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City’s retail economy during Thanksgiving and Christmas 2017 showed combined improvement over 2016 holiday period, reports Edinburg EDC

Featured: Erika Stubberud, left, University of Texas Rio Grande Valley Nursing student from Brownsville, and Alejandra Benítez, UTRGV Environmental Science student from Reynosa, Mexico, in front of the UTRGV sign as winter weather brought rare snow to the campus on Friday, December 8, 2017 in Edinburg. Edinburg’s retail economy during the November and December 2017 holiday season – which feature Thanksgiving and Christmas – showed an improvement of 0.51 percent over the same two months of the 2016 holiday season, the Edinburg Economic Development Corporation has announced. The Edinburg Mayor and Edinburg City Council, along with the Edinburg Economic Development Corporation and its Board of Directors, lobby the Texas Legislature and the UT System Board of Regents on matters that benefit and protect UTRGV and its School of Medicine, which have major campuses in the city.

Photograph By PAUL CHOUY

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Edinburg’s retail economy for November 2017 registered an 8.49 percent improvement – one of the Valley’s best figures – over November 2016

Featured, from left: Elva Jackson Garza, Member, Board of Directors, Edinburg Chamber of Commerce; Mayor Richard Molina; Julio César Carranza, Member, Board of Directors, Edinburg Economic Development Corporation; Alex Ríos, Chairman, Board of Directors, Edinburg Chamber of Commerce; and Jacob De León, Immediate Past Chairman, Board of Directors, Edinburg Chamber of Commerce. These city leaders were participating in a grand opening of a local business during Fall 2017.

Photograph By RONNIE LARRALDE

Edinburg’s retail economy in November 2017 showed one of the best improvements among the Valley’s largest cities, generating more than $1.6 million in local sales taxes for that month, an increase of 8.49 percent over November 2016, the Edinburg Economic Development Corporation has announced. 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. The local sales tax is also used in Edinburg to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city. For November 2017, Edinburg’s retail economy produced $1,652,449,46 in local sales taxes, compared with $1,523,109.54 in November 2016, representing an increase of 8.49 percent. In terms of local sales tax revenue for November 2017, McAllen led all major Valley cities with $5,010,846.63, while Brownsville was second ($3,051,584.55), Harlingen was third ($1,922,065.33), and Edinburg was fourth ($1,652,449,46). 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). he Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro-Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda, Ph.D. as Members.

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Edinburg EDC: City retail economy produced $20.9+ million in local sales taxes during annual period of November 2016 through October 2017

Featured: Honoree recipients at the 85th Annual Edinburg Chamber Installation Banquet, which was held on Wednesday October 25, 2017 at Memorial Events Center. From left: Elva Jackson Garza, Member, Board of Directors, Edinburg Chamber of Commerce (Edwards Abstract and Title Co.); Letty González, President, Edinburg Chamber of Commerce; Jacob De LeónImmediate Past Chairman, Board of Directors, Edinburg Chamber of Commerce (Memorial Funeral Home); Manuel N. Cantú, Jr. 2017 Edinburg Man of the Year (Rio Valley Realty); E. Linda Villarreal, MD, 2017 Edinburg Woman of the Year (Memorial Medical Clinic); Pat Barrientos, 2017 Edinburg Chamber Ambassador of the Year (Edinburg Executive Center); Gabriel Espinoza, Jr., 2017 Edinburg Fireman of the Year; Martín Martínez, 2017 Leadership Award (City of Edinburg Parks and Recreation Department); and Alex Ríos, Chairman, Board of Directors, Edinburg Chamber of Commerce (Kids’ Kollege Learning Center and the Office of State Representative Terry Canales, District 40). These business and community leaders were honored for their achievements and dedication to the region.

Photograph By RONNIE LARRALDE

Edinburg’s retail economy from November 2016 through October 2017 has generated more than $20.9 million in local sales taxes, compared with more than $21.1 million for the same 12-month period the previous year, the Edinburg Economic Development Corporation has announced. 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. 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). From November 2016 through October 2017, Edinburg’s retail economy produced $20,934,767.43 in local sales taxes, compared with $21,171,250.82 for November 2015 through September 2016, a decrease of 1.11 percent. The year-to-date figures, which under the reporting system used by the Texas Comptroller of Public Accounts, begin in November of each year and end in October of the following year. For October 2017, Edinburg’s retail economy produced $1,624,490.61 in local sales taxes, compared with $1,644,571.30 in October 2016, representing a decrease of 1.22 percent. The local sales tax is also used in Edinburg to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city. The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro-Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Farías as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noé Sauceda, Ph.D. as Members.

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Edinburg EDC: Retail economy generates more than $19.3 million in local sales taxes between November 2016 and September 2017

Featured: University of Texas Rio Grande Valley student Brandon Lau talks about his group’s research project with Robert Kaplan, President and CEO of the Federal Reserve Bank of Dallas, during the Border Economic Development and Entrepreneurship Symposium (BEDES) hosted by UTRGV, the Federal Reserve Bank of Dallas-San Antonio Branch, and the McAllen Chamber of Commerce. The symposium was held Friday, December 1, 2017 at the Embassy Suites in McAllen. The Edinburg Mayor and Edinburg City Council, along with the Edinburg Economic Development Corporation and its Board of Directors, lobby the Texas Legislature and the UT System Board of Regents on matters that benefit and protect UTRGV and its School of Medicine, which have major campuses in the city.

Photograph By PAUL CHOUY

Edinburg’s retail economy from November 2016 through September 2017 has generated more than $19.3 million in local sales taxes, compared with more than $19.5 million for the same 11-month period the previous year, the Edinburg Economic Development Corporation has announced. 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. The sales tax, formally known s 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% (0.825). From November through September 2017, Edinburg’s retail economy produced $19,310,276.82 in local sales taxes, compared with $19,526,679.52 for November 205 through September 2016, a decrease of 1.10 percent. The year-to-date figures, which under the reporting system used by the Texas Comptroller of Public Accounts, begin in November of each year and end in October of the following year. For September 2017, Edinburg’s retail economy produced $1,963,990.26 in local sales taxes, compared with $1,933,808.59 in September 2016, representing an increase of 1.56 percent. The local sales tax in Edinburg is also used to help pay for many city services, while the Edinburg Economic Development Corporation uses its one-half cent local sales tax to help generate economic development in the city. The Edinburg EDC is the jobs-creation arm of Mayor Richard Molina, Mayor Pro Tem David Torres, Councilmember Homer Jasso, Jr., Councilmember Gilbert Enríquez, and Councilmember Jorge “Coach” Salinas. The Edinburg EDC Board of Directors is comprised of City Councilmember Gilbert Enríquez as President, Edinburg School Board Trustee Miguel “Mike” Salinas as Vice-President, Isael Posadas, P.E., as Secretary/Treasurer, and Julio César Carranza and Noe Sauceda as Members. 

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Edinburg EDC: Retail economy has produced almost $6.9 million in local sales taxes in past four months, ahead of same period the previous year

Featured: Students and faculty from the University of Texas Rio Grande Valley in February 2017 won numerous awards for creative excellence at the American Advertising Federation (AAF)-Rio Grande Valley ADDY awards competition. Shown, front row, from left, are: Ping Xu, UTRGV Assistant Professor of Graphic Design; and UTRGV students Richard Guzmán; Alexandra González; Jacqueline Maldonado; and Arael Meza. Back row, from left: Samuel Hernández; UTRGV Art Lecturer Erika Balogh; Mónica Lugo; Julio Aranda; Mariana Zapata; and Robert Gilbert, Associate Professor of Graphic Design. The Edinburg Mayor and Edinburg City Council, along with the Board of Directors of the Edinburg Economic Development Corporation, lobby the Texas Legislature and the UT System Board of Regents on behalf of UTRGV in Edinburg and the UTRGV School of Medicine in Edinburg.

Photograph Courtesy of MARCI CALTABIANO

Between November 2016 and February 2017, Edinburg’s retail economy remained ahead of the same period the year before, up 0.63 percent, based on local sales taxes generated, the Edinburg Economic Development Corporation has announced. For the month of February 2017, the city’s retail economy was slightly behind the pace set during the month of February 2016 – registering a slight drop of 1.08 percent – with almost all of the other Valley communities also reporting decreases in local sales taxes generated from the same month the prior year. From November 2016 through February 2017, Edinburg’s retail economy produced $6,888,933.94 in local sales taxes, compared with $6,845,130.80 for November 2015 through February 2016, an increase of 0.63 percent. For February 2017, Edinburg’s retail economy produced $1,543,532.91 in local sales taxes, compared with $1,560,406.24 in February 2016, representing a decrease of 1.08 percent. 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 Rupert and Dr. Peter Dabrowski as Members. Mayor Richard García and Edinburg EDC Executive Director Agustín García, Jr. are not related.

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