economy

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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Immigration Reform
9:01 am
Tue June 18, 2013

Texas Business Leaders Unveil Immigration Study That Favors Bipartisan Reform

Richard Morgan Fronteras

A poll sponsored by a bipartisan group of non-profits and industry shows that a majority of Texans support a current immigration reform bill.

The poll was sponsored by the Alliance for Citizenship, Partnership for a New American Economy and Republicans for Immigration Reform.

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Texas Business
11:03 am
Tue June 11, 2013

Gov. Perry Launches Million-Dollar Ad Campaign In New York And Conn.

rickperry.org

Coming off his February trip to California and an Illinois stop two months later, Gov. Rick Perry is taking his business pitch to New York and Connecticut hoping to lure businesses to the Lone Star State.

Starting on June 16 Perry will be showcasing some of the state's finer points for businesses to relocate to the Lone Star State while also visiting the East Coast.

The advertisements  feature various business leaders in Texas and celebrities like former NFL star Emmitt Smith and filmmaker Robert Rodriguez.

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Texas Legislature - Business
12:16 pm
Thu May 23, 2013

Last Of Perry Business Tax Cuts Goes Through With Key Oversight Provision

Ryan Poppe TPR News

A Democratic senator was able to add a last-minute provision to the last of Gov. Rick Perry’s business tax cut bills calling for more oversight and monitoring of the program. 

Sen. Rodney Ellis, D-Houston, was able to add his provision to House Bill 500, which provides  Texas small businesses with $600 million in tax cuts.

The attachment bill would have the Texas Comptroller review the businesses receiving a tax cut to be sure such cuts were effective.

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Texas Legislature
2:29 pm
Thu May 16, 2013

Gov. Perry Closer To Getting His $1.8 Billion In Businesses Tax Breaks

Ryan Poppe TPR News

A bill that provides $630 million worth of tax incentives has already made its way out of the House, and is now heading to the Senate floor for a vote.

The bill has been altered from its original wording, streamlining those benefiting down to one business group.

"I explained to my colleagues as we’ve been trying to work through this in the last couple of days: It’s almost like I have to pick which three of my kids gets something and which do not. It’s almost impossible," said Sen. Glenn Hegar, R-Katy, who is carrying the bill in the Senate.

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The Source - May 16, 2013
12:55 pm
Thu May 16, 2013

The Source: Business Incentives & The Book 'Debtors' Prison'

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

In the first segment:

When cities and counties try to attract big businesses, they have several tools in their toolbox.  Tax abatements or breaks to businesses that bring jobs have become the new normal, so are they worth it?  

Today we talk with Brian Kelsey, professor at the University of Texas, Austin and principle at Civic Analytics, and with David Marquez from Bexar County Economic Development about what these all mean and why cities and counties are going this route.

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The Source - May 15, 2013
12:42 pm
Wed May 15, 2013

The Source: Business Friendly San Antonio

City of San Antonio

In the first segment:

San Antonio was given an A in terms of business friendliness by thumbtack.com.   What does it mean to be business-friendly?  And is it all that is cracked up to be?  

Hispanic Chamber of Commerce President and CEO Ramiro Cavazos joins us to speak to the business environment here in San Antonio.

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Texas Business
12:25 pm
Wed May 15, 2013

Technology Industry Thriving In The Lone Star State

Chris Eudaily TPR News

Texas is making headlines in the tech industry as a report released today by the TechAmerica Foundation indicated that Texas is now second only to California in the number of high-tech jobs.

The latest edition of Cyberstates, a comprehensive state-by-state look at  tech employment, wages, and other key economic factors state-by-state, said Texas continues to be a leading cyber state by most tech industry metrics, including employment, payroll, and establishments.

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Texas Economy
9:08 am
Fri May 10, 2013

Latinos May Need More Than a 'Miracle' to Prosper in Texas

Veronica Zaragovia for KUT News

Originally published on Fri May 10, 2013 10:54 am

President Obama brought a message of economic recovery when he visited Austin yesterday, the first stop in his “Middle Class Jobs and Opportunity Tour.” Latinos in the U.S., however, are trailing behind the national average in unemployment. So how are they’re doing when it comes to finding work in the home of the “Texas miracle?"

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Texas Legislature
10:55 am
Wed May 8, 2013

House Follows Governor’s Marching Orders To Pass Small Business Tax Cuts

Ryan Poppe TPR News

The House passed House Bill 500, which would extend tax incentives to small businesses by using revenue usually reserved to fund schools.

Rep. Harvey Hilderbran, R-Kerrville, who authored the bill, said the state will replace the money for public education in the senate’s version of the budget bill.

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