{"id":9174,"date":"2018-10-12T18:00:28","date_gmt":"2018-10-12T18:00:28","guid":{"rendered":"https:\/\/losfresnosnews.net\/?p=9174"},"modified":"2018-10-12T18:00:34","modified_gmt":"2018-10-12T18:00:34","slug":"los-fresnos-economy-keeps-showing-a-positive-picture","status":"publish","type":"post","link":"https:\/\/losfresnosnews.net\/?p=9174","title":{"rendered":"Los Fresnos Economy Keeps Showing a Positive Picture"},"content":{"rendered":"
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Some of the retailers that contribute to the good economy of Los Fresnos. Photo: Tony Vindell\/LFN<\/p><\/div>\n

by Tony Vindell\/LFN<\/strong><\/em><\/p>\n

The economy of Los Fresnos has been experiencing a steady growth and it will continue the trend as a new fiscal year begins taking its course.<\/p>\n

City Manager Mark Milum said the city ended its 2017-18 fiscal year with an increase of 6 percent in its sales tax allocations from the Texas comptroller\u2019s office.<\/p>\n

\u201cWe are starting a new (fiscal) year,\u201d he said during the Monday. Oct. 1 meeting of the Community Development Corp board of directors. \u201cWe are good to go.\u201d<\/p>\n

Milum said EDC collected $27,000 in sales tax allocations.<\/p>\n

The entity keeps half percent of the 2 percent the city collects from the tax allocation and the $27,000 figure is the amount EDC received for FY 2017-18.<\/p>\n

For example, the comptroller\u2019s office collected $124,334 in September, compared to $121,504 during the same month in 2017 \u2013 an increase of 2.32 percent.<\/p>\n

For the year-to-date figure, the state agency collected $1,079,133, compared to $1,008,241 the prior year \u2013 a hike of 7.03 percent.<\/p>\n

Such increases vary from month to month, averaging 6 percent over a 12 month period.<\/p>\n

The September figures issued by the comptroller\u2019s office reflect sales tax allocations from two months earlier, or during July.<\/p>\n

In other business, the board approved three grants as economic incentives to two businesses, totaling $5,950.<\/p>\n

Shaila\u2019s Boutique received $825 for a sign and Divine Crossfit got $5,125 for a sign and for landscaping.<\/p>\n

It\u2019s a EDC policy to provide such incentives allocating only 50 percent of the cost of a project like the two businesses applied for.<\/p>\n

Desi Martinez, the EDC economic liaison, told the board that Texas Southmost College and the Los Fresnos school district are working on a project to start a new training course.<\/p>\n

He said at this point no decision has been made about that but chances are it could be something in the technical field.<\/p>\n

Board president Enrique Suarez hinted about the possibility of a welding course, particularly since Amfels announced recently it has a multi-million-dollar contract with LNG and will hire several hundred welders at its yard at the Port of Brownsville.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Tony Vindell\/LFN The economy of Los Fresnos has been experiencing a steady growth and it will continue the trend as a new fiscal year begins taking its course. City Manager Mark Milum said the city ended its 2017-18 fiscal year with an increase of 6 percent in its sales tax allocations from the Texas […]<\/p>\n","protected":false},"author":4,"featured_media":9182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-9174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local"],"_links":{"self":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/9174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9174"}],"version-history":[{"count":1,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/9174\/revisions"}],"predecessor-version":[{"id":9188,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/posts\/9174\/revisions\/9188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=\/wp\/v2\/media\/9182"}],"wp:attachment":[{"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/losfresnosnews.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}