economy

Texas Business
4:16 pm
Mon March 3, 2014

Dallas Lawmaker Makes Play To Land Tesla "Gigafactory"

Tesla Model S.
Ryan Poppe TPR News

Despite some setbacks last legislative session, state Rep. Jason Villalba, R-Dallas, is hoping to persuade the owner of Tesla Motors to come to Texas for another business endeavor. While it might not be as sexy as being able to sell the luxury electric car, people need batteries to make them run.

Last legislative session, Tesla Motors owner Elon Musk was regularly seen around the state capitol trying to convince state lawmakers and the Texas Automotive Dealers Association to allow him to sell his $90,000 electric cars in Texas.

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The Source - March 3, 2014
12:34 pm
Mon March 3, 2014

The Source: Dueling Plans & Shortfall Scares, San Antonio's Water Future

Flickr user 12fh cc

A study paid for by the San Antonio Chamber of Commerce details the impacts of water shortages on the city's future growth. Jobs, spending, migration are all affected drastically if the city continues to grow without making proper accommodations, argues the study.

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The Source - March 3, 2014
11:11 am
Mon March 3, 2014

The Source: Big Bitcoin Comes To Texas

Wikimedia Commons user CASASCIUS cc

Bitcoin, the digital currency, is still a little mysterious to most people. The peer-to-peer payment network can be earned by "mining," or maintaining critical infrastructure for the network, as well as through goods, services and traditional currencies. A federal judge in Texas recently ruled bitcoins are money.

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Texas Water
10:14 am
Mon March 3, 2014

The Link Between Long-Term Water Needs And San Antonio's Economic Future

Lingering drought conditions have city leaders considering long-term water needs. Medina Lake on Jan. 31, 2013, a victim of continued drought conditions.
Flickr user jwhippy cc

San Antonio Water System officials are in talks to find a supply of water in addition to the Edwards Aquifer to meet growth demands over the next few decades.

The San Antonio Chamber of Commerce has joined the discussion with a new study, the Impact of Potential Water Shortages on San Antonio’s Economy, which illustrates the link between long-term water needs and San Antonio’s economy.

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Small Business
2:18 pm
Fri February 21, 2014

Accion Texas Says Small Business Lending Is Up

In another sign of a recovering economy, larger loans to new small businesses are on the rise.

Acción Texas, Inc. has announced its best fourth quarter to date for Small Business Administration 504 lending. The nonprofit small business lender this week announced its SBA 504 lending division had a record fourth quarter of $12.9 million in loans, a figure 77 percent higher than the previous year.

Bob Schraitle, vice-president of the 504 division, credits several factors, including pulling out of the recession, for the marked increase in new loans.   

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Fronteras Desk
11:22 am
Wed February 19, 2014

Obama's Trade Trip To Mexico Focusing On Economics & Investment

President Barack Obama is in Mexico today for a day of trade talks with the other North American Free Trade Agreement partner nations. But while the expectations are low for the summit, the stakes remain ever high.

This is the seventh time that the three leaders of the NAFTA nations have gathered for a summit. This time Mexican President Enrique Peña Nieto is hosting in Toluca with President Obama and Canadian Prime Minister Stephen Harper attending.

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Fronteras Desk
1:55 pm
Fri January 31, 2014

Costly Reforms To Prevent Racial Profiling By Joe Arpaio's Office

Opponents of Maricopa County Sheriff Joe Arpaio briefly gathered in the lobby of the sheriff's office in early January in protest of his record.
Jude Joffe-Block Fronteras

Fronteras: Long-awaited rail connection linking large Mexican ports in Sinaloa and Michoacan to Texas will break ground in 2015. Arizona’s Maricopa County Sheriff’s Office is under a court order to prevent racial profiling. By some measures, Mexico might have some of the fastest Internet speeds in Latin America, but for Tijuana's ambitious tech entrepreneurs and aspiring professional gamers, it's still painfully slow.

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Fronteras Desk
2:53 pm
Thu January 30, 2014

Labor Secretary: Immigration Reform Critical For Economic Recovery

Immigration reform, while not at the forefront of President Barack Obama’s State of the Union address, is believed by some members of the administration to take shape this year.

Labor Secretary Thomas Perez said he believes an altered migration system could shape the country’s labor force for the better.

Immigration reform got a hearty nod from Obama during his speech. The president went as far as to say it would shrink deficits by $1 trillion in the next two decades.

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The Source - January 30, 2014
12:34 pm
Thu January 30, 2014

The Source: Hungry Kids Don't Learn | A Changing Texas Brings Big Challenges

Students at Washington-Lee High School select their breakfast of Scrambled Eggs and Biscuits, on Wednesday, October 19, 2011 prepared by Arlington Public Schools.
USDA Photo by Bob Nichols

In the first segment:

Texas students are coming to class hungry, an estimated 1.5 million kids across the state participate in breakfast in the classroom programs. Texas requires any district with over 10 percent of kids qualifying for free and reduced lunches to offer breakfast as well, and the results are fed kids who can concentrate on their work. 

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Business
10:00 am
Thu January 30, 2014

Valero Reports Spike In 4th Quarter Earnings, Attributes Increase To End Of Recession

Eileen Pace TPR News

San Antonio-based Valero Energy is reporting a 28 percent increase in its fourth quarter earnings, and officials say the nation’s oil industry is healthier as a whole now that the recession is coming to an end. 

Valero Wednesday reported an increase of $1.3 billion dollars over the fourth quarter earnings of 2012. 

Vice-President of Media and Community Relations Bill Day said the company is starting to see steady increases now, in part due to the end of the recession.

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