Select Page

Edinburg retail economy continues to prosper, posting 6.21 percent improvement midway through 2015 compared with first half of 2014

the newest member of the Board of Directors for the Edinburg Economic Development Corporation

Featured, from left: Dalia Molina and husband, City Councilmember Richard Molina, and Councilmember David Torres and wife Ellie M. Torres, the newest member of the Board of Directors for the Edinburg Economic Development Corporation, at Edinburg City Hall on Wednesday, May 13, 2o15. The EEDC is the jobs-creation arm of the Mayor and Edinburg City Council.
Photograph By MARK MONTEMAYOR

Edinburg’s retail economy from January through June 2015 continues to prosper, with a 6.21 percent rate of improvement over the first half of 2014, the Edinburg Economic Development Corporation has announced. The EEDC, of which Agustín García, Jr. is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. The EEDC Board of Directors is comprised of Mark Iglesias as President, Harvey Rodríguez as Vice President, Ellie M. Torres as Secretary/Treasurer, and Mayor Richard García and Richard Rupert as Members. For the month of June 2015, the city’s retail economy registered a 6.32 percent rate of improvement over the same month last year, the EEDC added, according to data released on Wednesday, August 12, by the Texas Comptroller of Public Accounts. For the first six months of 2015, Edinburg’s retail economy has produced $13,591,448.24 in local sales taxes, compared with $12,795,992.32 for January through June 2014. During June 2015, the city’s retail economy generated $1,843,334.30 in local sales taxes, compared with $1,733,714.45 for June 2014, also according to the Texas Comptroller of Public Accounts. EEDC Board President Iglesias noted that Edinburg’s retail economy continues to perform favorably when compared with statewide figures. “Year-to-date, the city economy’s 6.21 percent rate of improvement is ahead of the average for all cities in Texas, which is 5.1 percent for the period of January through June 2015, according to the Texas Comptroller of Public Accounts,” said Iglesias. 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, said Mayor García. “The city’s retail economy also will benefit in the coming months from the impact of four planned different housing developments, representing a combined value of $110.4 million, which will bring 448 apartment units and a 150-home subdivision to Edinburg,” the mayor reported. On Wednesday, August 5, the Mayor and City Council approved the $110.4 million in new residential complexes for Edinburg. That action follows previous city approvals for other developers to build 594 apartment units – three of those residential complexes located along the city’s medical corridor, and the fourth residential complex coming up on Sugar Road near the University of Texas Rio Grande Valley. “The housing demand has increased in Edinburg since the announcement in May 2013 that UT-Pan American will be transformed into The University of Texas-Rio Grande Valley, beginning with the Fall 2015 semester,” Mayor García explained. “Very important, for this first time, as a result of the creation of UT-RGV, higher education in the Valley now has access to the multi-billion dollar Permanent University Fund.” On June 30, 2015 the market value and book value of the PUF was $17.8 billion and $14.9 billion, respectively, exclusive of land acreage. “Along with the creation of The University of Texas-Rio Grande Valley, the School of Medicine is set to open by the Fall of 2016, with a major component in Edinburg,” added Mayor García. “People are looking to move closer to the campus, and for the financial and job opportunities within the medical industry expected to materialize once the UT medical school is complete.” The Permanent University Fund (PUF) is a public endowment contributing to the support of institutions of The University of Texas System (UT System) and the Texas A&M University System (A&M System). The Constitution of 1876 established the PUF through the appropriation of land grants previously given to The University of Texas plus one million acres. Additional land grants to the PUF were completed in 1883 with the contribution of another one million acres. Today the PUF contains 2.1 million acres located in 24 counties primarily in West Texas. “We find ourselves in the same situation San Antonio experienced when they got their medical school (UT Health Science Center at San Antonio), and look at their size now. Mark my words, the population in Edinburg will very soon be more than 100,000,” Mayor García predicted. “Our location as the gateway to Hidalgo County, which the U.S. Census Bureau estimates had more than 830,000 people as of 2014, and the fact that there is room to grow in all directions in Edinburg also is attracting entrepreneurs looking for a location proven to be successful.”

•••••• (more…)

53-acre campus expansion, $37.6 million engineering/academic building for UTRGV in Edinburg set for action by UT System Board of Regents

Graphics: THE UNIVERSITY OF TEXAS SYSTEM

Featured: The following proposed seal for the University of Texas-Rio Grande Valley will be up for approval by the UT System Board of Regents when it meets in Austin on Wednesday, August 19, and Thursday, August 20, 2015 for its regular board meeting. The motto, Disciplina Praesidium Civitatis, is an approximate Latin translation of a famous quote by Republic of Texas President Mirabeau B. Lamar, who proclaimed, “A cultivated mind is the guardian genius of democracy.”
Graphics: THE UNIVERSITY OF TEXAS SYSTEM

The University of Texas Rio Grande Valley in Edinburg could expand by 53 acres, and a $37.6 million Interdisciplinary Engineering and Academic Studies Building could grace the existing campus under key items set for action by the UT System Board of Regents when it meets in Austin on Wednesday, August 19, and Thursday, August 20, the Edinburg Economic Development Corporation has announced. The EEDC, of which Agustín García, Jr. is Executive Director, is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. The EEDC Board of Directors is comprised of Mark Iglesias as President, Harvey Rodríguez as Vice President, Ellie M. Torres as Secretary/Treasurer, and Mayor Richard García and Richard Rupert as Members. Those two items, along with the appropriation of $10 million for the UT-RGV School of Medicine and the new proposed official seal for UT-RGV and, are among local interests being monitored by the EEDC and the Edinburg City Council, which championed those measures last spring through the Texas Legislature. The measures relating to UT-RGV are part of the regular board meeting of the UT System Board of Regents, which will be held on the ninth floor of Ashbel Smith Hall, 201 W. 7th Street in downtown Austin. The agenda book and links to the live webcast for the meeting are posted online by logging onto: https://www.utsystem.edu/board-of-regents/meetings/board-meeting-2015-08-19. At the Austin meeting, the regents will be asked to authorize the recommended purchase of unimproved real property, totaling approximately 53 acres, located at the southeast quadrant of North Sugar Road and West Chapin Street, in Edinburg, from Norquest Family Holdings, Ltd., for “future campus expansion”. According to the regents’ agenda packet, the purchasing price will be determined by fair market value as established by independent appraisals, plus all due diligence expenses, closing costs, and expenses to complete the acquisition as deemed necessary by the Executive Director of Real Estate. The appraisals are confidential pursuant to Texas Education Code Section 51.951. More is known about the $37.6 million Interdisciplinary Engineering and Academic Studies Building. According to the synopsis provided by the UT System: This project will construct an approximately 77,000 GSF (gross square feet) building on the Edinburg campus for interdisciplinary space necessary to support enrollment growth in the rapidly growing region; the facility will include a large, 250-seat lecture auditorium, 150-seat lecture hall, 60-seat classrooms, and offices. Although particular emphasis will be placed on preparation of engineering students, this facility will also address flexible space requirements for other disciplines as needed. Additionally, the project will include an outdoor pavilion to be used as a gathering area and study space to relieve pressure on more expensive indoor space and also to support academic events. Design development plans and authorization of expenditure of funding will be presented to the Board of Regents for approval at a later date. EEDC’s Iglesias, who on Saturday, August 15, was unanimously elected President of the EEDC Board of Directors, welcomed the latest planned advances at the Edinburg UTRGV campus. “During our joint workshop with the Edinburg City Council over this past weekend, we reviewed what the EEDC, the Mayor, and the City Council, along with our state lawmakers, have done over the years to help get us to this point, and how very important UTRGV and its School of Medicine are for the economic growth and quality-of-life for our city and region,” said Iglesias. “We are dedicated to helping create one of the best public university systems in the nation.” Mayor Richard García, during his three terms as the city’s top elected leader, has played vital roles before the UT System Board of Regents and the Texas Legislature in rallying political and financial support for UT-RGV in Edinburg. “The UT System leadership recognizes that the future of Texas is right here in South Texas, which has one of the largest and youngest populations in the nation,” the mayor noted. “Just as important, the expansion plans by the UT System for UT-RGV are further proof that we do, indeed, have the brainpower, willpower, and strength of character to overcome all challenges and succeed. This is the message being sent to the world.”

•••••• (more…)

Edinburg’s June 5.1 percent unemployment rate is the best showing for that month since 2005

Mayor Pro Tem Homer Jasso, Jr., with his wife, Belinda, holding the Bible while his father, Precinct 4, Place 2 Justice of the Peace Homer Jasso, administers the oath of office

Featured, from left: Mayor Pro Tem Homer Jasso, Jr., with his wife, Belinda, holding the Bible while his father, Precinct 4, Place 2 Justice of the Peace Homer Jasso, administers the oath of office on Wednesday, May 13, 2015, at Edinburg City Hall. The Edinburg Mayor and Edinburg City Council help shape and approve the policies of the Edinburg Economic Development Corporation, which is the jobs-creation arm of the Edinburg City Council. In the most recent findings by the Texas Workforce Commission, the 5.1 percent unemployment rate in Edinburg for June 2015 was the best showing for that month for Edinburg since 2005.
Photograph By MARK MONTEMAYOR

Edinburg’s unemployment rate for June 2015 was 5.1 percent, the best showing for that month for Edinburg since at least 2005, when a new formula was developed by the Texas Workforce Commission in how it estimates unemployment statistics, the Edinburg Economic Development Corporation has announced. The unemployment rate is a key indicator of the strength of the local economy. Edinburg was edged out by McAllen, which posted a five percent unemployment rate, for the top spot in June among the Valley’s major economies. The city’s latest performance also was better than the U.S. unemployment rate for June 2015, which was 5.3 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS14000000). The EEDC, a public entity which is part of the Edinburg city government, is led by Mayor Richard García, who serves as President of the five-member Board of Directors. Agustín “Gus” García, Jr. (no relation to the mayor) is the Executive Director of the EEDC, which is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. Edinburg’s June 2015 figure of 5.1 percent continues a year-long pattern of the positive reports: May 2015 (4.8 percent); April 2015 (4.6 percent); March 2015 (4.8 percent); February 2015 (4.8 percent); and January 2015 (5.1 percent). Edinburg’s June 2015 unemployment rate of 5.1 percent remained close to the Texas statewide average, which was 4.4 percent in June, 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 data represents an increase of 247 jobs in Edinburg when comparing the employment figures for June 2015 and June 2014. In June 2015, there were 35,493 persons employed in Edinburg, compared with 35,246 in June 2014. The June 2015 unemployment rate of 5.1 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 2008. Edinburg’s annual unemployment rates since 2005, which is the year in which the state government began preparing those figures using a more accurate formula, according to the Texas Workforce Commission, have registered as follows: 2014 (5.8 percent); 2013 (6.9 percent); 2012 (7.5 percent); 2011 (8.4 percent); 2010 (8.2 percent); 2009 (6.8 percent); 2008 (4.9 percent); 2007 (4.7 percent); 2006 (5.2 percent); and 2005 (4.9 percent). Among its many duties, the Texas Workforce Commission provides information and analysis on shifts in occupations and industries within the state, including unemployment rates and employment figures, broken down by cities, counties, and regions in Texas, on a monthly basis. 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

•••••• (more…)

South Texas International Film Festival in Edinburg to help the film arts become major economic generator for the city and Valley

South Texas International Film Festival Board of Directors

South Texas International Film Festival Board of Directors featured, from left: Letty Reyes, Director of Business Development and Public Affairs, Edinburg Economic Development Corporation; Magdiel Alfonso, Arts Coordinator, City of Edinburg; Leticia S. Leija, Director of Library and Cultural Arts, City of Edinburg; Jonathan Torres, Production Specialist and Event Coordinator, City of Edinburg; Dr. Dahlia Guerra, Dean, Department of Arts and Humanities, The University of Texas-Rio Grande Valley in Edinburg; Luis Enrique Suner, Filmaker and Journalist, El Mañana. Not pictured are Agustín “Gus” García, Jr., Executive Director, Edinburg Economic Development Corporation; José Alberto Navarro, Consul for Political & Cultural Affairs, Consulate of Mexico in McAllen; Letty González, President, Edinburg Chamber of Commerce; and Imelda Rodríguez, Director of Tourism for the Edinburg Convention and Visitors Bureau. Photograph By DIEGO REYNA

On Friday, August 21, and Saturday, August 22, the Edinburg Economic Development Corporation – which is the jobs-creation arm of the Edinburg City Council – will host the South Texas International Film Festival, which will “showcase the work of visionary filmmakers from all over the world, and feature local, regional and international films that have a unique voice and style,” said Mayor Richard García, who serves as President of the EEDC Board of Directors. “We are bringing a home to the film arts in our region, and in doing so, proudly display the tremendous homegrown talent we have in South Texas, provide the educational courses, know-how, and generate the business connections to foster creativity in our local film industry, which can help our economy continue to flourish and diversify,” the mayor explained. From 2008 to 2012, there was $147 million spent in Texas by the movie industry, and that financial impact is expected to continue growing significantly, according to the Texas Film Commission. The Texas Film Commission (TFC) was created in 1971 by then Gov. Preston Smith, who found that it was “in the social, economic and educational interest of Texas to encourage the development of the film-communication industry,” according to the Office of the Governor. Since then, the TFC has expanded to include the television, commercial, video game, animation and visual effects industries. “Part of our goals for the South Texas International Film Festival is to lay a strong and enduring foundation that will help bring millions of dollars in new investments to our home region from U.S. and international film production companies of all sizes,” García noted. “The Valley has a wide range of terrain, beautiful beaches, isolated stretches of land, the Gulf of Mexico, and a perfect climate to make movies.” Equally important, the mayor emphasized, Edinburg and the Valley are bilingual and bicultural, and are a modern metropolitan region of more than 1.4 million residents,“guaranteeing that movie stars and the films’ production staffs from English- and Spanish-speaking nations would feel right at home in deep South Texas.” Agustín “Gus” García, Jr., Executive Director for the Edinburg Economic Development Corporation goes on to further explain the direct link between filmmaking – which is part of what is known as the “creative industries” – and job-creation and prosperity in a community or region. “‘Creative industries’ provide direct economic benefits to states and communities,” said Gus García (no relation to the mayor). “They create jobs, attract investments, generate tax revenues, and stimulate local economies through tourism and consumer purchases. These industries also provide an array of other benefits, such as infusing other industries with creative insight for their products and services and preparing workers to participate in the contemporary workforce. In addition, Gus García continued, because creative industries such as filmmaking enhance quality of life, the arts and culture are an important complement to community development, enriching local amenities and attracting young professionals to an area. “The arts and music are vital to Edinburg’s and the Valley’s economic health. When we talk about the importance of the arts, we have to mention the ripple effect of a strong, vibrant creative economy — one rich in cultural diversity and artistic excellence,” he said. “Creative communities attract creative residents, and businesses reap the benefits of a creative workforce. CEOs and hiring managers overwhelmingly identify ‘creativity’ as a vital skill when recruiting new employees.” Throughout history, the City of Edinburg has always been an advocate for the arts as they adapt and mold into an ever-changing society of social and cultural conditions,” the EEDC Executive Director reflected. “Today, Edinburg finds itself well-positioned to continue serving the needs of our artists and audiences,” Gus García noted. “As the pace of change accelerates, the Mayor, Edinburg City Council, and Edinburg Economic Development Corporation Board of Directors and staff are prepared to maintain our commitment to the arts, and to continue to play a leading role in our cultural community.” All events will be held in three high-profile locations in Edinburg, including at the Edinburg Municipal Auditorium, the University of Texas-Rio Grande Valley Performing Arts Complex, and the Edinburg Conference Center at Renaissance. The schedules and updates for the film festival are available online at http://www.stxff.us

•••••• (more…)

New law, championed by Edinburg Economic Development Corporation and Rep. Canales, to help bring more jobs and benefit businesses

 

Photograph By DIEGO REYNA

Featured from left: Rep. Terry Canales, D-Edinburg; Agustín “Gus” García, Jr., Executive Director, Edinburg Economic Development Corporation; and Carlton Schwab, President and CEO, Texas Economic Development Council, earlier in the spring in the Extension of the Texas Capitol.
Photograph By DIEGO REYNA

A last-minute parliamentary move by Rep. Terry Canales, D-Edinburg, will result in the Edinburg Economic Development Corporation saving hundreds of thousands of dollars a year in property tax payments that will now be invested into jobs-creation and business development in the city, Mayor Richard García has announced. Although the number is not immediately available of the economic development corporations in Texas which had been paying property taxes, as of Fiscal Year 2013, there are more than 700 nonprofit corporations in Texas which collect and administer their respective one-half cent economic development sales tax, according to the Texas Comptroller of Public Accounts. The new law goes into effect on September 1. The Edinburg Economic Development Corporation, governed by a five-member board of directors which features the mayor as president, is led by EEDC Executive Director Agustín “Gus” García, Jr. (no relation to the mayor). “When Gus came on board as EEDC executive director, one of the first projects he brought to the city council and the EEDC Board of Directors was the need to remove the EEDC, which is a public entity, from having to unfairly pay property taxes to other local governments,” the mayor said. “The state law that required the EEDC to pay property taxes was vague, so we supported Gus’ decision to have legislation filed to clear up that confusion. One government entity should not be paying property taxes to another government entity.” The payoff for the EEDC, which derives much of its revenue from the local one-half cent economic development sales tax, will be significant, said Gus García. “In 2012, the EEDC was paying more than $440,000 in local property taxes. This immediately triggered the question, ‘Why’?” Gus García explained. “I made some inquiries, and quickly discovered the law wasn’t clear on whether we – a government entity – should be paying property taxes.” The EEDC executive director took his findings to the city’s top elected and appointed leadership, seeking their support to have state legislation filed to resolve the controversy. “I visited with everyone of our board members, the city council and city manager,” Gus García said. “We make it a point to keep lines of communication open so that we are all on the same page when it comes to the legislative needs of the community.” The Hidalgo County Appraisal District, the government entity headquartered in Edinburg, whose powers include determining the market value of taxable property, has the authority to rule on exemptions and special valuations authorized by local entities and the State of Texas. Rather than wait until legislation could be filed, Gus García convinced the Hidalgo County Appraisal District to determine that the EEDC did not have to pay property taxes after all. “We visited with the appraisal district last year, and they were very interested in helping us. They, too, understood the contradiction of paying taxes with taxes,” he said. “As a result, in 2014, we saved approximately $330,000 because we did not have to pay property taxes.” But the uncertainty of the language in state law meant that legal challenges could still be filed against the appraisal district’s action favoring the EEDC, so the Canales’ legislation – House Bill 2305 – would still be needed, Gus García contended. With the help of René A. Ramírez, owner of Pathfinders Public Affairs, which is the EEDC’s and Edinburg City Council’s state legislative consulting team, the Canales’ measure was coordinated for drafting and filing for action by the Texas Legislature in early spring. But the measure remained stalled before the House Ways & Means Committee, with the necessary committee public hearing never being scheduled because that House panel was overwhelmed with 394 other bills requesting action. As Canales worked on dozens of other major issues, ranging from setting up a branch campus of South Texas College in the Delta Region to helping secure almost $100 million in new funding for the University of Texas-Rio Grande Valley and its School of Medicine in Edinburg, the state lawmaker kept a sharp eye on amending other state legislation to include the goals of HB 2305. An amendment involves adding new language to a bill, which is an especially difficult challenge on the House or Senate floors during the final days and hours of the legislative session. But Canales was tracking House Bill 1905 by Rep. Drew Springer, R-Gainesville, which proposed eliminating certain other state and local taxes, and HB 1905 was almost certain to beat the legislative deadlines. “I went to Rep. Springer, explained the goals of HB 2305, he agreed with us, and he allowed me to add the key language of HB 2305 to his HB 1905,” Canales reported. “The need for change that was brought up by the EEDC, specifically by Gus García, drew overwhelming support in the Texas Legislature, and on Saturday, June 20, this very important piece of legislation, with statewide impact, was signed into law by the governor.”

•••••• (more…)

Titans of the Texas Legislature