From KEYE, May 15, 2009...
On Monday organizers made the tough and, “painful” decision to cancel a huge Austin tradition for the next two years. The director of the Texas Parks and Wildlife Expo said there’s just not enough money anymore.
This Expo's been around for 17 years and more than 35,000 people usually attend. But organizers say the recession made too many of their sponsors pull out this year. The free event cost about $400,000.
“The expo is like the state fair of the outdoors,” said Director Ernie Gammage. “you can do everything there.”
Read more...
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Saturday, May 16, 2009
Thursday, March 5, 2009
Stimulus leaves state on mountain of cash
From News 8 Austin, February 27, 2009...
About $17 billion of President Barack Obama's economic stimulus package is headed to Texas. It will help fill gaps that would have strained the two-year state budget and its Rainy Day Fund savings account.
Officials are still trying to figure out how and where to spend it, but fears of deep cuts and a looming future deficit have all but faded.
The stimulus money is prescribed for education, health and human services, transportation, labor, criminal justice, and housing and infrastructure. Education will get the largest share at more than $6 billion. Health and human services programs are expected to get more than $4 billion.
Read more...
About $17 billion of President Barack Obama's economic stimulus package is headed to Texas. It will help fill gaps that would have strained the two-year state budget and its Rainy Day Fund savings account.
Officials are still trying to figure out how and where to spend it, but fears of deep cuts and a looming future deficit have all but faded.
The stimulus money is prescribed for education, health and human services, transportation, labor, criminal justice, and housing and infrastructure. Education will get the largest share at more than $6 billion. Health and human services programs are expected to get more than $4 billion.
Read more...
Tuesday, February 24, 2009
Report: Construction revenue slips in South
From Austin Business Journal, February 19, 2009...
Lumber and construction materials wholesalers in Texas and other Southern states reported the steepest revenue drop of all industries during the past 12 months, according to a national survey.
The construction materials industry saw a 9 percent sales dip during the period, followed by building materials and supplies dealers with a 3.3 percent decline. Overall revenue from residential building construction declined by 2 percent.
Read more...
Lumber and construction materials wholesalers in Texas and other Southern states reported the steepest revenue drop of all industries during the past 12 months, according to a national survey.
The construction materials industry saw a 9 percent sales dip during the period, followed by building materials and supplies dealers with a 3.3 percent decline. Overall revenue from residential building construction declined by 2 percent.
Read more...
Bertram says 77 percent of utility bills are late, unpaid
From KEYE, February 20, 2009...
In Burnet County, Bertram council members are trying to figure out how to collect thousands of dollars in unpaid utility bills.
The Bertram Mayor Pro Tem tells us in a 30 day period, at least 77 percent of utility customers paid late or not at all; Bertram has only 1,300 people. Bertram is owed over $64,000 in unpaid utilities.
Read more...
In Burnet County, Bertram council members are trying to figure out how to collect thousands of dollars in unpaid utility bills.
The Bertram Mayor Pro Tem tells us in a 30 day period, at least 77 percent of utility customers paid late or not at all; Bertram has only 1,300 people. Bertram is owed over $64,000 in unpaid utilities.
Read more...
Thursday, January 22, 2009
Central Texas' economy stable, despite recession
From News 8 Austin, January 14, 2009...
The rest of the country might be reeling from the recession but Central Texas is doing fine, according to a new report released Wednesday by the Perryman Group, which is an economic analysis firm headquartered in Waco.
Read more...
The rest of the country might be reeling from the recession but Central Texas is doing fine, according to a new report released Wednesday by the Perryman Group, which is an economic analysis firm headquartered in Waco.
Read more...
Some Austin businesses see boom in downturn
From KVUE, January 13, 2009...
The economy may be the worst we have seen in decades, but there are actually some businesses flourishing during these tough times.
The American hamburger is near the top of the list.
The Mighty Fine restaurant opened up in North Austin a little over a year ago. It specializes in the basics -- burgers and fries. The business has actually improved during the recession as customers are looking for a cheaper way to eat.
Read more...
The economy may be the worst we have seen in decades, but there are actually some businesses flourishing during these tough times.
The American hamburger is near the top of the list.
The Mighty Fine restaurant opened up in North Austin a little over a year ago. It specializes in the basics -- burgers and fries. The business has actually improved during the recession as customers are looking for a cheaper way to eat.
Read more...
New Web site invites visitors to Wimberley
From News 8 Austin, January 9, 2009...
Known for its river and quaint shopping district, Wimberley's economy depends on its visitors.
Rhett Ryan is the manager at the Gallery on the Square. He said his business depends on tourists.
"Without tourism, I don't think we could survive," he said.
Ryan's family has been in business on the square for years. As the national economy has experienced a downturn, they have seen a change in the way their customers shop.
Read more...
Known for its river and quaint shopping district, Wimberley's economy depends on its visitors.
Rhett Ryan is the manager at the Gallery on the Square. He said his business depends on tourists.
"Without tourism, I don't think we could survive," he said.
Ryan's family has been in business on the square for years. As the national economy has experienced a downturn, they have seen a change in the way their customers shop.
Read more...
Deeper cuts may follow Central Texas sales tax declines
From statesman, January 10, 2009...
Austin and other area governments may be forced to deepen spending cuts, based on the latest report of sales tax revenue from the state comptroller's office.
The report, which analyzes November sales tax receipts, shows that the state is slightly up overall in the face of declining national spending.
But cities such as Austin and Round Rock, which have anxiously watched their declining revenue, saw a deepening slide during the last fiscal year.
Read more...
Austin and other area governments may be forced to deepen spending cuts, based on the latest report of sales tax revenue from the state comptroller's office.
The report, which analyzes November sales tax receipts, shows that the state is slightly up overall in the face of declining national spending.
But cities such as Austin and Round Rock, which have anxiously watched their declining revenue, saw a deepening slide during the last fiscal year.
Read more...
Friday, January 16, 2009
Some real estate activity likely to wait out downturn
From Austin Business Journal, January 2, 2009...
“Wait and see” attitudes will likely dominate Central Texas real estate in 2009.
While Austin is in better shape than most cities nationwide in terms of foreclosures, leasing activity and home values, experts said Central Texas can expect to see some activity put on hold as the area feels the ramifications of the national economic downturn.
Read more...
“Wait and see” attitudes will likely dominate Central Texas real estate in 2009.
While Austin is in better shape than most cities nationwide in terms of foreclosures, leasing activity and home values, experts said Central Texas can expect to see some activity put on hold as the area feels the ramifications of the national economic downturn.
Read more...
Georgetown bracing for a budget shortfall
From News 8 Austin, December 29, 2008...
Fortune magazine may have listed Georgetown as the second best place in the country to start a new business, but a projected $800,000 sales tax revenue shortfall indicates the growing city isn't immune to a bad economy.
Read more...
Fortune magazine may have listed Georgetown as the second best place in the country to start a new business, but a projected $800,000 sales tax revenue shortfall indicates the growing city isn't immune to a bad economy.
Read more...
Wednesday, October 22, 2008
Despite financial fallout, thrift store sales up
From News 8 Austin, October 7, 2008...
You may not be able to control gas prices, the stock market, or the price of food, but consumers are coming up with all kinds of cost-conscious ways to save.
Some stores are even making a buck or two.
Read more...
You may not be able to control gas prices, the stock market, or the price of food, but consumers are coming up with all kinds of cost-conscious ways to save.
Some stores are even making a buck or two.
Read more...
Sunday, October 5, 2008
Dripping Springs development is booming
From News 8 Austin, October 5, 2008...
While banks are closing their doors nationally several are under construction in Dripping Springs.
Pioneer Bank opened its doors a little over one year ago and this month they'll move into their new corporate headquarters.
Pioneer Bank President Jeff Wilkinson said being a new bank alleviates them from the many issues larger banks are currently facing
Read more...
While banks are closing their doors nationally several are under construction in Dripping Springs.
Pioneer Bank opened its doors a little over one year ago and this month they'll move into their new corporate headquarters.
Pioneer Bank President Jeff Wilkinson said being a new bank alleviates them from the many issues larger banks are currently facing
Read more...
Sunday, June 22, 2008
Austin economy losing momentum, new reports show
From statesman.com, June 21, 2008...
Central Texas' economy continues to lose momentum, with home sales and job growth declining to four-year lows and the jobless rate ticking up, new figures show.
Home sales fell 20 percent in May, compared with the same period last year. It was the 11th consecutive monthly decline, while the supply of unsold homes continued to rise.
Read more...
Central Texas' economy continues to lose momentum, with home sales and job growth declining to four-year lows and the jobless rate ticking up, new figures show.
Home sales fell 20 percent in May, compared with the same period last year. It was the 11th consecutive monthly decline, while the supply of unsold homes continued to rise.
Read more...
Wednesday, May 7, 2008
Texas economy is continuing to outpace the nation
From San Antonio Business Journal, May 7, 2008...
The Texas economy has been dragging its feet since January, but continues to outperform the nation, according to an update from the Federal Reserve Bank of Dallas.
Read more...
The Texas economy has been dragging its feet since January, but continues to outperform the nation, according to an update from the Federal Reserve Bank of Dallas.
Read more...
Austin recession-proof?
From Austin Business Journal, May 7, 2008...
Austin was named third on the Forbes.com list of the top 10 "Recession-Proof Cities" in the United States.
To create the list, the magazine looked at the 50 largest U.S. metros, examining key measures, such as unemployment data, non-farm related job growth, median home prices and data from a 2007 report, "U.S. Metro Economies: The Mortgage Crisis" by the U.S. Conference of Mayors.
Read more...
Austin was named third on the Forbes.com list of the top 10 "Recession-Proof Cities" in the United States.
To create the list, the magazine looked at the 50 largest U.S. metros, examining key measures, such as unemployment data, non-farm related job growth, median home prices and data from a 2007 report, "U.S. Metro Economies: The Mortgage Crisis" by the U.S. Conference of Mayors.
Read more...
Wednesday, April 23, 2008
Local Leaders Examine City
From KXAN.com, April 23, 2008…
Bad economic news for the national economy means many are holding their breath in Austin.
Wednesday, city leaders are examining not only local economic news but the city's budget as well. It looks like the city could be facing millions of dollars in debt next year.
Thursday, April 17, 2008
Georgetown Businesses Support Theory That Austin region Is Doing Well
From Community Impact News April 11, 2008...
With oil above $100 a barrel, subprime mortgage foreclosures high and murmurs of a national recession persisting, Central Texas is likely to see some effects. At this time, however, many say that the local economy is strong and its future bright.
“We’ve got a very robust local economy, and it continues to outperform the national economy,” said Mel Pendland, Georgetown’s chamber of commerce president. “All the indications are that what we have is healthy and sustainable.”
Read more...
With oil above $100 a barrel, subprime mortgage foreclosures high and murmurs of a national recession persisting, Central Texas is likely to see some effects. At this time, however, many say that the local economy is strong and its future bright.
“We’ve got a very robust local economy, and it continues to outperform the national economy,” said Mel Pendland, Georgetown’s chamber of commerce president. “All the indications are that what we have is healthy and sustainable.”
Read more...
Friday, February 1, 2008
Austin Economy Spanks the Competition
From the Austin Business Journal January 31, 2008...
High-tech, a booming film industry and the University of Texas all helped propel Austin to the top of Forbes' 2008 list of America's Fastest Growing Metros.
The magazine ranked Austin No. 1 among the nation's 100 largest metropolitan areas. The list sorted cities by their anticipated gross domestic product growth between 2007 and 2012. Austin's GMP, or the value of goods and services produced in the area, is expected to climb 32 percent over the five-year period.
Read more...
High-tech, a booming film industry and the University of Texas all helped propel Austin to the top of Forbes' 2008 list of America's Fastest Growing Metros.
The magazine ranked Austin No. 1 among the nation's 100 largest metropolitan areas. The list sorted cities by their anticipated gross domestic product growth between 2007 and 2012. Austin's GMP, or the value of goods and services produced in the area, is expected to climb 32 percent over the five-year period.
Read more...
Wednesday, January 9, 2008
Texas No. 1 in Economic Development
From the Austin Business Journal January 9, 2008...
Texas is getting top economic development honors from a publication that informs and tracts corporate relocations.
Based on a state-by-state survey of economic development deals over the last 12 months, Business Facilities magazine named Texas--with a total of $15.4 billion in investment and 9,335 jobs to be created from new projects--its State of the Year for 2007.
Read more...
Texas is getting top economic development honors from a publication that informs and tracts corporate relocations.
Based on a state-by-state survey of economic development deals over the last 12 months, Business Facilities magazine named Texas--with a total of $15.4 billion in investment and 9,335 jobs to be created from new projects--its State of the Year for 2007.
Read more...
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