San Antonio Mayor Julián Castro is not finished jet-setting following the elections. He will now head to Great Britain to talk to politicians, business leaders and top government officials in hopes of strengthening business relationships.
As an invited guest of the British government, Castro’s main mission is economic development.
The new year is only two months away and the city’s economic development leaders are thinking about what challenges and opportunities await in 2013. This week, the city’s Economic Development Foundation presented an action plan to the council committee that looks closely at economic progress in San Antonio.
"We want to be successful,” said the foundation’s president, Mario Hernandez. “What better way to be successful than to establish high goals for economic development?” he asked.
Tourism brings in over $10 billion per year, and one out of every eight employees in San Antonio work in the industry. City leaders figured that's a lot of San Antonians greeting a lot of guests, so they adopted a program to help prepare those who are most involved with visitors.
Another study looking at how income compares to housing prices in the 25 largest cities in the United States shows how even in San Antonio, which is in the bottom five lowest income cities, the lower income levels mean many families can't afford median priced homes. The Interest.com study shows that San Antonio's median income falls below the income required to purchase a median priced home, but only slightly. This .55 percent difference earns San Antonio a C- in the Income.com study. -------------------
Just to compare, Detroit is also in the bottom five cities with the lowest income and finds itself in a much better position because of how the median income compares to the price of a median priced home. The percent that Detroit's median income exceeds the income required for a median priced home is 45 percent.
A median-income household can only afford a median-priced home in 14 of the nation's 25 largest metropolitan areas Atlanta, Detroit and Minneapolis-St. Paul are the most affordable cities, according to Interest.com's first Home Affordability Study. San Diego, New York and San Francisco are the least affordable.
San Antonio Mayor Julián Castro and CPS-Energy are responding to a CNN news story about a solar energy deal that casts the political rising star in a negative light.
When Mayor Julian Castro stepped onto the stage of the Democratic National Convention he was also stepping into a more critical arena of national politics where nearly every move is scrutinized.
And on Friday, a story on the CNN program "Erin Burnett’s Out Front" covered a CPS-Energy solar energy deal that Castro was involved in that went to a South Korean company and not a company in the United States.
Drivers looking for a bargain will want to buy gas in San Antonio this week. AAA reports that prices fell a nickel per gallon in the Alamo City, more than the decrease statewide. A gallon of gas is averaging $3.46 in San Antonio, comparing to the national average of $3.74 per gallon and the statewide average of $3.51.
Nationwide Insurance is opening a new green building in San Antonio near Sea World with the hopes of hiring an additional 500 employees in the coming years.
Nationwide previously had four call centers in San Antonio. Now the insurance provider is opening a single 280,000 sq ft. building for its 1,400 San Antonio employees. Regional Vice President Terrance Williams says the company chose to stay in San Antonio due to a friendly business climate and the skills job seekers here have to offer.
San Antonio small business owners and new entrepreneurs don’t have to go it alone. UTSA’s Small Business Development Center works with 35,000 businesses each year, and has now realized an important step in creating a network of trading partners up and down the Western Hemisphere.
Halfway between San Antonio and Laredo on I-35 is the town of Cotulla. In the middle of the harsh South Texas brush country, the county seat of La Salle County has been struggling for decades – but not these days.
Cotulla is a thriving. Big trucks are everywhere hauling miles of pile, gravel and fracking sand for oil rigs that have popped up to cash in on the Eagle Ford Shale oil and natural gas boom.