economy

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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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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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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.

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.   

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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