From 2009 to 2011 the healthcare and bioscience industries in San Antonio grew by nearly $5 billion according to a new report by doctors Richard Butler and Mary Stefl from Trinity University.
The study shows the comprehensive impact in 2011 was $29.2 billion, up from $24.5 billion in 2009. Butler said that more than 40,000 new jobs have been added over the past decade to those industries, fueling the city's growth.
The state attorney general’s office has announced a settlement in a 5-year, 33-state fraud investigation of the Pfizer drug company. The pharmaceutical company will pay almost $43 million to the 33 states for its unlawful marketing of two antibiotic drugs and claiming that its brand name drug was superior to a generic equivalent.
Texas will receive $3.9 million in the settlement.
Although San Antonio isn't directly a part of drilling and extraction activities of the Eagle Ford Shale, it is one of the many communities benefiting from the injection of economic power.
According to a new report by the San Antonio Economic Foundation, road damage caused by trucks traveling to and from the Eagle Ford Shale drilling sites is a big challenge for Bexar County and the City of San Antonio. The report recommends infrastructure planning during the next legislative session.
At the American Wind Energy Association Conference last week, Jimmy Glotfelty, co-founder of Clean Line Energy, said that government incentives are still needed at least for five more years to foster development of wind projects.
The federal tax credit that helped make Texas the leader in wind power expires at the end of year. Some people in the wind energy industry seem resigned to the possibility that even if Congress renews the credit, the days of such breaks are nearing an
If President Obama and Congress fail to reach a deal on tax and spending changes, the nation would feel a lot of fiscal pain. But it also may benefit from the long-term fiscal restraint that would come from keeping tax hikes and spending cuts in place.
Originally published on Fri December 7, 2012 11:11 am
It wouldn't be the worst thing that could happen to the country.
If President Obama and Congress can't come to agreement on new tax and spending policies by the end of year, the U.S. could slip into recession, defense and domestic programs will see damaging cuts, and the American people may become convinced that Washington can't govern the nation.
On the other hand, the lack of a deal would do a lot to help erase the federal deficit.
Enrique Peña Nieto, the newly-elected president of Mexico, takes power on Saturday and inherits a nation that is suffering from a long-running conflict against drug traffickers and an economy that is improved but still anemic. On this side of the border, Mexico watchers are hoping Peña Nieto will be the pragmatic problem solver that he promised during his presidential campaign.
Bexar County is offering classes to help certain small construction businesses get a leg up in securing contracts for new business or increasing their business.
The program is being offered to help the small construction industry business learn about the bonding process for contractors. The information offered can help businesses overcome industry challenges to help them gain surety bonds or increase their current bonding capacities.
The program is free to owners of construction-related businesses that meet minimum size, sales, and activity criteria.