Cryptocurrency miners line up to come to Texas, and rural counties are welcoming them
Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies. Full Story
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The latest economy news from The Texas Tribune.
Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies. Full Story
A new report shows the number of employed Texans remained virtually unchanged from July to August, while unemployment ticked up slightly. Full Story
Texas agencies say they are being hammered by a historic staffing crisis, particularly when it comes to those in the trenches serving the state’s most vulnerable populations. Full Story
Mobile homes are a vital source of affordable housing for around 2 million Texans. But as Texas cities grow, many mobile home parks are being closed and redeveloped, pushing out longtime residents. Full Story
Local governments in Texas have spent the summer preparing their budgets for next year, wrestling with inflation and a law that prohibits them from raising property tax revenues beyond 3.5% without voter approval. Full Story
If railroad companies and workers can’t resolve their dispute by Thursday night, the country could see its first railroad strike in 30 years. Full Story
Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers. Full Story
Cotton is Texas’ largest crop, and industry experts say they expect just half the normal annual yield — which will drive up costs for consumers. Full Story
People earning $125,000 or less will see $10,000 eliminated from their student loan debt. People in that group who received federal Pell Grants will see $20,000 in debt eliminated, a move intended to help low-income borrowers. Full Story
The bill would invest billions into issues acutely impacting Texas, including climate change and health care, and is the result of months of intraparty fighting between moderates and progressives. Full Story
Lawmakers let the program, known as Chapter 313, expire at the end of this year after the Senate declined to consider a bill extending it. It was the first time in its 20-year history that legislators decided not to renew the program. Full Story
The federal environment agency says it will continue flyovers of the Permian Basin in Texas and New Mexico until Aug. 15 using infrared cameras to survey oil and gas operations. Full Story
Readers say Canadian, Texas, wouldn’t be the same without its weekly newspaper, The Canadian Record. The current editor and publisher is looking for a successor who wants to make a living — and an impact. Full Story
Four corporate landlords, including Dallas-based Invitation Homes, tried to evict thousands of tenants during a federal ban on evictions, according to an investigation by a congressional subcommittee. Full Story
In spite of strong support among Texas GOP leaders, nearly all Texas House Republicans voted against the bill intended to boost the state’s semiconductor industry. Full Story
Heat-related emergency calls have spiked amid historic heat. Cooling centers are available in major cities but often close in the late afternoon — during the hottest parts of the day. Full Story
As companies like Samsung and Texas Instruments expand their operations in the state, Gov. Greg Abbott and other state leaders are backing federal efforts to grow the industry. Full Story
Cryptocurrency mining requires huge amounts of electricity, prompting concerns over the industry’s environmental impact — and whether the state’s grid can keep up. Full Story
Until last year, Lubbock residents didn’t get electricity from the main power grid operated by the Electric Reliability Council of Texas. Now, many residents are getting used to requests to limit electricity consumption. Full Story
The state will have an extra $27 billion in its coffers in 2023 — money that could help pay for property tax cuts and other legislative priorities. Full Story