A bill to provide a modest revolving loan fund for Texas ports had smooth sailing through the Senate Transportation Committee last week, setting it on a positive course as it heads to the full Senate for consideration.
Senate Bill 28, sponsored by Sen. Brandon Creighton, R-Conroe, puts action behind a port study completed by the Texas Department of Transportation task force since the 2015 legislative session ended. The bill, which passed through the Senate committee with an 8-0 vote, designates as much as $20 million per year to supplement existing dredging and road projects around state ports.
The bill carries some weight, considering how important exports are to the state's economy. According to the Texas Ports Association, Texas is the nation’s biggest exporting state, with 563 million tons of cargo traveling through Texas ports each year. The industry is tied to 1.5 million jobs and $369 billion annually in economic activity in Texas, which has worried officials in many Texas cities considering the Trump administration's campaign promise to renegotiate the North American Free Trade Agreement (NAFTA).
Freeport, about 60 miles south of Houston, is positioning itself as part of the feeder system of cargo movement spurred by the newly expanded Panama Canal, said Port of Freeport CEO Phyllis Saathoff.
The Texas Department of Transportation would be charged with administering the loan fund if Creighton’s bill passes both chambers. According to the bill, only those dredging projects approved by the U.S. Army Corps of Engineers would be eligible for the funding.
Go beyond interest and find out how mortgage points affect your taxable income.
Michael Stuart's insight:
Although housing prices took a major hit in the mortgage crisis that occurred in 2007, if history continues to repeat itself in a fashion similar to previous housing booms, many homeowners will see the value of their homes appreciate over the long term. Likewise, the odds are good that the capital gains tax laws will change yet again. Because nobody can tell for sure what the future will bring, it is best to have a full understanding of your home's value, basis, and tax liability at all times. Someday, when you need the information, you'll be glad to have it close at hand.
Arkitekthus is a company based in Stockholm, Sweden who build and sell contemporary prefab homes designed by a collection of Swedish architects. Their goal is to bring good design to a larger market that otherwise could not afford an architect designed home.
All the houses are sold at fixed prices and can be obtained in two different designs schemes, modern and classic, with a few carefully selected options. They currently offer 11 home designs from four different architects.
Texas Border Business “Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure,” by WSJ’s Andrew Tangel in Indianapolis: “President Donald Trump boosted the hopes of employees at Rexnord Corp.’s factory here in December when he castigated the company for ‘viciously firing’ workers and planning to move their jobs to Mexico. Two months later, Rexnord …
Of the 16 lighthouses originally constructed along the Texas coast, Port Isabel is the only one open to the public. It stands 50 feet above the ground, and it is popular with photographers and other visitors, because they can enjoy great views of South Padre Island and the beaches. Families and friends have climbed the 75 winding steps, to experience a bird’s-eye view from the top of the tower.
Natural gas and wind are the lowest-cost technology options for new electricity generation across much of the U.S. when cost, public health impacts and environmental effects are considered, according to new research.
Ford Motor Co's (F.N) abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy.
Eleven major metropolitan areas, led by the Texas duo of Houston and Dallas-Fort Worth, are growing at a pace of more than 1,000 persons per week, based on population estimates issued this morning by the U.S. Census Bureau.
The Trump administration will approve the Keystone XL pipeline on Friday, senior U.S. officials say, ending years of delay for a project that has served as a flashpoint in the national debate about climate change.
The State Department will recommend the pipeline is in U.S. interests, clearing the way for the White House to grant a presidential permit to TransCanada to build the $8 billion pipeline, two officials said. Oil industry advocates say the pipeline will improve U.S. energy security and create jobs, although how many is widely disputed. The former CEO of oil company Exxon Mobil recused himself after protests from environmental groups who said it would be a conflict of interest for Tillerson to decide the pipeline's fate. [...] Tom Shannon, a career diplomat serving as undersecretary of state for political affairs, will sign off, officials said. Environmental groups also say the pipeline will encourage the use of carbon-heavy tar sands oil which contributes more to global warming than cleaner sources of energy.
South Padre Island isn’t just the Spring Break capital of Texas -- it’s got enough going on to rival the rest of the country’s most popular spots for the madness of March. Here’s the scene: Thirty-four miles of white sand, emerald water alive with dolphins, and a party energy made electric by the over 300,000 co-eds who flock there every spring. And, despite the seemingly non-stop party atmosphere, you can also find all types of waters ports and a serene natural environment begging to be explored via Jeep, scooter, or… golf cart
Texas Border Business SOUTH PADRE ISLAND ─ The U.S. Small Business Administration’s Lower Rio Grande Valley District Office (LRGVD) and the South Padre Island Economic Development Corporation (SPI EDC) signed a Strategic Alliance Memorandum (SAM) to encourage entrepreneurship and economic empowerment through increased collaboration on entrepreneurial and financial education for local residents and small business …
Real talk: Between diminishing stores and oil wars, fossil fuel-dependance is officially a bad deal. In the future, as these resources get scarcer, we're going to have to figure out how to live in a little more harmony with Mother Earth. Here are 21 houses that are already doing it right: eschewing the power grid for solar, wind, and geothermal energy sources.
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