by Legislative Media | Aug 13, 2016 | Politics
Featured, from left: Nick Cantú, Realtor/Owner, Jinks Realty, Mayor Pro Tem Richard Molina, and Abisai Y. Ortiz, Realtor, Jinks Realty, during the Jinks Realty Ribbon Cutting and Open House on Friday, May 6, 2016 at Grindstone Coworking, 506 W. University Drive in Edinburg. Not pictured are Lee Jinks, Broker/Owner, Jinks Realty, Jania Cantú, Realtor, and Mary Alice Palacios, Realtor (www. JinksRealty.com). In addition to new businesses opening in the city, Edinburg’s economy continues to show continuing growth based on other financial figures, including in retail sales activities, according to the Texas Comptroller of Public Accounts.
Photograph By RONNIE LARRALDE
Edinburg’s retail economy during June 2016 showed a more than 8.5 percent improvement over the same month last year, a figure that is much better than the statewide average improvement of 1.8 percent for all cities, the Edinburg Economic Development Corporation has announced. For June 2016, Edinburg’s retail economy generated $2,000,505.08 in local sales taxes, compared with $1,843,334.30 during the same period in 2015, representing the improvement of 8.52 percent, according to the Texas Comptroller of Public Accounts. During the first six months of 2016, Edinburg’s retail economy produced $14,288,346.32 in local sales taxes, compared with $13,591,448.24 for January through June 2016, representing an improvement of 5.12 percent. 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.
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by Legislative Media | Jul 9, 2016 | Politics
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.
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by Legislative Media | May 12, 2016 | Politics
Featured: An IMAX theater, similar to the one featured in this image by pocket-lint.com, will be coming to Carmike 20 Cinemas in Edinburg and is scheduled to open next year, the Edinburg Economic Development Corporation has announced. The news comes as the Texas Comptroller of Public Accounts released statewide data showing the retail economy in Edinburg for the month of March 2016 is more than eight percent better than the same month last year.
Photograph: pocket-lint.com
Edinburg’s retail economy during March 2016 was more than eight percent ahead of the same period last year, much better than the statewide average of all Texas cities for the same period, which came in with a 1.4 percent improvement, the Edinburg Economic Development Corporation has announced. This latest positive news about the Edinburg’s economy, which was prepared by the Texas Comptroller of Public Accounts and released on Wednesday, May 11, 2016, came as Carmike Cinemas’ corporate headquarters revealed they have begun large-scale renovations at its Carmike Cinemas 20 entertainment complex in Edinburg. The nearest IMAX to the Valley is located in Corpus Christi.
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