Category Archives: e-Brief Features

How to Establish Business Credit for the First Time

Access to cash and credit is a business’s lifeline. Business credit allows a company to borrow money for purchasing products or services. It is based on the trust that payment will be made in the future. Why establish business credit? For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also…

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Edinburg Chamber Honors Local Leaders

Jennifer Garza, Bay and Thelma Rex, Janet Vackar, Michael Luna, Agustin Lozano Jr. and Edinburg Chamber of Commerce Interim Executive Director Ronnie Larralde

The Edinburg Chamber of Commerce recently held its 86th annual awards banquet with more than 150  local business and community leaders in attendance. Receiving recognition were the 2018 Man and Woman of the Year Robert and Janet Vackar of Bert Ogden Auto Group. “We want to thank the Vackars for their endless efforts not only to the Edinburg community but to the entire Rio Grande Valley,” said Interim Executive Director Ronnie Larralde.…

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Texas Unemployment Rate Hits Historic Low

unemployment down

Texas’ seasonally adjusted unemployment rate fell to 3.7 percent in October, down from 3.8 percent in September 2018. This is the lowest level since the state unemployment data series began in January 1976. In addition, the Brownsville-Harlingen MSA fell to 5.2 percent, down .7 from September and .8 from October 2017. McAllen-Ediburg Mission also posted low numbers at 5.5 percent. This is down from 6.2 percent in September and 5.9 percent…

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Oil and Gas: How Important Is It In the RGV?

The oil and gas industry in Texas is leading the nation. But just how is this booming industry powering the Rio Grande Valley? Statewide leaders, local representatives and industry advocates will answer this question and more at the Texas Oil and Gas Association Energy Summit Dec. 5 in Pharr. Speakers are set to address how important the industry in the region is to community success. The luncheon and discussion will…

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The Current State of U.S./Mexico Relations

The future economics between the United States and Mexico will be very interesting. All eyes will be on future trade relations, especially after Dec. 1 due to incoming president Andres Manuel Lopez. With current rocky trade relations between the United States and China, Mexico has plenty to gain under the new NAFTA terms. On Nov. 9, Duncan Wood, director of the Wilson Center’s Mexico Institute, spoke at the McAllen Performing…

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Kauffman Coming to SPI

A limited amount of spots are open for the upcoming Kauffman FastTrac starting in January in South Padre Island. The NewVenture program provides tools to both develop business concepts and successfully launch a business. To be held at the Port Isabel Events and Cultural Center as well as the South Padre Island Birding and Nature Center, the seven sessions encompass facilitated instruction. Students in the program identify market needs, understand business…

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RGV College Welcomes New Nursing Program

Rio Grande Valley College in Pharr is now offering a new Associate Degree in Nursing LVN to RN Bridge Program. Pharr Mayor Dr. Ambrosio Hernandez and RGV College CEO Annabelle Palomo joined together in the public announcement, confirming the approval from the Texas Board of Nursing. “Congratulations to RGV College, we are excited about this announcement that will offer students more opportunities to seek healthcare careers here in the Rio Grande…

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RGV Celebrates Veterans Small Business Week

This week is the U.S. Small Business Administration’s National Veterans Small Business Week, highlighting the different facets of the veteran business community. Locally, the Lower Rio Grande Valley office of SBA is in the middle of the celebration, offering events, many of which take place in the next days. This year’s theme, “Our #VetBiz Community,” showcases the various facets of the veteran business community, ranging from the prospective or existing veteran…

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Training grant to benefit local small businesses

Weslaco EDC Check Presentation

Custom training for local small businesses is the focus of a Weslaco EDC grant. The $100,000 grant will fund South Texas College in providing training in retail, manufacturing and logistics through Sept. 30, 2019. A ceremonial check presentation took place Nov 1 for the partnership to increase both high skill and high wage jobs in the Mid-Valley region. “Workforce training is one of the biggest negotiators in today’s economic projects,”…

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McAllen Businesses Provide Apprenticeships

Youth Apprenticeship Program (photo STC)

On Oct. 31, South Texas College, the McAllen Chamber of Commerce and McAllen Independent School District’s Youth Apprenticeship Program held a ceremonial signing of registered apprenticeship agreements and work contracts for high school juniors and seniors. “This program is really where the future is headed in developing talent in our community,” said Steve Alenius, president/CEO of the McAllen Chamber of Commerce. “I’m really excited about the commitment our business community has…

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