Get ready for lift-off! NewSpace Brownsville is launching the city into the trillion dollar commercial space industry by creating and supporting programs and initiatives that will help us build our very own space hub here in Brownsville.
Expanding Frontiers, a space-focused business incubator, will help create a viable workforce to sustain that economic activity. (NewSpaceBTX.com)
All while SpaceX, one of the largest customers in the new space industry, has already settled at Boca Chica Beach. It is through their testing operations and plans that they have built a beacon of inspiration in our community
Brownsville Metro celebrated 40 years of service as the largest Public Transit System in the RGV This year.
BMetro launched their Ride Systems app to provide real-time vehicle tracking, estimated arrival times and route information to riders. Through an innovative partnership with Texas Southmost College, it now provides free bus service to TSC students citywide.
Additionally. due to a $5.7 Million Transportation Investment Generating Economic Recovery (TIGER) Grant, Brownsville Metro rehabilitated their maintenance building, improved bus stops across the City and purchased 5 electric hybrid diesel buses. TIGER funded projects are on schedule and will be completed by the end of the year.
Tax Increment Reinvestment Zone
In December 2019, the City of Brownsville approved a Tax Increment Reinvestment Zone (TIRZ) in the heart of downtown. The TIRZ will promote redevelopment to the downtown area while enhancing infrastructure over the lifespan of the TIRZ.
A TIRZ is an option for local governments in Texas to publicly finance improvements to public infrastructure, through a tool known as Tax Increment Financing.
The City of Brownsville is beginning the process for updating Building and Planning Development Regulations. The purpose of the update is to simplify and modernize the existing Code, and to ensure that the regulations reflect the community’s vision for future development in Brownsville. This will involve updates to Brownsville’s building codes as well as its development codes, including zoning regulations, subdivision regulations and a variety of supplemental regulations into a coordinated, modern and progressive set of standards.
The Brownsville City Commission has formed two Commission subcommittees to oversee the effort: one focused on building and fire codes, and the other focused on land development regulations. Together, updating these two groups of regulations will better prepare Brownsville for its next decades of growth and enhanced quality of life. Learn more by visiting BuildingBrownsville.org.
To be located in the former Casa de Nylon, the eBridge Center for Business & Commercialization will mobilize the next generation of entrepreneurs and equip them with the skills and resources that they need to create jobs, access capital, and scale commercially.
The partnership between the City of Brownsville, Brownsville Community Improvement Corporation, and the University of Texas Rio Grande Valley has attracted a $900,000 award from U.S. Economic Development Administration.
Construction is expected to begin early 2020.
Downtown Brownsville Business
In 2019, Brownsville had 29 businesses apply for a Certificate of Occupancy (CO) in the Downtown Overlay District (DOD). The City of Brownsville currently offers permit fee waivers for arts, retail and entertainment businesses that open within the DOD boundaries. The following businesses applied in 2019 and are helping create bustling days and lively night life in the heart of downtown.
- 1929 Whiskey Tavern
- B's Hobbies Toys Collection
- Ben's Bakery Co.
- La Carlotta
- 93Main Street Deli
- Congress on Washington
- Graciela's Restaurant
- Balloony Party Studio
- La Ruleta
- Nolita's Pizza
- Nirvana's Peak
- La Catrina
LendEDU published a report that found home values in Brownsville have been growing at one of the fastest rates in the country over the last decade.
They tracked median home values in both 2010 and 2018 for nearly 1,000 U.S. cities. The data came from the U.S. Census Bureau.
Specifically, the median home value in Brownsville went from $74,000 in 2010 to $83,300 in 2018. This was a percent increase of 12.57%, which ranked Brownsville #376 in the country when ranking nearly 1,000 U.S. cities according to home value growth over the last decade and it ranked Brownsville #57 in the state of Texas!
Home values are a great economic indicator as they tend to rise and fall based on where high-paying jobs and industries are gravitating towards. With the home values in Brownsville escalating at one of the fastest rates in the country over an entire decade, the city is well-positioned to thrive in the 2020s.