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Edinburg retail economy for March 2015 shows Valley’s best rate of growth with an almost 10 percent improvement over March 2014

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Featured, from left: Yolanda González, District Manager at Wells Fargo Upper Rio Grande Valley & Laredo; Sabrina Walker-Hernández, Chief Professional Officer/Executive Director, Boys and Girls Club of Edinburg Rio Grande Valley; and Alma Ortega-Johnson, Area President South Texas Region-Wells Fargo, on Friday, May 8, 2015, during grand opening ceremony of the Wells Fargo newest branch, located at 1628 West University Drive.

Photograph By DIEGO REYNA

Edinburg’s retail economy for the month of March 2015 was 9.84 percent better than the same month last year, generating $1,926,165.61 in local sales taxes, compared with $1,753,587.06 in March 2014, the Edinburg Economic Development Corporation has announced. The EEDC, led by Executive Director Agustín “Gus” García, Jr., is the jobs-creation arm of the Edinburg Mayor and Edinburg City Council. Mayor Richard García (no relation to Gus García, Jr.) is President of the EEDC Board of Directors. That showing was the best among all of the Valley’s major cities for March 2015, according to the Texas Comptroller of Public Accounts, which on Wednesday, May 6, released statewide figures, which represents the most up-to-date figures information for that state agency. Edinburg’s almost 10 percent improvement also was significantly higher than the average of all city economies in the state, which combined showed an improvement of 6.2 percent when comparing March 2015 with the same month last year, the state comptroller’s office also reported.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. Year-to-date, the Edinburg economy is 7.15 percent ahead of 2014, having produced $8,603,397.65 from January through March 2015 in local sales taxes, compared with $8,028,833.80 during the same period last year. The local sales tax figures represent sales made in March as well as January, February and March sales by businesses that report tax quarterly, sent to the Texas Comptroller of Public Accounts in April, and returned as sales tax rebates to the respective local government entities in May. The local sales tax is used in Edinburg to help pay for many city services, while the EEDC uses its one-half cent local sales tax to help generate economic development in the city. 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).

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Edinburg’s unemployment rate of 4.8 percent for February 2015 reflects continued economic improvement as Teleperformance announces plan to hire 200 more employees at local site

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Featured, right, Edinburg Mayor Richard H. García speaking with reporters on Thursday, January 22, 2015, prior to welcoming Gov. Greg Abbott to the Edinburg Conference Center at Renaissance.

Photograph By MARK MONTEMAYOR

Edinburg’s unemployment rate for February 2015 was 4.8 percent, which was lower than the previous month’s level of 5.1 percent, better than the February 2014 level of 6.2 percent, and the best showing for that month since 2008, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg Mayor and the Edinburg City Council. The unemployment rate is a key indicator of the strength of the local economy. Those most recent figures, released on Friday, March 27 by the Texas Workforce Commission (TWC), came about a week after Teleperformance U.S.A., a global company which specializes in customer service, technical support, call center, debt collection and social media, announced that it will begin hiring 200 more staff members at its Edinburg site, located at 1701 South Closner Blvd. Only McAllen had a better monthly performance among the Valley’s major economies, coming in with a 4.7 percent unemployment rate for February 2015, the TWC reported. The previous month, the unemployment rate in McAllen was five percent. Edinburg’s February 2015 unemployment rate of 4.8 percent remained close to the Texas statewide average, which was 4.3 percent for February 2015, compared with statewide average of 4.6 percent for January 2015, according to TWC figures. With more than 700 employees at the local Teleperformance facility, the company currently utilizes about 50,000 square feet with about 800 work stations. “Our clients see Edinburg as a great place for customer service and support,” said Miranda Collard President of Operational Delivery for Teleperformance U.S.A. “They recognize the area’s diversity, talent, and education in the community. Edinburg offers a unique advantage to employers like Teleperformance because of the strength of the community and the incredible work ethic of the people. We are excited to continue our growth in this area.”Mayor Richard H. García congratulated Teleperformance with its continued success and agreed with the company’s assessment of the work ethics in this region. “For us working hard is just something we do. That’s what our parents taught us and I’m glad we’re being recognized for our hard working habits,” the mayor said. ‘“This is their second expansion since they first opened in 2003. Clearly, we’re a good fit.” Their first expansion was in 2013, when Teleperformance added 400 positions and increased square footage by 24,000 feet, making room for 350 more workstations. Agustín “Gus” García, Jr. (no relation to the mayor), Executive Director of the EEDC, said the additional 200 jobs at Teleperformance U.S.A. will contribute to the city’s declining unemployment rate. “This also means that people looking for a job will have high-paying positions to choose from, great jobs that could turn into careers,” the EEDC Executive Director reflected.

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With construction to begin on $68 million Bert Ogden Arena, Rep. Canales, Edinburg City Council, EEDC now focusing on $50 million engineering building at UT-RGV in Edinburg

 

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Featured, from left: René A. Ramírez, Founder and President, Pathfinder Public Affairs of McAllen; Agustín “Gus” García, Jr., Executive Director, Edinburg Economic Development Corporation; Rep. Óscar Longoria, Jr., D-La Joya; Edinburg City Councilmember Richard Molina; Rep. Ryan Guillén, D-Rio Grande City; Ramiro Garza, Jr., City Manager, City of Edinburg; and Edinburg City Councilmember J.R. Betancourt, at the State Capitol in Austin for Rio Grande Valley Day on Tuesday, February 10.

Photograph by DIEGO REYNA

With heavy equipment and hundreds of jobs soon to descend upon Edinburg following the Thursday, February 26 groundbreaking for the $68 million Bert Ogden Arena, legislation was filed on Monday, March 2, to bring another major new facility to Edinburg, and with it, the opportunity for more South Texans to become part of one of the highest-paid professions in the nation. House Bill 2097, by Rep. Terry Canales, D-Edinburg, could lead to the construction of the $50 million Interdisciplinary Engineering and Academic Studies Building at The University of Texas-Pan American, which will be renamed The University of Texas-Rio Grande Valley in the fall of 2015, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg City Council. Canales’ measure is consistent with the long-standing role played by the Edinburg City Council and the EEDC in promoting economic development and a higher quality-of-life through more advances in higher education in the city, said Mayor Richard García, who also serves as President of the EEDC Board of Directors. “We in the Valley have the talent, ingenuity, drive, and intelligence for any profession, job, trade, career, occupation, vocation, employment – you name it, we will excel at it,” said Mayor García. “In the case of the $50 million Interdisciplinary Engineering and Academic Studies Building, it is vital not only for our region, but for all of Texas, which is experiencing a statewide shortage of engineers.” The Texas Workforce Commission has projected that Texas will need 88,000 more engineers and computer scientists over the next decade to continue to attract new businesses and new jobs that will keep the state’s economy healthy, the UT System Board of Regents announced on Thursday, August 24. The $50 million Interdisciplinary Engineering and Academic Studies Building would be built on the campus quad – its open-air courtyard – west of the Edinburg campus’ main library. With engineering among the lucrative professions in the nation, the facility for Edinburg would also meet powerful demands both in the Valley and throughout Texas, said Canales. “The student enrollment in the College of Engineering and Computer Science on the Edinburg campus has increased by 41 percent since 2010 and is on the rise, according to university leaders,” said Canales, whose House District 40 includes the UT-Pan American/UT-Rio Grande Valley and a School of Medicine now under initial construction. “The current engineering building on the Edinburg campus was built to accommodate 1,370 students and enrollment in the college is more than 2,200 students.” Agustín “Gus” García, Executive Director for the Edinburg Economic Development Corporation, said the EEDC and the Edinburg City Council would continue to be champions for UT-RGV and its UT medical school, not only before the UT System Board of Regents, but also at the state legislative levels. “Edinburg’s top leadership, featuring the Edinburg City Council and the EEDC Board of Directors, has a long and distinguished history of proven support and effectiveness for higher education, not only in our community, but Valleywide,” said García. “We know the legislative system in Austin, we benefit from an outstanding state legislative delegation, and we have friends and allies in key places in the UT System. We will be partners in the continuing transformation of UT-RGV into a university of the first-class.” Gus García and Mayor Richard García are not related.

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$68 million Bert Ogden Arena breaks ground in East Edinburg as part of City Council, EEDC vision for economic growth

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Artist’s rendition of $68 million, 8,500-seat Bert Ogden Arena set to open in southeast Edinburg in October 2016.

Graphics Courtesy RIO GRANDE VALLEY VIPERS

The NBA Development League Rio Grande Valley Vipers, along with the City of Edinburg, the Edinburg Economic Development Corporation and Cantú Construction on Thursday, February 26, broke ground on a new, state-of-the-art arena located at Interstate 69-Central and Alberta Road in Edinburg. Bert Ogden Auto Group was also announced as the arena’s naming rights sponsor. With a capacity of 8,500 seats, Bert Ogden Arena will be the largest entertainment venue in South Texas and is slated to open in October 2016. “Today is the biggest day in franchise history for the Rio Grande Valley Vipers. We are excited to break ground and be the anchor tenants of Bert Ogden Arena,” RGV Vipers president Bert García said. “A few miles away, we are wrapping up construction on a state-of-the-art practice facility and community center. Not only does Edinburg serve as the county seat, but now, it is also becoming the sports and entertainment hub of the Rio Grande Valley.” The RGV Vipers will serve as the anchor tenant of Bert Ogden Arena and will tip off the team’s 10th season in the facility in the fall of 2016. In addition to being the home of the RGV Vipers, Bert Ogden Arena will host a variety of musical and entertainment acts year round.“This joint venture is a tremendous opportunity for the City of Edinburg to improve the quality of life for residents without having to pay a single penny up front or take any away from other projects,” said Edinburg Mayor Richard H. García. “This is definitely a triumph for our residents. We are very excited about this project.” Bert Ogden Arena will be funded by Tax Increment Reinvestment Zone (TIRZ) and Edinburg Economic Development Corporation (EEDC) sales taxes. The EEDC is the jobs-creation arm of the Edinburg City Council. Tax Increment Reinvestment Zones (TIRZs) are special zones created by a governmental body, such as a city council, to attract new investment to an area. TIRZs help finance the cost of redevelopment and encourage development in an area that would otherwise not attract sufficient market development in a timely manner. Taxes attributable to new improvements (tax increments) are set-aside in a fund to finance public improvements within the boundaries of the zone. “The arena from day one brings $30 million in private dollars into our community. A recent study conducted at the University of Texas-Pan American identified $95 million in direct economic impact in the first year and $45 million every year after, while creating more than 150 jobs for the area,” said EEDC Executive Director Agustín “Gus” García. Gus García, Bert García and Mayor Richard García are not related. The RGV Vipers are in their eighth season in the RGV and currently play at State Farm Arena in Hidalgo. The team will fulfill its current contract with State Farm Arena before moving to Bert Ogden Arena in the fall of 2016. The arena’s namesake, the late Bert Ogden, established his first dealership in Edinburg in 1970. He and his wife, Dorothy, passed away several years later, but his daughter, Janet, and son-in-law, Robert Vacker, continued with the family business, which has evolved into one of the most successful vehicle dealerships in the nation. In addition to being one of the largest privately-owned dealer groups in the United States, with 22 complexes Valley-wide, including seven dealerships in Edinburg, the family business employs more than 1,000 people in deep South Texas.

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Total construction in Edinburg for 2014, not counting new facilities at UT-Pan American, valued at $120.5 million

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Featured, from left: Sonia Marroquín, Assistant City Manager for Edinburg, Sofia Hernández, Vice President for Governmental Affairs, Doctors Hospital at Renaissance, and Mayor Richard García, gather at the Edinburg Conference Center at Renaissance for the mayor’s welcome of Gov. Greg Abbott on Thursday, January 22, as part of a legislative tour organized by the Rio Grande Valley Partnership.

Photograph By MARK MONTEMAYOR

Construction activities in Edinburg for 2014, not counting the ongoing and approved building of new facilities at The University of Texas-Pan American, was valued at more than $120.5 million, the Edinburg Economic Development Corporation has announced. The EEDC is the jobs-creation arm of the Edinburg City Council. That figure, which is based on the value of work listed in the required building permits issued by the city’s Code Enforcement Department, kept pace with construction activities in the city during 2013, which totaled more than $123 million. Both years’ separate totals are the highest in the city’s history, and do not include the value of three new major facilities and their furnishings and equipment at The University of Texas-Pan American, worth almost $140 million, which were approved for construction during the past two years by The UT System Board of Regents. If it did, total construction activities during the past two years in Edinburg would approach $376 million. Mayor García, who also serves as President of the Edinburg Economic Development Corporation, said additional significant construction projects are set to begin in 2015, notably the $55 million, 115,799 square-foot, 8,500-seat special events arena which will host major gatherings, such as concerts and conventions, as well as serve as the home for the Rio Grande Valley Vipers, the professional basketball team which is part of the NBA’s Houston Rockets organization. With the City of Edinburg, the Edinburg Economic Development Corporation, and RGV Vipers in the final stages of the financing agreement that will lead to the construction of the arena, an announcement is expected soon on the groundbreaking date for the state-of-the-art sports and entertainment complex, to be built on a 40-acre site at the corner of Interstate 69 Central and Alberta Road in southeast Edinburg. “This is a tremendous opportunity for the City of Edinburg and the EEDC to improve the quality of life for residents without having to pay a single penny up front or take any from other projects,” the mayor emphasized. “This is definitely an achievement for our residents. An economic study conducted by The University of Texas-Pan American predicts a $45 million economic increase annually within the arena area, and $1.3 billion in economic benefits over the next 30 years in that region of our community.” Agustín “Gus” García (no relation to the mayor), Executive Director for the Edinburg Economic Development Corporation, said the EEDC and the City of Edinburg are also actively involved in the ongoing 140-day regular session of the Texas Legislature, which continues through the end of May, in promoting key measures that will help the city’s economic growth. “We have a full legislative agenda that seeks to improve the quality of life for all our citizens, from increased state funding for health care and education, to improvements to our state highway system and more growth at UT-RGV and its School of Medicine in Edinburg,” the EEDC Executive Director noted. One of the biggest construction projects involves the proposed construction of a $50 million, 124,3o4 square-foot Interdisciplinary Engineering and Academic Studies Building at the Edinburg campus of The University of Texas-Rio Grande Valley. That proposed state funding, being requested by the UT System Board of Regents, is included in Senate Bill 21, authored by Sen. Judith Zaffirini, D-Laredo.

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