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State economic development law, known as Tax Increment Reinvestment Zone, has led to creation of $88.3 million Bert Ogden Arena in Edinburg

State economic development law, known as Tax Increment Reinvestment Zone, has led to creation of .3 million Bert Ogden Arena in Edinburg

Featured: When then-Mayor Richard García in February 2015 hosted the groundbreaking for Bert Ogden Arena, he used a state economic development law, known as a Tax Increment Reinvestment Zone (TIRZ), to help fund the state-of-the-art indoor entertainment and sports complex. Three-and-a-half years later, a new mayor – Richard Molina – is singing the praises of the city-owned, $88.3 million Bert Ogden Arena, which launched its inaugural festivities, including an open house and ribbon-cutting ceremony on Sunday, August 26 and Monday, August 27, 2018, respectively.

Photograph Courtesy BERT OGDEN ARENA

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Texas Transportation Commission set to move forward on $320 million I-2/I-69C Interchange Project, and will also consider $2.6 million funding request for South Texas International Airport at Edinburg, announces Rep. Canales

Featured: Rep. Terry Canales, D-Edinburg, helped welcome Valley residents on Thursday, August 16, 2018 to the Rio Grande Valley Hispanic Chamber of Commerce Legislative Report Card Luncheon at the Cimarron Country Club in Mission.

Featured: Rep. Terry Canales, D-Edinburg, helped welcome Valley residents on Thursday, August 16, 2018 to the Rio Grande Valley Hispanic Chamber of Commerce Legislative Report Card Luncheon at the Cimarron Country Club in Mission.

Photograph By ISMAEL GARCÍA

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Edinburg EDC announces city produced largest number of jobs in its history in March 2017 – 36,851 – along with one of Valley’s lowest unemployment rates for that month

Edinburg EDC announces city produced largest number of jobs in its history in March 2017 – 36,851 – along with one of Valley’s lowest unemployment rates for that month

Featured, from left: Priscilla Guillén, who works in the School of Rehabilitation Services & Counseling office, has been named the Edinburg Campus Student Employee of the Year at the University of Texas Rio Grande Valley. Forty-two students who work on the Edinburg Campus were nominated for the recognition, as part of UTRGV’s annual National Student Employment Appreciation Week, held Monday, April 10 through Friday, April 14, 2017. She is presented a certificate of appreciation by Ana B. Pérez, Assistant Director for Student Employment. 

Photograph by SILVER SALAS

Edinburg reported the largest number of jobs in its history in March 2017 – 36,851 –  along with posting one of Valley’s lowest unemployment rates for that month, according to preliminary estimates released on Friday, April 21, 2017 by the Texas Workforce Commission. This latest data also showed that Edinburg saw a growth of 511 jobs when comparing the monthly totals of March 2017 (36,851) and March 2016 (36,340), according to the Edinburg Economic Development Corporation. In addition, Edinburg continues to have one of the best rates in the Valley of persons holding jobs in a community, coming in with a 6.1 percent unemployment rate for March 2017 – second among all regional economies. The unemployment rate is a key indicator of the strength of the local economy. Mayor Richard García, during his State of the City Address on Wednesday, April 12, 2017, said the rising growth of jobs in Edinburg draws more private investments into the local economy, which in turn helps create a larger, better-paid workforce. “Edinburg continues to record one of the lowest unemployment rates in the Rio Grande Valley,” the mayor noted. “This latest report indicated our 6.1 percent, second only to McAllen at 6 percent. That rate is not just a sign of new investments but also of business retention and growth of our existing businesses – large and small.” García said the increasing number of jobs in Edinburg has been noticed by private investors and policy makers throughout Texas and beyond. “I am proud to report the state of Edinburg’s economy is thriving. In January, Wallethub named Edinburg number five amongst the top most improved cities since the 2008 recession,” he said. “They looked at our employment and earning opportunities as well as our economic environment to reach that conclusion.” The Edinburg EDC, of which Agustín García, Jr. 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 Mayor Richard García as President, Harvey Rodríguez, Jr. as Vice President, Elías Longoria, Jr. as Secretary/Treasurer, and Richard Ruppert and Dr. Peter Dabrowski as Members. Richard García and Agustín García, Jr. are not related.

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Edinburg construction passes $65.1 million through first quarter of 2016 as retail economy in 2015 showed 7.65 percent improvement

Photograph By MARK MONTEMAYOR

Featured, from left: Sonia Marroquín, Assistant City Manager, Myra Ayala Garza, City Secretary, and Ascensión Alonzo, Director of Finance, who all work for the City of Edinburg. The City Finance Department reports that Edinburg’s local retail economy in 2015 grew almost eight percent over the previous 12-month period in 2014. Local sales taxes in 2015 were $20,386,379, an increase of 7.65 percent over the 2014 total of $18,937,282.

Photograph By MARK MONTEMAYOR

Construction and related building activities in Edinburg totaled almost $20 million during March 2016, bringing the total value of construction activities in the city to almost $65.2 million during the first three months of the year, the Edinburg Economic Development Corporation has announced. Combined, building permits from January through March 2016 were issued for work valued at $65,173,203, compared with $41,367,340 for the same period in 2015. During March 2016, building permits for work valued at $19,710,781 were issued by the city, compared with $11,888,509 in March 2015.

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Edinburg’s unemployment rate in 2016 remains under five percent for third consecutive month, with March performance coming in at 4.7 percent

Photograph By KRISTEN GARZA

Featured: Dr. Shervin Fatehi, left, and Dr. Javier Macossay examine a 3D-printed heart at their research lab in the Science Building on the University of Texas Rio Grande Valley campus in Edinburg. They recently were awarded a grant from startup company New Matter. The Edinburg Economic Development Corporation, 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.

Photograph By KRISTEN GARZA

Edinburg’s unemployment rate for March 2016 of 4.7 percent marked the third consecutive month that the city posted a monthly figure of less than five percent, with McAllen being the only other Valley city in that category, the Edinburg Economic Development Corporation has announced. Edinburg’s March 2016 figure of 4.7 percent is the best showing for that month in almost a decade, when the city posted a 4.4 percent unemployment rate in March 2008.

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