When Roth IRAs were created in 1997, they were an exciting new idea. They provided a way to make after-tax contributions that could, under certain conditions, grow entirely free of federal income taxes. Prior to that, traditional IRAs worked basically the other way around — you could make deductible contributions, but distributions would be fully taxable. The law also allowed taxpayers to “convert” traditional IRAs to Roth IRAs by paying…
New store offers stringed instruments, lessons A Valley Symphony Orchestra viola player has opened a new business in Harlingen to share his love of stringed instruments. The Harlingen Chamber of Commerce hosted a ribbon cutting and grand opening on July 13 for Cremona House, the venture started by 29-year-old Miguel Gutierrez. The name comes from the Italian city in the Lombardy region known for its tradition of violin-making. Cremona House…
What influence does an inspirational speech about company mission and vision from a CEO have on the ethical behavior of employees? According to the research, a great deal. Transformational leadership, the practice of influencing the behavior of others to implement monumental change and new direction using a synergistic style of engagement and team building, is highly touted for its positive results. Mention just a few role models of transformational leadership…
VBR launches new website and e-Brief The all new Valley Business Report site launched July 7, and all we can say is you have to see what we have in store for our readers. You’ll want to visit ValleyBusinessReport.com daily, possibly multiple times daily, to see new stories of regional economic development news plus a whole lot more. And you will now find VBR all over social media, including LinkedIn,…
Local assistance for small businesses It is exciting when a new business opens in the Rio Grande Valley, and we LOVE it because it strengthens both the community and the economy. The latest U.S. Small Business Administration Office of Advocacy stats show small firm openings have accounted for 40 percent of the “new” American jobs over the last two decades. During the first quarter of fiscal 2017, SBA approved 31…