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San Antonio Economic Development Foundation

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.

City of San Antonio

Slides at the front of a decorated gymnasium inside the Mission Concepción Sports Complex give guests an idea just how many visitors are coming to San Antonio.

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.

Eileen Pace / Texas Public Radio

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.

Texas Workforce Commission

The seasonally adjusted unemployment rate in Texas fell to 6.8 percent in September, down more than one point from last year.

Andres Alcantar, chairman of the Texas Workforce Commission, said the Texas economy has been showing steady job growth for the past two years and seven major industries expanded in September.

"The highest growth came from the Professional and Business Services industry, which grew by 13,600 jobs in September. This industry has added 47,200 jobs over the past year," Alcantar said.

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