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Edinburg EDC Director Agustín García, Jr. reports that city’s strong economic growth and local governments’ financial integrity help community qualify for one of nation’s best bond ratings for investors

Image Courtesy RGV FC TOROS

Featured: An artist’s rendition of the 9,700-seat RGV FC Toros Stadium, located on 1616 South Raúl Longoria Road in Edinburg, one of many symbols of economic growth in the city. On Thursday, July 21, 2016, a press conference will be held beginning at 9 a.m. at the amphitheater, located on the park side of the professional sports complex, to announce the naming rights for the venue.

Image Courtesy RGV FC TOROS

The city’s continuing strong economic growth and the strategies by its elected leaders to protect taxpayers and manage public funds have resulted in one of the nation’s best bond ratings for investors, sending a strong message nationwide that the future remains bright for people to live, work and do business in Edinburg. The ratings, which were released on Monday, July 11, 2016, focused on several bonds previously issued by the city and the Edinburg EDC. Fitch Ratings upgraded those bonds to “AA”. “The improved ‘AA’ ratings mean that the Mayor, City Council, and Edinburg EDC Board of Directors, through their policies and actions, continue to demonstrate their excellence in helping shape an economy that means more good-paying jobs, a great environment for businesses of all sizes, and a high quality of life for our community,” said EEDC Executive Director Agustín García, Jr.

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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).

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Concealed handguns at UTRGV, trademark agreement with Doctors Hospital at Renaissance, and new Ph.D program tied to SpaceX set for action this week by UT System Board of Regents

Photograph By PAUL CHOUY

The University of Texas Rio Grande Valley Chapter of the American Marketing Association recently earned awards at the AMA shown here with their awards from the AMA annual competition in New Orleans. Featured, from left, are Eric Rodríguez, Saydahli Mejía, Julio Salinas, Óscar Ramos, David Pérez, Fabiola Cortés, Fuad Chagollán, Jolene Arellano, Martín Nievez, Ángela López, Albert Adame and Alexandra García. The AMA Collegiate Case Competition is an annual, international contest open to undergraduate teams at schools that have an affiliated AMA Collegiate Chapter. The purpose of the competition is to provide AMA Collegiate members an opportunity to work together on a problem that illustrates a real marketing situation, and to provide competition sponsors direct contact with marketing students who have possible real-world solutions to a marketing problem.

Photograph By PAUL CHOUY

Where and when concealed handguns may be carried at The University of Texas Rio Grande Valley, allowing Doctors Hospital at Renaissance to use trademarks of UTRGV’s School of Medicine, and creating a new Ph.D program to take advantage of the coming creation of the SpaceX launch site are among key items that will be taken up on Wednesday, May 11 and Thursday, May 12, 2016, by the UT System Board of Regents, the Edinburg Economic Development Corporation has announced. The EEDC, 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.

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Project Domain, city’s soccer park to be reviewed in open session at City Hall on Tuesday, April 26 during monthly meeting of Board of Directors of the Edinburg Economic Development Corporation

Photograph Courtesy MARCI CALTABIANO

About 300 11th-grade high school students and their fathers and/or mentors from throughout South Texas participated in the Together in Educational Success (TIES) conference at the University of Texas Rio Grande Valley in early April. The Edinburg Economic Development Corporation, along with the City of Edinburg, promote the best interests of UTRGV and the UTRGV School of Medicine though its extensive legislative lobbying efforts before the UT System Board of Regents, the Texas Legislature, and Congress.

Photograph Courtesy MARCI CALTABIANO

Possible action on several current and new job creation strategies being considered by the Board of Directors of the Edinburg Economic Development Corporation will take place beginning at noon on Tuesday, April 26, 2016 in the Council Chamber at Edinburg City Hall, the EEDC has announced. The two items scheduled to be deliberated in open session are interlocal agreements with the City of Edinburg regarding Project Domain and the city’s soccer park. In executive session, the following issues will be reviewed: Project Urban; Project Grindstone; the monumentation at the North Industrial Park; Project Square; Project Quest; and a development agreement with VICA Enterprises, L.P.

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Executive Director Gus García reports favorable independent audit for Edinburg Economic Development Corporation

Photograph By DIEGO REYNA

Featured: Agustín “Gus” García, Jr., Executive Director, Edinburg Economic Development Corporation, on Friday, September 25, 2015, participates in a panel discussion during the Inno’2015 Transportation Innovation Conference sponsored by South Texas College at its Technology Campus Atrium in McAllen.

Photograph By DIEGO REYNA

The financial statements and practices of the Edinburg Economic Development Corporation meet the highest standards that help ensure citizens and the public that the EEDC is properly managing its programs and services, according to an independent audit released on Tuesday, March 22, 2016. The EEDC, which is led by Executive Director Agustín “Gus” García, Jr., is the jobs-creation arm of the Mayor and Edinburg City Council. The audit, which is required by state law, was conducted by Noel Garza, CPA, who has been under contract with the EEDC for the previous five years to perform the financial review. His detailed work, which is available by requesting a copy from the EEDC, covers the fiscal year 2014-2014 activities of the EEDC.

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