6 percent unemployment rate in May 2015, representing improvements from 6.7 percent unemployment rate in April 2015, 7.1 percent in March 2015, 7.2 percent in February 2015 and 7.8 percent in January 2015. Also for May 2015, there were 310,967 individuals employed in Hidalgo County, while 154,484 persons were employed in Cameron County. The Texas Workforce Commission data on all entities in the state, including cities and counties, is available online at: http://www.tracer2.com/cgi/dataanalysis/AreaSelection.asp?tableName=Labforce
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