WESLACO, Texas – Every month, The Rio Grande Guardian sits down with Matt Ruszczak to analyze the latest sales tax revenue figures for the Rio Grande Valley.
The data is collated by the Texas Comptroller’s office.
In this month’s Zoom conversation, which focuses on the July 2020 numbers, Ruszczak delves into the impact of the economic slowdown, the travel ban on Mexican shoppers and tourists, and the increase in online shopping.
The Valley’s smaller cities have been doing well, while the larger ones have faced challenges, Ruszczak points out.
“We are continuing to see a shift towards the more rural communities,” Ruszczak said. “We had ten of the smaller communities up over 20 percent.”
Ruszczak is executive director of Rio South Texas Economic Council.
During the Zoom conversation, Ruszczak references recent observations on the state of the local economy by commercial real estate broker Mike Blum. Click here to read Blum’s analysis.
Here is the Zoom conversation with Ruszczak:
Editor’s Note: The main image accompanying the above Zoom conversation shows Rio Grande Valley Premium Outlets in Mercedes, Texas.
Our Journalism depends on You!
Support local coronavirus reporting for a healthier and safer South Texas. The Rio Grande Guardian is committed to producing quality news reporting on the issues that matter to border residents. The support of our members is vital in ensuring our mission gets fulfilled.
Can we count on your support? If so, click HERE. Thank you!