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Edinburg EDC: City retail economy produced $20.9+ million in local sales taxes during annual period of November 2016 through October 2017

Edinburg EDC: City retail economy produced $20.9+ million in local sales taxes during annual period of November 2016 through October 2017 - Titans of the Texas Legislature

Featured: Honoree recipients at the 85th Annual Edinburg Chamber Installation Banquet, which was held on Wednesday October 25, 2017 at Memorial Events Center. From left: Elva Jackson Garza, Member, Board of Directors, Edinburg Chamber of Commerce (Edwards Abstract and Title Co.); Letty González, President, Edinburg Chamber of Commerce; Jacob De LeónImmediate Past Chairman, Board of Directors, Edinburg Chamber of Commerce (Memorial Funeral Home); Manuel N. Cantú, Jr. 2017 Edinburg Man of the Year (Rio Valley Realty); E. Linda Villarreal, MD, 2017 Edinburg Woman of the Year (Memorial Medical Clinic); Pat Barrientos, 2017 Edinburg Chamber Ambassador of the Year (Edinburg Executive Center); Gabriel Espinoza, Jr., 2017 Edinburg Fireman of the Year; Martín Martínez, 2017 Leadership Award (City of Edinburg Parks and Recreation Department); and Alex Ríos, Chairman, Board of Directors, Edinburg Chamber of Commerce (Kids’ Kollege Learning Center and the Office of State Representative Terry Canales, District 40). These business and community leaders were honored for their achievements and dedication to the region.

Photograph By RONNIE LARRALDE

Edinburg’s retail economy from November 2016 through October 2017 has generated more than $20.9 million in local sales taxes, compared with more than $21.1 million for the same 12-month period the previous year, the Edinburg Economic Development Corporation has announced. The amount of local sales taxes collected helps reflect the strength of an economy, along with construction activities, per capita income, education, historical performances, and related trends. The sales tax, formally known as the State Sales and Use Tax, is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. Texas cities, counties, transit authorities and special purpose districts have the option of imposing an additional local sales tax for a combined total of state and local taxes of 8 1/4% (.0825). From November 2016 through October 2017, Edinburg’s retail economy produced $20,934,767.43 in local sales taxes, compared with $21,171,250.82 for November 2015 through September 2016, a decrease of 1.11 percent. The year-to-date figures, which under the reporting system used by the Texas Comptroller of Public Accounts, begin in November of each year and end in October of the following year. For October 2017, Edinburg’s retail economy produced $1,624,490.61 in local sales taxes, compared with $1,644,571.30 in October 2016, representing a decrease of 1.22 percent. The local sales tax is also used in Edinburg to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city. The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro-Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda, Ph.D. as Members.

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Agenda featuring at least 10 businesses, and office lease agreement with Rep. Canales, to be reviewed by Edinburg EDC at 6 p.m. Monday, December 18

Agenda featuring at least 10 businesses, and office lease agreement with Rep. Canales, to be reviewed by Edinburg EDC at 6 p.m. Monday, December 18 - Titans of the Texas Legislature

Featured: The 2017- 2018 Leadership Edinburg (LE) Class XXIX. Front row, from left: Mary Lou Escobedo (Escobedo & Cárdenas, LLP); Erica Pérez (Town Planner Community Calendar); Mónica Vega (Holiday Inn Express & Suites By Ocean Gate Hospitality); Marivel Valdéz (Open Range Enterprises); Nydia M. Treviño (Memorial Funeral Home); and Priscilla C. Whiteaker (Farmers Insurance). Back row, from left: Abel Garza (Wells Fargo); John Mark Atchley (Edinburg Regional Medical Center); Maricruz Z. Nieto (TownPlace Suites by Marriott); Jasmine M. Champagne (Landmark Mortgage LLC); Johnny Rodríguez (Bert Ogden Auto Group); and Joe A. Delgado (Halff Associates). The Leadership Class kicked off their nine-month program on Wednesday, September 6, 2017 during the Leadership Edinburg Welcome Luncheon at the historical Southern Pacific Depot. 

Photograph By RONNIE LARRALDE

A full agenda featuring at least 10 businesses and an office lease agreement with Rep. Terry Canales, D-Edinburg, is set for review and possible action beginning at 6 p.m. on Monday, December 18, 2017 by the Board of Directors of the Edinburg Economic Development Corporation. The session, which is open to the public, will be held in the Council Chamber at Edinburg City Hall, located at 415 W University Drive. The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro-Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Dr. Noé Sauceda as Members. Following a recent vacancy in the position of Edinburg EDC Executive Director, the leadership for many of the organization’s duties is now being provided by Nelda Ramírez, the Assistant Executive Director. Ramírez is a graduate of the University of Texas-Pan American with a BBA in Finance and concentration in accounting. Having working for the EEDC for more than 14 years in various roles, she brings much experience in all aspects of economic development from financial and contractual to development and incentive proposals. The meeting’s agenda, which was publicly posted on Friday, December 15, 2017, is available online at http://edinburgedc.com/meetings-agendas/.

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Area leaders, Edinburg residents and the UTRGV community may soon receive a major public update on the $5.4+ million transit terminal under construction, announces Edinburg EDC

Area leaders, Edinburg residents and the UTRGV community may soon receive a major public update on the $5.4+ million transit terminal under construction, announces Edinburg EDC - Titans of the Texas Legislature

Featured, from left: Jorge Correa, Rio Grande Valley Area Director for Raising Cane’s Chicken Fingers; Letty Rodríguez, Escrow Officer/Public Relations/Sales Representative, Edwards Abstract and Title Co., and a member of the Edinburg Chamber of Commerce; Letty González, President, Edinburg Chamber of Commerce; Elva Jackson Garza, Vice President and Marketing Manager, Edwards Abstract and Title Co., and Member, Board of Directors, Edinburg Chamber of Commerce; Mayor Richard Molina; Councilmember Gilbert Enríquez, who also serves as President, Board of Directors, Edinburg Economic Development Corporation; and Elijah Edwards, Edinburg General Manager, Raising Cane’s Chicken Fingers. The elected officials and business leaders are shown here during the grand opening of Raising Cane’s Chicken Fingers, located at 718 W. University Drive, on Tuesday, December 5, 2017. Seventy-eight employees – with about half of them enrolled as students at The University of Texas Rio Grande Valley – were hired as a result of Raising Cane’s Chicken Fingers establishing their first restaurant in Edinburg. Raising Cane’s Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers and which is known for active community involvement. It was founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey on August 26, 1996.

Photograph By RONNIE LARRALDE

Area leaders, Edinburg residents and the University of Texas Rio Grande Valley community may soon receive a major public update on the $5.4+ million Edinburg Transit Terminal under construction, which is being built at 617 W. University Drive between 6th and 7th streets, the Edinburg Economic Development Corporation has announced. Tom Logan, Director of Valley Metro, said that initial plans call for a presentation to be made about the Edinburg Transit Terminal during the Tuesday, December 19, 2017 public meeting of the Edinburg City Council at Edinburg City Hall. “Everything is still on schedule,” Logan said. “We are excited. It will definitely improve the quality of life in Edinburg. It will create a transportation hub for the city along with synergy (teamwork) with other components  that can come into play there.” The promising future for the community officially began on Thursday, May 11, 2017, with the groundbreaking of the multi-million dollar Edinburg Transit Terminal, said City Councilmember Gilbert Enríquez, who also serves as President, Board of Directors for the Edinburg EDC. “The 15,000-square-foot, two-story complex, located on a 1.acre tract donated by the Edinburg EDC, will serve as a home for Valley Metro, which is the publicly-owned bus service for deep South Texas that is administered and operated by the Lower Rio Grande Valley Development Council,” said Enríquez. “One of the many key needs the Edinburg Transit Terminal will fulfill when it opens for business in 2018 will be to help improve vital transportation services  into and near the city’s downtown during the work week.” The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro-Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge Salinas. In addition to Enríquez, the Edinburg EDC Board of Directors is comprised of Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Dr. Noé Sauceda as Members.

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Edinburg EDC: Retail economy generates more than $19.3 million in local sales taxes between November 2016 and September 2017

Edinburg EDC: Retail economy generates more than $19.3 million in local sales taxes between November 2016 and September 2017 - Titans of the Texas Legislature

Featured: University of Texas Rio Grande Valley student Brandon Lau talks about his group’s research project with Robert Kaplan, President and CEO of the Federal Reserve Bank of Dallas, during the Border Economic Development and Entrepreneurship Symposium (BEDES) hosted by UTRGV, the Federal Reserve Bank of Dallas-San Antonio Branch, and the McAllen Chamber of Commerce. The symposium was held Friday, December 1, 2017 at the Embassy Suites in McAllen. The Edinburg Mayor and Edinburg City Council, along with the Edinburg Economic Development Corporation and its Board of Directors, lobby the Texas Legislature and the UT System Board of Regents on matters that benefit and protect UTRGV and its School of Medicine, which have major campuses in the city.

Photograph By PAUL CHOUY

Edinburg’s retail economy from November 2016 through September 2017 has generated more than $19.3 million in local sales taxes, compared with more than $19.5 million for the same 11-month period the previous year, the Edinburg Economic Development Corporation has announced. The amount of local sales taxes collected helps reflect the strength of an economy, along with construction activities, per capita income, education, historical performances, and related trends. The sales tax, formally known s the State Sales and Use Tax, is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. Texas cities, counties, transit authorities and special purpose districts have the option of imposing an additional local sales tax for a combined total of state and local taxes of 8 1/4% (0.825). From November through September 2017, Edinburg’s retail economy produced $19,310,276.82 in local sales taxes, compared with $19,526,679.52 for November 205 through September 2016, a decrease of 1.10 percent. The year-to-date figures, which under the reporting system used by the Texas Comptroller of Public Accounts, begin in November of each year and end in October of the following year. For September 2017, Edinburg’s retail economy produced $1,963,990.26 in local sales taxes, compared with $1,933,808.59 in September 2016, representing an increase of 1.56 percent. The local sales tax in Edinburg is also used to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city. The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge “Coach” Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Salinas as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noe Sauceda as Members. 

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For third consecutive month, as of October 2017, Edinburg’s unemployment rate decreases, improving to 4.7 percent, reports Edinburg EDC

For third consecutive month, as of October 2017, Edinburg’s unemployment rate decreases, improving to 4.7 percent, reports Edinburg EDC - Titans of the Texas Legislature

Featured, from left: Bob Becquet, President of Coastal Deli, Inc. of Corpus Christi, which operates 16 Jason’s Deli franchises in Texas and New Mexico, including the latest one which opened in Edinburg on October 2, 2017; Edinburg City Councilmember Gilbert Enríquez, who also serves as President, Board of Directors, Edinburg Economic Development Corporation, and Johnny Rodríguez, a former President of the Board of Directors for the Edinburg Chamber of Commerce, who serves as a public relations professional for the Bert Ogden Dealership Group in Edinburg. The three men were participating in a preview tour of the city’s latest national restaurant chain, which has locations in 266 delis in 28 states, including Jason’s Deli in Edinburg, located at 1618 W. University Drive. The Edinburg restaurant currently employs 70 staff members.

Photograph By RONNIE LARRALDE

Edinburg posted an unemployment rate of 4.7 percent in October 2017, representing 36,693 jobs for that month, and both figures are improvements over the previous month, when the unemployment rate in September 2017 was 5.5 percent, with 36,578 persons employed that month, the Edinburg Economic Development Corporation has announced. The unemployment rate is a key indicator of the strength of the local economy.These latest figures, prepared by the Texas Workforce Commission and released on Thursday, November 17, 2017, showed that there was an increase of 115 people employed in Edinburg in October 2017 (36,693) compared with September 2017 (36,578). Also, Edinburg saw a growth of 554 jobs when comparing the monthly total for October 2017, (36,693) and October 2016 (36,139), according to the Edinburg EDC. In addition, the October 2017 unemployment rate of 4.7 percent is the second-best showing in Edinburg for that month since 2007, according to the Texas Workforce Commission. Edinburg and McAllen, which posted an unemployment rate for October 2017 of 4.2 percent, compared favorably with other large population centers in the Valley, which reported unemployment rates ranging from 5.3 percent (Harlingen) to 6.1 percent (Pharr). The Edinburg EDC, of which Agustín García is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda as Members. The unemployment rate is a key indicator of the strength of the local economy.

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