EDINBURG, TEXAS – Just days after Edinburg Economic Development Corporation Executive Director Raudel Garza told the Rio Grande Guardian about his city’s “explosive growth” more record-breaking investment numbers have been announced.
Edinburg Mayor Ramiro Garza said $57 million in new construction activity occurred in the month of April. Of this, $18 million comprised residential developments while $39 million was invested in commercial ventures.
When the Guardian interviewed Raudel Garza, the EDC chief had only information about the first three months of 2023. He said Edinburg had almost $50 million in construction in both multi-family and single-family residential developments. On the commercial side, Raudel Garza said, $37 million has been invested in new projects and $13 million in renovations.
In a news release announcing the April numbers, Edinburg leaders said their city “has been witnessing a remarkable surge in construction activity, demonstrating the robust growth and economic vitality of the region.” The latest construction report, the news release stated, “indicates a substantial increase in new projects and investments, further solidifying Edinburg’s position as a prime destination for development and expansion.”
Mayor Garza said: “The City of Edinburg is thrilled to witness such substantial growth in our construction sector. These record-breaking figures are a testament to our thriving economy, business-friendly environment, and the tremendous potential our city holds. We remain committed to fostering further growth and development while providing our residents and businesses with exceptional opportunities for success.”
Comparing year-to-date figures, Edinburg leaders say their city has witnessed an “extraordinary upswing” in new construction activity. As of April 30, 2023, the cumulative value of new construction projects has reached $164.5 million, significantly surpassing the $56 million recorded during the same period in 2022.
“This unprecedented growth showcases the city’s strong momentum and the confidence investors and developers have in Edinburg’s future,” Mayor Garza said. “These ventures will not only provide employment opportunities but also contribute to the city’s tax base, infrastructure development, and overall economic vitality.”
The City of Edinburg news release said the notable increase in residential construction activity “demonstrates Edinburg’s commitment to meeting the housing needs of its growing population.” It also says that the $18 million invested in residential projects “signifies the city’s dedication to creating vibrant neighborhoods and providing comfortable and modern living spaces for its residents.”
Furthermore, city leaders say the “robust” commercial construction activity “exemplifies Edinburg’s emergence as a prominent business hub.” They note that building permits pulled by UT-Rio Grande Valley and Edinburg CISD for the Collegiate High School and improvements at the South Texas International Airport in Edinburg contributed to the commercial increase.
“With state-of-the-art facilities and a dynamic business landscape, Edinburg offers a compelling environment for businesses to thrive and expand,” the news release states.
“The City of Edinburg remains focused on fostering strategic partnerships, promoting economic growth, and enhancing the overall quality of life for its residents. By continuing to invest in key sectors such as construction, the city aims to solidify its position as a regional leader and a desirable place to live, work, and invest.”
In his video interview with the Guardian, Raudel Garza said: “Edinburg is going through some explosive growth right now. Our residential construction numbers are through the roof right now. For the first three months almost $50 million in construction in both multi-family and single-family residential. And then our commercial (side) is $37 million for the first three months, plus another $13 million in reservations. So, existing companies are growing and new companies are coming in.”
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