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Deep South Texas’ first IMAX theater coming to Edinburg; city’s March 2016 retail economy shows 8.04 percent improvement over March 2015 figure

Photograph: pocket-lint.com

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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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.

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Edinburg unemployment rate for January 2016 comes in at 4.8 percent; 2015 annual figure of 5.1 percent best in city since 2007

Photograph By DIEGO REYNA

Featured: Ellie Torres, Secretary/Treasurer for the Board of Directors of the Edinburg Economic Development Corporation, earlier this year in the Council Chamber of Edinburg City Hall.

Photograph By DIEGO REYNA

Edinburg’s unemployment rate for January 2016 of 4.8 percent kept pace with McAllen and its Valley-leading 4.7 percent showing for the same month, and marked the sixth time since January 2015 that Edinburg’s monthly unemployment rate was under five percent, the Edinburg Economic Development Corporation has announced. In addition, the annual unemployment rate in Edinburg for 2o15 was 5.1 percent, the best performance for the city since 2007, when the annual figure came in at 4.7 percent. Edinburg’s latest showing was better than the U.S. unemployment rate for January 2016, which was 4.9 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS14000000).

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Edinburg’s August 5.1 percent unemployment rate is city’s best showing for that month since 2007, almost 35,000 people employed, says Edinburg Economic Development Corporation

Edinburg City Councilmember J.R. Betancourt and fellow Councilmember David Torrres celebrate the ongoing success

Featured, from left: Edinburg City Councilmember J.R. Betancourt and fellow Councilmember David Torres celebrate the ongoing successes of their hometown’s economy following the State of the City Address delivered by Mayor Richard García at the Edinburg Municipal Auditorium State on Wednesday, May 27.
Photograph By MARK MONTEMAYOR

In the most recent showing of jobs in the city, Edinburg’s unemployment rate for August 2015 was 5.1 percent, the best performance for that month for the city since August 2007 (five percent), the Edinburg Economic Development Corporation has announced, noting that almost 35,000 people were employed in the city. 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 Ruppert as Members. 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 August among the Valley’s major economies. The city’s latest unemployment rate was the same as than the U.S. unemployment rate for August 2015, which also came in at 5.1 percent, according to the U.S. Department of Labor, Bureau of Labor Statistics (http://data.bls.gov/timeseries/LNS14000000). Edinburg’s August 2015 figure of 5.1 percent continues a year-long pattern of positive reports: July (5.4 percent); June (5.1 percent); 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 August 2015 unemployment rate of 5.1 percent remained close to the Texas statewide average, which was 4.4 percent in August, 4.6 percent in July, 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 217 jobs in Edinburg when comparing the employment figures for August 2015 and August 2014. In August 2015, there were 34,908 persons employed in Edinburg, compared with 34,691 in August 2014. The August 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. 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. In a related development, individuals interested in a job with the City of Edinburg have several options available in order to submit an electronic job application beginning on Monday, October 5. Effective as of that date, The City of Edinburg Human Resources Department will no longer accept paper job applications. Applicants will now have the convenience of online access and will no longer need to stop by City Hall for an application. This new policy will also minimize paper waste and streamline service for more expedited processing. Find the online link to apply on the City of Edinburg homepage at http://www.cityofedinburg.com. Applicants are also able to use mobile devices to access the online job form. Spanish speakers may select the option to utilize the Google translate function. Applicants without Internet access are advised to use computers available at the Dustin Sekula Memorial Library, 1906 S. Closner, or the Human Resources Department in City Hall at 415 W. University Drive. City Hall is open Monday through Friday from 8 a.m. to 5 p.m. The library is open Monday through Thursday from 8 a.m. to 9 p.m.; Fridays from 8 a.m. to 5 p.m.; Saturday from 11 a.m. to 3 p.m. and Sunday from 1 p.m. to 5 p.m. The Edinburg city government is a significant economic force in the community, with a 700-member staff and a $100 million operational budget. Potential applicants may call the City of Edinburg Human Resources Department at 956/388-1873 with questions or for more information.

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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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