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Construction in Edinburg totals $82 million during first third of 2016, EEDC announces

Construction in Edinburg totals $82 million during first third of 2016, EEDC announces

Featured, from left: Karina Cardoza, Governmental Relations Consultant, Pharr Economic Development Corporation; Keith Patridge, President and CEO, McAllen Economic Development Corporation; Hidalgo County Commissioner Precinct 4 Joseph Palacios; Hidalgo County Commissioner Precinct 3 Joe M. Flores; Hidalgo County Judge Ramón García; Hidalgo County Commissioner Precinct 2 Eduardo “Eddie” Cantu; Hidalgo County Commissioner Precinct 1 A.C. Cuellar, Jr.; Cynthia Garza, Director of Business Development & Infrastructure, Pharr Economic Development Corporation; and Sergio Contreras, Executive Director, Pharr Economic Development Corporation. In honor of the 90th anniversary of the International Economic Development Corporation, the Commissioners Court designated May 8-14 as Economic Development Week in Hidalgo County.

Photograph Courtesy JULIA BENÍTEZ SULLIVAN

Construction and related building activities in Edinburg totaled almost $17 million for April 2016, bringing the total value of construction activities in the city to more than $82 million during the first four months of the year, the Edinburg Economic Development Corporation has announced. The latest positive data comes as the Hidalgo County Commissioners Court on Tuesday, May 10, 2016, designated May 8-14 as Economic Development Week in Hidalgo County. This year represents the 90th anniversary of the International Economic Development Corporation.

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UTRGV football feasibility committee to hold its first meeting on May 19, announces Rep. Canales

Photograph Courtesy of UTRGV ATHLETICS DEPARTMENT

A football feasibility study committee, chaired by legendary coach Mack Brown, will hold an organizational meeting on Thursday, May 19, 2016 during a time and location to be announced later by officials with the University of Texas Rio Grande Valley, Rep. Terry Canales, D-Edinburg, has announced.

Photograph Courtesy of UTRGV ATHLETICS DEPARTMENT

“College football has a positive economic impact on a region in many ways, such as through the millions of dollars that would be generated from thousands of visitors coming to the Valley for the games and related activities,” said Canales. “It also is a tremendous marketing tool for UTRGV, which is one of the best universities in Texas in terms of its proud reputation in academics and sports. Football generates excitement on and off the field.”

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Deep South Texas’ first IMAX theater coming to Edinburg; city’s March 2016 retail economy shows 8.04 percent improvement over March 2015 figure

Photograph: pocket-lint.com

Featured: An IMAX theater, similar to the one featured in this image by pocket-lint.com, will be coming to Carmike 20 Cinemas in Edinburg and is scheduled to open next year, the Edinburg Economic Development Corporation has announced. The news comes as the Texas Comptroller of Public Accounts released statewide data showing the retail economy in Edinburg for the month of March 2016 is more than eight percent better than the same month last year.

Photograph: pocket-lint.com

Edinburg’s retail economy during March 2016 was more than eight percent ahead of the same period last year, much better than the statewide average of all Texas cities for the same period, which came in with a 1.4 percent improvement, the Edinburg Economic Development Corporation has announced. This latest positive news about the Edinburg’s economy, which was prepared by the Texas Comptroller of Public Accounts and released on Wednesday, May 11, 2016, came as Carmike Cinemas’ corporate headquarters revealed they have begun large-scale renovations at its Carmike Cinemas 20 entertainment complex in Edinburg. The nearest IMAX to the Valley is located in Corpus Christi.

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Concealed handguns at UTRGV, trademark agreement with Doctors Hospital at Renaissance, and new Ph.D program tied to SpaceX set for action this week by UT System Board of Regents

Photograph By PAUL CHOUY

The University of Texas Rio Grande Valley Chapter of the American Marketing Association recently earned awards at the AMA shown here with their awards from the AMA annual competition in New Orleans. Featured, from left, are Eric Rodríguez, Saydahli Mejía, Julio Salinas, Óscar Ramos, David Pérez, Fabiola Cortés, Fuad Chagollán, Jolene Arellano, Martín Nievez, Ángela López, Albert Adame and Alexandra García. The AMA Collegiate Case Competition is an annual, international contest open to undergraduate teams at schools that have an affiliated AMA Collegiate Chapter. The purpose of the competition is to provide AMA Collegiate members an opportunity to work together on a problem that illustrates a real marketing situation, and to provide competition sponsors direct contact with marketing students who have possible real-world solutions to a marketing problem.

Photograph By PAUL CHOUY

Where and when concealed handguns may be carried at The University of Texas Rio Grande Valley, allowing Doctors Hospital at Renaissance to use trademarks of UTRGV’s School of Medicine, and creating a new Ph.D program to take advantage of the coming creation of the SpaceX launch site are among key items that will be taken up on Wednesday, May 11 and Thursday, May 12, 2016, by the UT System Board of Regents, the Edinburg Economic Development Corporation has announced. The EEDC, along with the City of Edinburg, promote the best interests of UTRGV and the UTRGV School of Medicine through its extensive legislative lobbying efforts before the UT System Board of Regents, the Texas Legislature, and Congress.

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UTRGV School of Medicine, DHR Medical Research Facility part of $172.4 million in direct economic impact for local area, says Rep. Canales

Photograph By ALEX RÍOS

Featured, from left: Rep. Terry Canales, D-Edinburg, and Leonel Vela, M.D., Senior Associate Dean for Student Affairs at the University of Texas Rio Grande Valley School of Medicine, on Wednesday, April 26, 2016, during a tour of the $54 million Medical Education Building in Edinburg.

Photograph By ALEX RÍOS

A major boost to the area economy in underway as a result of an estimated $172.4 million in direct expenditures from the ongoing construction of the University of Texas Rio Grande Valley School of Medicine in Edinburg and the planned establishment of the Doctors Hospital at Renaissance Medical Research Facility in neighboring McAllen, Rep. Terry Canales, D-Edinburg, has announced. “The total economic impact of the UTRGV medical school in the Rio Grande Valley is significant, according to an analysis by the university provided at my request, and this is just the beginning,” said the House District 40 lawmaker. Through the multiplier effect, the $172.4 million in direct spending creates 2,578 jobs, generates $75.1 million in labor income and adds $100.6 million in value added, for a total economic impact of $261.8 million, noted an economic analysis prepared by the university. Spending associated with the UTRGV medical school generates $7.3 million in state and local tax and $12.9 million in federal tax.

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