Select Page

Edinburg’s retail economy again registers best monthly rate of improvement – almost 11 percent – among Valley’s major cities for May 2016 – and better than Texas average

KURV PHOTO.jpg

Featured, from left: Daniel Rivera, Founder, Grindstone Coworking of Edinburg (www.TheGrindstone.co) and Agustín García, Jr., Executive Director of the Edinburg Economic Development Corporation, reviewing key data about the strength of the Edinburg economy prior to a broadcast interview on Tuesday, May 10, 2016 on KURV710 Talk Radio.

Photograph By DIEGO REYNA

For the second consecutive month, Edinburg’s retail economy during May 2016 had the best rate of improvement – 10.78 percent – over the same month last year among the Valley’s major cities, while by comparison, cities statewide reported a combined average improvement of 2.7 percent in May 2016 compared with May 2015, the Edinburg Economic Development Corporation has announced. These figures are based on sales made in May 2016 by businesses that report tax monthly. For May 2016, Edinburg’s retail economy generated $1,730,440.77 in local sales taxes, compared with $1,561,948.68 during the same time in 2015, representing the improvement of 10.78 percent, according to the Texas Comptroller of Public Accounts. The local sales tax is used in Edinburg to help pay for many city services, while the Edinburg EDC uses its one-half cent local sales tax to help generate economic development in the city.

•••••• (more…)

Edinburg’s 4.5 percent unemployment rate for May 2016 is the best showing for that month since 2007, reports Edinburg EDC Executive Director Agustín García, Jr.

Photograph By ROBERTO GONZÁLEZ/Texas Border Business/Mega Doctor News

Featured: Edinburg Mayor Richard García, who also serves as a member of the Board of Directors for the Edinburg Economic Development Corporation, speaking with journalists after delivering his State of the City Address at the Edinburg Conference Center at Renaissance on Thursday, May 19, 2016.

Photograph By ROBERTO GONZÁLEZ/Texas Border Business/Mega Doctor News

Edinburg’s unemployment rate for May 2016 of 4.5 percent marked the eighth consecutive month that the city posted a figure lower than five percent, with McAllen, with a 4.4 percent unemployment rate for May 2016, being the only other Valley city under five percent, the Edinburg Economic Development Corporation has announced. The May 2016 figure of 4.5 percent is the best showing for that month since May 2007, when the city posted a 4.3 percent unemployment rate. In addition, Edinburg’s unemployment rate has been under five percent during 10 months out of 17 months since January 2015. According to the latest data, which was released on Friday, June 17, 2016 by the Texas Workforce Commission, there were 36,727 people employed in Edinburg during the month of May 2016. That performance represents an increase of 615 jobs in Edinburg when comparing the employment figures for May 2016 (36,727) and May 2015 (36,112).

•••••• (more…)

Edinburg registers lowest unemployment rate – 4.5 percent – among Valley’s cities for April 2016, reports Edinburg EDC Executive Director Agustín García, Jr.

Photograph By DIEGO REYNA

Featured: Councilmember David Torres, Mayor Richard García, and Mayor Pro Tem Richard Molina, at the Edinburg Conference Center at Renaissance on Thursday, May 19, 2016, following the mayor’s State of the City Address about Edinburg to about 300 area residents in attendance and thousands more who viewed it on the Edinburg Cable Network.

Photograph By DIEGO REYNA

Edinburg’s unemployment rate for April 2016 of 4.5 percent marked the fourth consecutive month that the city posted a monthly figure of less than five percent, the Edinburg Economic Development Corporation has announced, The April 2016 figure of 4.5 percent is the best showing for that month in almost a decade, when the city posted a 4.0 percent unemployment rate in April 2008. According to the Texas Workforce Commission, there were 36,636 people employed in Edinburg during the month of April 2016. That performance represents an increase of 758 jobs in Edinburg when comparing the employment figures for April 2016 (36,636) and April 2015 (35,878).

•••••• (more…)

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.

•••••• (more…)

Edinburg unemployment rate for February 2016 comes in at 4.5 percent, which is the best showing of any month since February 2008

Photograph By MARK MONTEMAYOR

Featured: Ellie M. Torres, Secretary/Treasurer for the Board of Directors of the Edinburg Economic Development Corporation, Francisco Cigarroa, M.D., then-Chancellor of the University of Texas System, and Mayor Richard García, on Tuesday, August 26, 2014, during groundbreaking ceremonies for the $54 million University of Texas Rio Grande Valley Medical Academic Building in Edinburg, the first new construction for the UTRGV School of Medicine.

Photograph By MARK MONTEMAYOR

Edinburg’s unemployment rate for February 2016 of 4.5 percent is the best showing of any month for the city since February 2008, and this latest figure continues to keep pace with McAllen’s Valley-leading monthly unemployment rate, which came in at 4.4 percent for February 2016, the Edinburg Economic Development Corporation has announced. Also according to the latest data, which was released on Friday, March 25, 2016 by the Texas Workforce Commission, there were 36,204 people employed in Edinburg during the month of February 2016. The data represents an increase of 753 jobs in Edinburg when comparing the employment figures for February 2016 and February 2015. In February 2016, there were 36,204 employed in Edinburg, while 35,451 were employed in Edinburg in February 2015.

•••••• (more…)