Ap­ple to bring part of man­u­fac­tur­ing back to the U.S. in 2013

Austin American-Statesman - - FRONT PAGE - Restau­rant to close: Byjohn Ma­her jma­her@states­man.com

In­dus­try watch­ers said the an­nounce­ment is both a cun­ning pub­lic-re­la­tions move and a har­bin­ger of more man­u­fac­tur­ing jobs mov­ing back to the U.S. as wages in­crease in China. Busi­ness Deaths Movies & Life Sports

Ten years af­ter open­ing,Jorge’s restau­rant on Han­cock Drive will shut its doors, but the name and its Tex-Mex fare will live on in two new con­cepts the owner is plan­ning. B7-9 B4-5 D1 C1

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For area hote­liers, Austin’s in­au­gu­ral For­mula One race was def­i­nitely a grand prix.

Dur­ing the five-day pe­riod end­ing with the race on Sun­day, Nov. 18, Austin area ho­tels took in $32 mil­lion — triple what they made dur­ing the same stretch the pre­vi­ous year. And that five-day pe­riod in 2011 in­cluded a Univer­sity of Texas home foot­ball game against Kansas State.

“Ba­si­cally, we had a very good week­end,” said Bob Lan­der, pres­i­dent and CEO of the Austin Con­ven­tion and Vis­i­tors Bureau. Lan­der said that in some in­stances F1-re­lated rev­enues were “as­tro­nom­i­cal” and far ex­ceeded ex­pec­ta­tions.

The statis­tics were com- piled by STR, or Smith Travel Re­search, which tracks ho­tel in­dus­try data and pro­vides mar­ket share analy­ses for ma­jor chains and brands in the U.S., Canada, Mex­ico and the Caribbean.

This and other post-race eco­nomic analy­ses will be im­por­tant for a num­ber of rea­sons, in­clud­ing sched­ul­ing in fu­ture years and government fi­nan­cial involvement through the state’s Ma­jor Events Trust Fund.

Ho­tel rev­enues will be a key mea­sure when the Cir­cuit of the Amer­i­cas tries to tap the Ma­jor Events Trust Fund for $30.6 mil­lion for this year’s race. State Comptroller Su­san Combs has said the cir­cuit will be re­im­bursed only for the money the United States

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