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Local economy better than most
by Jeff Latcham
Apr 16, 2010 | 965 views | 0 0 comments | 8 8 recommendations | email to a friend | print
“No man is an island, entire of itself...”

– John Donne

Nor is any community or state when speaking of the economy these days. In this era of globalization we’re all the more linked.

We’ve got some really good things going on in Beeville, Bee and surrounding counties and even the state of Texas. Oil and gas activity in the region continues to churn and Sikorsky has announced plans to add hundreds of jobs at the Chase Field industrial complex.

Construction starts continue around town with apartments, a new shopping and office center and funeral home going forward in various stages. We’ve got new pizzerias and taquerias either opened or opening. In short, if this is a recession, we’ll take it and ask for more.

For all the good news, however, we should point readers toward our story on the decline in sales tax revenue year-to-year on Page 4B. By no means are we down as drastically as other communities in areas such as the Rust Belt, but we are down.

Beeville’s sales tax receipts for the month of April are only off 1.28 percent, which may be indicative of an economic uptick. The city is still off 5.59 percent for the year vs. 2009. The county is off 9.09 percent from last year.

The most recent unemployment figures found online for the county pegs us at 9.5 percent in February for an increase of 1.6 percent year over year. That compares to our neighbors ranging from Refugio’s 2.5 percent jump to 7.5 to San Patricio’s 3.9 percent jump in the same period to a current 10.8 percent level.

That’s why local financial leaders cautiously watch Washington’s actions that continue to depress national economic growth and threaten the dollar. We are all in the commodities market and a devalued dollar means higher gasoline, energy, food, building material and even paper prices.

So we muddle along in a moderated recovery locally, not all that it could be, but gratifying nonetheless.
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