Texas Border Business
The entertainment industry is one of the most challenging industries that I know. During my years in the radio business, I met many event promoters who sometimes lost their shirts because there were no spectators. I knew others who were always successful, but even they had on shows where it was just a break-even event.
The City of McAllen has managed to put together a winning team. There are many components, from municipal leadership, an efficient work team, and a dreamer, an entrepreneur, the one with ideas, which for many are impossible to achieve. Still, for entrepreneurs, it is like just taking one step forward. That’s Joe Vera, the one with a “Don” to dream, create, lead, and execute. In this issue of Texas Border Business, learn more about Joe Vera and the City of McAllen team’s plans for the upcoming parade in December 2022. Read the full story inside.
Great news! Secretary of the Treasury Janet L. Yellensaid,“Today’s announcement is a significant step toward expanding access to the capital and services to rebuild and fuel long-term economic growth.”
The following local financial institutions: AOB Ventures, Lone Star National Bank, MNB Ventures, Rio Financial Services, and South Texas Federal Credit Union, will be receiving the awards from the U.S. Department of the Treasury from the Emergency Capital Investment Program (ECIP), according to Congressman Vicente Gonzalez. Read more inside.
On another note, as the Administration Building’s new addition was dedicated with a ribbon cutting event on September 22, the Port of Harlingen Authority celebrated 70 years in operation.
In its early years, The Port was a terminal for steel, gasoline and fuel oil, ice, fish, and shrimp. Today, The Port still moves refined petroleum products, but has expanded commodities transporting agricultural products, liquid and dry fertilizer, aggregates, and raw sugar. More inside.
More great news, as the property tax rate has been reduced in the city of Edinburg for the first time since 1996,
During this week’s city council meeting on Tuesday, September 6, 2022, the Edinburg City Council adopted a property tax rate of .64 cents, a four-cent reduction from the rate established three years ago, to provide residents with necessary relief among the rising costs of living.
“You have to evaluate what all of the needs are in our city and make sure that we’re attending those needs,” Mayor Garza says. “At the same time, with the way the economy is going, with the rising cost of inflation, people need some relief.” More details inside.
An important note: The Food Bank of the Rio Grande Valley, a member of the Feeding America® network, announced the receipt of a refrigerated truck and a donation of $52,000 to assist with mobile food distributions in the RGV. The Darden Restaurants, Inc. Foundation — the charitable arm of Darden Restaurants — Lineage Logistics, and Penske collaborated on this opportunity to help provide food to neighbors facing hunger.
“Families face hunger in every community across the country; your neighbor, child’s classmate or even co-worker may be struggling to get enough to eat. Darden and the Darden Restaurants Foundation are proud to partner with Feeding America member food banks to address the significant issue of hunger in a tangible and meaningful way,” says Stephanie Ghertner, Executive Director of the Darden Restaurants Foundation. Read the rest of the story inside.