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Hays Free Press
Kyle, Texas
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January 18, 2017     Hays Free Press
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+ HaysFreePress.com ree ress January 18, 2017 Page 1D BY SAMANTHA SMITH news@haysfreepress.com Less than six months after announcing Buda's inclusion in the Texas Main Street program, Buda has hired a Main Street Program Manager. According to a city of Buda press release, Mag- gie Gillespie, who was the San Marcos Main Street coordinator, was hired as Buda's Main Street Program Manager. Buda's Assistant City Manager Chance Sparks said in a statement that the hiring of a Main Street manager "is an important critical step as Buda joins the Texas Main Street program." In late 2015, Buda was designated an official Texas Main Street city by the Texas Historical Commission. "Gillespie will lead the city's efforts in the presentation and revital- ization of historic down- town Buda," Sparks said. Accord- ing to the release, Gillespie GILLESPIE holds a Bachelor of Science in Family and Consumer Sciences from Texas State University and has a background working for the Kyle Area Chamber of Commerce (KACC), as well as Hays CISD and Texas State. "I am most excited about getting to meet all of the downtown businesses and property owners," Gillespie said in the press release, "Old town Buda has so much charm and I get to tell the world about it." Sparks said Gillespie, who will begin her job ]an. 24, brings "strong experience" from the San Marcos Main Street program as its coordinator, along with her past experience and "collegiate community relations." Buda Mayor Todd Ruge expressed his appreciation for Gillespie's involvement as the new Main Street Manager. Ruge added that a nine member advisory board would soon be joining her. Council appointed members to the board Tuesday. "We're lucky to have her come to Buda from a bigger city," Ruge said, In the release Sparks said Gillespie, along Sparks said Gillespie, who will begin her job Jan. 24, brings "strong experience" from the San Marcos Main Street program as its coordinator, along with her past experience and "collegiate community relations." with the advisory board, and preservation of will help Buda "build a historic downtown framework to positively Buda." influence and impact During the Buda Area the economic health Chamber of Commerce's first industry round table meeting, Buda Tourism Director Lysa Gonzales lauded Gillespie's hire. "What's great about Maggie's job is that it will be like having another person doing tourism iii:'i but specifically focusing on downtown tourism," Gonzales said. As Main Street Manager, Gillespie will provide more attention to the Main Street Program and act as a liaison between Main Street businesses. "Her (Gillespie) passion, interest and enthusiasm for assisting downtowns in revitalization will help focus energy and efforts to continue to make downtown Buda the economic, social and cultural center of the community," Sparks said in the press release. | BY MOSES LEOS III news@haysfreepress.com Kyle city leaders, along with Hays County officials, finalized an incentive agreement this month with an in-place high-tech manufacturer they believe will shep- herd job growth in the area. The agree- ment also alleviates a tax bill- ing error in which RSI, Inc. was not billed for $430,000 in prop- erty taxes over a six-year period. Accord- ing to a Kyle press release, the agree- ment between RSI, Kyle and Hays County is a "busi- ness expan- sion and retention city." project" that could bring more jobs to the area. The plan, which was passed by a 5-1 vote by the Kyle City Council in September, would incentivize RSI's expan- sion with $480,000 from the city, which includes $246,000 in a forgivable grant. In addition, the city is offering $234,000 in an interest free loan in exchange for job creation. Per the agreement, for each year RSI meets the commitments of the agreement, Kyle will forgive ten percent of the outstanding balance of the grant. Diana Blank- Tortes, Kyle Economic Developer, said as part of a regional coordination effort, Hays County also passed an economic incentive "Providing the incentive to expand its operations is a positive way for Kyte to continue to attract firms that will bring high quality jobs and more sales tax to the -Scott Sellers, Kyle city manager to aid RSI's expansion. Hays County would reimburse the city $123,000 over a ten- year period, provided RSI meets job creation targets. RSI is a high tech manufacturing and R&D firm based in Kyle specializing in the rug- gedization of computer equipment and new technolo - gies related to military applications, oil field and aerospace industries. The firm set up its head- quarters in Kyle in 2007 and now has 60 employ- ees. "RSI is one of our top three target markets for economic develop - ment," Blank-Torres said. She added the firm would create" 82 ad- ditional jobs over the ten- year period, with jobs having a me- dian salary of $42,000. Blank- Torres added that RSI would begin 24-hour operations. RSI will also provide high-level networking opportunities for Kyle through the company's existing relationships, which could aid the city in recruiting other firms. Kyle City Manager Scott Sellers said this business expansion and retention project is a strategic move by the city to continue to attract and retain high tech firms. "Providing the incentive to expand its operations is a positive way for Kyle to continue to attract firms that will bring high quality jobs and more sales tax to the city," he said. In 2016, city officials discovered RSI had not been properly billed for property taxes between According to Diana Blank-Torres, Kyle Economic Developer, RSI will create 82 additional jobs over the ten- year period, with jobs having a median salary of $42,000. 2011 and 2016. Sellers said the issue began in 2011 when the city transferred the property on which RSI had built its offices, to RSI, the Hays Free Press reported in September. At the time, RSI's certified public accountant reached out to local taxing entities regarding taxation, but was told RSI had no tax obligation. RSI made calls to the city and county over the years regarding the taxes, but were told the company didn't owe property taxes. Financial Focus contributed by Jon Albright, CFP~ Are you a "do- -yourselfer"? you can take care of home repairs, lawn work and other types of maintenance by yourself, you'll save money and probably gain satisfaction. But you will almost certainly need some help in other areas of your life - one of which may be investing. In fact, you could benefit from the services of a professional financial advisor at several points in your life: WHEN YOU'RE STARTING OUT IN YOUR CAREER When you land your first "career- type" job, you will have some financial decisions to make: Should I participate in my employer's 401 (k) or other retirement plan? (Hint: Yes!) If so, how much should I contribute? How can I juggle saving for retirement with paying off student loans? These are the types of questions you can answer with the help of a financial advisor. WHEN YOU'RE SAVING FOR IMPORTANT GOALS Whether you're saving for a down payment on your first home, or for your children's college education, or for your own comfortable retirement, you'll face many choices. A financial advisor- someone with experience in helping people work toward these goals - can assist you in making the choices most appropriate for your individual situation. WHEN YOU'RE EXPERIENCING A PERSONAL "MILESTONE" Like everyone, you'll go through many major life events. Some will be joyful, such as marriage and the arrival of children, while others may be unpleasant or FINANCIAL FOCUS, 4D + iiiiii|i':I1[ ....