Special to The Review
Edinburg Economic Development Corporation’s executive director, Ramiro Garza, reports that Edinburg has generated over $1.24 million in local sales taxes mostly in the month of October. This figure is up 23.87 percent compared to the $1,002,977.19 that was generated in the same month in 2007.
The local sales taxes are generated by the city’s one and a half cent local sales tax and the half-cent economic development sales tax that is administered by the EEDC.
Retail economy continues to grown in Edinburg and from January 2008 to October 2008 has grown 6 percent from 2007. Even as the national economy slows down, expansions like the Shoppes at Rio Grande Valley, the continued growth of our North Industrial Park and additions to our health sector have helped Edinburg prevent hard economic times, Garza said.
Garza attributes part of the economic growth to “a wide range of local businesses.”