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News Releases

Rio South Texas Economic Council Members Participate in Two-Week Corporate Location Assessment With Hopes Of Visioning “One Place With the One Voice"
Sofia Hernandez
June 19, 2009 marks the end of a two-week tour of sites in the Rio South Texas region that could fit industries looking for the next great place to do business. read more >

Edinburg Winning Back Local Customers
Jared Janes
To keep its residents shopping locally, the Edinburg Chamber of Commerce and the city's economic development corporation set out a plan to get residents to visit small businesses and to offer more retail options to entice residents to stick around.

In the five years since the study, the city's results are reflected in annual sales tax revenues that have grown nearly $5 million, a similar pace in percentage increase to both McAllen and Mission.

But in the year since a retail development opened off Trenton Road — a byproduct of the city's attempts to expand its retail options — Edinburg has bucked a national trend of falling sales tax revenues.

As sales tax revenues in Hidalgo County wither during the worst recession in decades, Edinburg has pulled in 13 percent more this year so far than it did by this point last year.

Retail king McAllen, still dominant in sheer volume, has seen its sales tax revenues fall by 6 percent thus far this year. Mission is down 2 percent and Pharr's revenues declined 6 percent.
read more >

Doctors Hospital At Renaissance Designated Texas Enterprise Zone
Doctors Hospital at Renaissance, located at 5501 South McColl Rd., has been reviewed, approved, and designated as a Texas Enterprise Zone after being nominated by the Edinburg Economic Development Corporation. The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. A capital investment of over $50 million will create 500 jobs. The Texas Enterprise Zone Program requires that 25% of the projects new employees be economically disadvantaged individuals or enterprise zone residents. Enterprise zone residents include anyone who lives with in the city limits of Edinburg and in an economically distressed area. Once the initial capital investment is expended, the project may be eligible for a maximum refund of $1,250,000.00. read more >

EEDC Announces Continued Growth in the City
Ramiro Garza, Jr., Executive Director of the Edinburg Economic Development Corporation, reports that Edinburg has generated $1,175,551.78 in sales tax revenue for the month of May 2009. This amount is up 21% from the same month in 2008. Year-to-date, Edinburg has collected $ 7,662,075.65 in sales tax revenue. This amount is up 13.2% from the same time last year.
read more >

News File

Economic Indicators for the Month of April 2009
EEDC
Edinburg Economic Development Corporation’s Executive Director, Ramiro Garza Jr., reports that Edinburg has generated over $1.35 million in local sales taxes for the month of May, 2009. This figure is up 3% compared to $1,314,030.20 that was generated in the same month in 2008. read more >

New Industrial Park Tenants to Bring Jobs to City
Joey Gomez
Edinburg will receive four new additions to its Renaissance Industrial Park by this summer, the Economic Development Corporation has announced.

Three new Mexican manufacturers to the park are set to begin operations by at least mid-June. read more >

News File

Economic Indicators for the Month of March 2009
EEDC
Edinburg Economic Development Corporation’s Executive
Director, Ramiro Garza Jr., reports that Edinburg has
generated over $1.14 million in local sales taxes for the
month of April, 2009. This figure is up 11% compared to
April, 2008. read more >

News File

Ramiro Garza, Jr. Receives Designation of Certified Economic Developer from the International Economic Development Council -Congratulations Ramiro!
Alyssa Chapa
Ramiro Garza, Jr., executive director of the Edinburg Economic Development Corporation, earned the designation of Certified Economic Developer (CEcD), a national recognition that denotes a mastery of principal skills in economic development. read more >

News File

Economic Indicators -November 2008
EEDC

News File

Edinburg EDC Announces Economic Growth for Month of January 2009
Alyssa Chapa
Edinburg Economic Development Corporation’s executive director, Ramiro Garza, reports that Edinburg has generated over $1.19 million in local sales taxes for the month of January 2009. This figure is up 15 % compared to $1,040,411.98 that was generated in the same month in 2008. read more >

News File

Edinburg EDC Announces Economic Growth for Month of December 2008
Alyssa Chapa
Edinburg Economic Development Corporation’s executive director, Ramiro Garza, reports that Edinburg has generated over $1.24 million in local sales taxes mostly in the month of October. This figure is up 23.87% compared to the $1,002,977.19 that was generated in the same month in 2007. read more >

July construction in Edinburg passes $7.8 million, helping push year-to-date total above $62 million
DAVID A. DÍAZ
Total construction activities in Edinburg in July 2008 was more than $7.8 million, slightly more than the same month last year, and bringing to year-to-date total to more than $62 million, the Edinburg Economic Development Corporation has announced. read more >

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