Technology & Entrepreneurship | Texas Public Radio

Technology & Entrepreneurship

Texas Public Radio is supported by contributors to the Technology and Entrepreneurship News Fund including The 80/20 Foundation, Digital Defense, Rackspace, The Elmendorf Family Fund, UTSA Center for Innovation, Technology and Entrepreneurship, SecureLogix, USAA and Giles Design Bureau.

Paul Flahive | Texas Public Radio

With millions of people out of work because of the coronavirus, food banks have seen a major surge in demand since March. But August is set to be one one of the busiest months yet and that worries food bank operators. 

Courtesy Rackspace

Rackspace Technology will be going public again. The company first went public in 2008, but was taken private in 2016. The $4.3 billion deal with Apollo Global Management, a private equity fund, allowed the company to try and reengineer itself — shedding jobs in some areas while growing in others and making big corporate acquisitions. 

Courtesy Rackspace

This story is breaking and will be updated

Rackspace Technology filed documentation with the U.S. Securities and Exchange Commission to go public again Friday. This move ends speculation and rumor about the possibility that cropped up periodically over the years and intensified in the last six months.  

Goldman Sachs, Citigroup and JP Morgan are the leading underwriters of the deal, another eleven are listed. Details of stock price and number of shares are to be determined. 

Texas has taken out $1.3 billion in federal loans in a single month to prop up its overwhelmed unemployment system. The most recent Texas data for unemployment placed it north of 13%.

Volunteers from Cornerstone Church load cars in its June 20 food distribution
Paul Flahive | Texas Public Radio

Updated 2:52 p.m. 7/9/2020

The USDA issued a health alert Wednesday night for boxes of pre-cooked chicken given away in San Antonio on June 29 to families in need. Sixteen hours later the USDA said it was actually distributed in the Ft. Worth area.

Paul Flahive | Texas Public Radio

A controversial $39 million  contract between the U.S. department of Agriculture and a San Antonio wedding planner has come to a close. 

The USDA opted not to extend a contract with Gregorio Palomino and his company CRE8AD8, pronounced Create a Date, though extended them for more than 180 other contractors. 

“These extensions are a testament to the great work done by these vendors in support of American agriculture and the American people,” said Agriculture Secretary Sonny Perdue on June 17.  

Jason Howie | https://bit.ly/2A2zi5Q

The key to President Trump’s 2016 victory is up for debate, but few would dispute the importance of the campaign’s focus on digital marketing.

The one-time love affair with social media giants has cooled and the campaign is flirting with alternatives.

In 2017, Trump’s then Digital Director now Campaign Manager Brad Parscale called Facebook’s role in the president’s first election paradigm shifting.

City of San Antonio

A big plan to connect San Antonio students with the internet is taking shape.

San Antonio City staff presented the city’s digital divide and a plan to address it for students. A report and plan were detailed Tuesday at the city’s Innovation and Technology council committee.

JULIA REIHS / KUT

For the second month in a row, Texas continues its tread through historic unemployment territory. The state’s rate ticked up .2% from the original April number of 12.8% to 13% in May. But the U.S. Bureau of Labor Statistics also revised Texas’ April unemployment numbers up to 13.5%, meaning Texas has seen a drop in unemployment.

In April, the state eclipsed the previous high water mark, a 1986 unemployment rate of 9.2%.  

Paul Flahive | Texas Public Radio

Volunteers walked up long side-by-side lines of cars filling up just a portion of the massive parking area surrounding Oak Hills Church, north of San Antonio. Going from one driver’s window to the next, they checked in families waiting to receive food. It was hot, but everyone agreed at least it wasn’t as bad as the day before. Up over 100 degrees.

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