Business

Business
4:05 pm
Mon August 26, 2013

Missouri Radio Station Pulls Gov. Perry's Business Ad

Texas Economic Development Division within the Office of the Governor

Missouri Gov. Jay Nixon is applauding a St. Louis radio station's decision to pull an advertisement from Texas Gov. Rick Perry that is part of his "Texas Wide Open for Business" campaign.

Unlike Perry’s ads in California and New York, many say the Missouri ad is more politically driven.

Said Perry in the ad:

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Banking
9:13 am
Wed August 14, 2013

Merger Announced Between Cullen-Frost And Oil-Rich West Texas Bank

Flickr user Hilton Lieberum cc

One of San Antonio’s oldest banking companies has struck a profitable agreement with one of the largest oil banks in the country.

Cullen-Frost Bankers, Inc., has agreed to pay $220 million in stock and cash in the merger with Odessa-based WNB Bancshares, Inc. Both companies expect benefits to accrue from the deal.

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Oil & Gas Industry
2:31 pm
Fri August 9, 2013

Texas Oil Production Breaking Records

The Eagle Ford Shale region in South Texas.
UTSA

Texas is continuing to produce big numbers in crude oil and natural gas production. The Eagle Ford Shale and West Texas Permian Basin are out producing the high expectations of industry experts.

The U.S. Energy Information Administration released new U.S. crude oil production data for the month of May and Texas, the country's number one oil-producing state, continues to produce energy at a pace that experts are marveling at.

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Business
9:19 am
Fri August 2, 2013

The Rim Avoids Foreclosure With $1 Million Tax Check

Bexar County

The Rim shopping center on the city’s Northwest side has avoided a sticky situation with its retail tenants by writing a $1 million check to Bexar County, which may be the largest single delinquent property tax payment collected in the county’s history.

The high-fashion shopping center on IH-10 draws thousands of shoppers every day, but even with all that money changing hands, The Rim has been in tax trouble for at least four years.

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Economy
1:24 pm
Wed July 31, 2013

San Antonio Economic Development Foundation Touts Job Creation In New Report

Economic report highlights $1 billion continuing impact in San Antonio.
Ryan Loyd TPR

The San Antonio Economic Development Foundation has released its report for 2012, highlighting a $1 billion per year impact to the area as a result of expanded and relocated businesses.

Henry Cisneros, who chairs the board of the foundation, said new jobs being created in San Antonio are in "horizon” sectors, including healthcare and bioscience, new energy, and information technology.

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Business
8:04 am
Wed July 31, 2013

Deal To Build New Children's Hospital In Medical Center Collapses

UT Health Science Center

The deal that would bring a state-of-the-art academic children's hospital to the San Antonio Medical Center has collapsed.

The University of Texas Health Science Center and the Baptist Health System were to work with the Children’s Hospital of Philadelphia (CHOP) to build a new pediatric research and teaching hospital. But word came late Tuesday that CHOP will no longer be participating in the consortium because of competition in Philadelphia between CHOP and another company.

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Local Business
3:44 pm
Tue July 9, 2013

Busted Sandal Brewing Crafting Beer Inroads In San Antonio

Busted Sandals Brewing's tap wall boasts nine taps. Three of them will be used initially with six for planned growth.
Ryan Loyd TPR

Attention San Antonio craft beer lovers: Another local brewer is about to go into production.

Although Busted Sandal is months behind schedule thanks to some minor inspection mishaps and some lagging construction progress, Michael DiCicco and his crew should be churning out three base brews pretty soon: Slippery Rock IPA, El Robusto Porter, and Fire Pit Wit, a non-traditional Belgian-style beer with ginger and grapefruit peel.

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Local Business
10:16 am
Tue July 9, 2013

Small Business Workshops Are San Antonio's "Best-Kept" Business Secret

"Now Open" sign outside a business in downtown San Antonio
Ryan Loyd TPR News

  The UTSA Small Business Development Center is offering a half-day class on Wednesday for people interested in starting a new business.

SBDC Marketing Associate Rebecca Montalvo said the short class offers the first steps for new business ideas – and answers questions people have about getting started:

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Environment and Energy
9:19 am
Thu June 27, 2013

Nexolon Solar Facility To Start First Hiring Wave In September

Nexolon factory sketch
Nexolon America LLC

Nexolon America Wednesday announced the next phase of its solar manufacturing project in San Antonio. The company that broke ground last year expects to 400 employees are expected to be hired beginning in Sept.

Nexolon America is working with the Alamo Colleges to develop a training program for new employees to build 200 megawatts of solar modules per year. Executive Vice-President Scot Arey said the company is expecting to start advertising in about a month for its first wave of hiring.

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Business
9:23 am
Wed June 19, 2013

Price Of Rice Going Up Thanks To Drought And Unseasonably Cool Weather

Rice grown in Texas may be a hot commodity later this year, thanks to the cool weather and irrigation restrictions.
Eileen Pace TPR

The state’s $600 million rice industry could be in jeopardy. A Texas A & M researcher said the drought and cooler temperatures are placing strains on the rice crop for the second year.

Rice farmers need a break from the drought because since 2011 water use has been restricted for crop irrigation in the rice-producing counties of Matagorda, Wharton and Colorado.

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