On Thursday, Nov. 1, the College of Business Administration hosted its annual economic forum the eight year in a row. The 2018 economic forum provided insightful data concerning regional economic growth in Kleberg County.
Dr. Thomas Krueger with the College of Business Administration presented intriguing demographic data and presented a detailed analysis in comparisons to neighboring counties including Aransas and Starr. Data was then reinforced when compared to Texas and then the United States. Guest speakers and a panel of professionals were also able to aid any individuals who are interested in starting a small business.
Angela R. Burton, district director of the Small Business Administration – lower Rio Grande Valley presented “SBA is your Ally.” During her presentation she advised and provided the audience with the best way to initiate a small business and directed them towards the SBA website for more information. Burton was also able inform the audience about different ways to proceed in regards to funds and how to get federal support.
“This is a wonderful opportunity to get information, I love data. Data is important for decision making. I’m glad Dr. Krueger and the College of Business does this for the Kleberg community” Burton said.
Business is expanding in the Kleberg County as is evident with the unemployment rate dramatically decreasing from 8.2 percent to 4.9 percent over the past seven years. The cost of living in Kleberg County is 79 percent of the national average. Knowing economic indicators and identifying economic trends is vital when starting a business. Therefore, it is essential for business owners or small entrepreneurs to get involved and exposed to this type of information.
“The purpose of an event like this is to get involved and exposed to different information. There’s more than just the campus life, and it’s important for the young people to know of all these opportunities. The Business Economic Forum offers multiple opportunities for community involvement and exposure to knowledge on how to start a business,” said Lucy Perez, employee of the local Chamber of Commerce.
Dr. Krueger offered help to those seeking to start a business.
“We will work with you and confide and cultivate ideas to expand and make your economic business grow to its full potential. Simply remember every business once started with a dream,” said Krueger, professor of Innovation in Business Educations and Chair.
