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UTSA Institute for Economic Development shows growth trend in difficult economy

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(Feb. 10, 2011)--The UTSA Institute for Economic Development served more than 37,000 business clients in 2010 -- up from 32,000 in 2009 -- as Texans increasingly sought expert advice in starting and growing businesses.

Annual results just released by the institute's 12 diverse centers and programs also showed an increase in net sales, contracts and exports for business clients from $685 to $720 million. Access to capital increased substantially over 2009 from $112 to $196 million.

UTSA business advisers also consulted with a greater number of entrepreneurs, and the institute's workshops and classes drew a larger number of participants than in 2009. Documented business starts and expansions decreased from the previous year, reflecting the continuing challenges of a tough national economy.

>> Download the full report at the Institute for Economic Development website. To request a printed copy of the 2010 Annual Report, e-mail lynn.gosnell@utsa.edu.

"Just like our clients, our staff of business and economic development experts are working harder than ever to bring results-oriented consulting, training, technical services and research to a growing clientele," said Robert McKinley, UTSA associate vice president for economic development. McKinley oversees the institute's diverse portfolio of applied business and economic development programs.

Among the year's key accomplishments, according to McKinley, was the expansion of the Small Business Development Center (SBDC) model into Latin America. Since 2003, IED leadership has worked to nurture SBDC counterparts at higher education institutions -- totaling 101 in Mexico, five in El Salvador and three in Colombia.

This growing inter-American network serves to stabilize regional economies and provide extensive market access for small business trade expansion. The SBDC International Trade Center also launched SBDCglobal.com, an innovative online trade platform that eases the way for trade and commerce among SBDC clients at home and abroad.

"We've also expanded our reach and expertise in Texas rural community development, environmental sustainability and veteran-owned businesses," McKinley said, in reference to several recently launched initiatives.

The IED hosts the San Antonio Small Business Development Center, Center for Business and Community Research and Minority Business Enterprise Center as well as other applied economic and community development programs. See the full list of the IED centers and programs.

"Small businesses are leading the turnaround for the Texas economy, and UTSA is doing its part to help them grow and prosper," McKinley said. "As one of the top-tier university economic development organizations in the country, we are proud to be a key component of UTSA's Tier One mission of serving the public through community engagement."

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About the UTSA Institute for Economic Development

The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 12 centers and programs provide professional business advising, technical training, research and strategic planning for entrepreneurs, business owners and community leaders. Programs serve San Antonio and the Texas-Mexico border area as well as regional, national and international stakeholders. Together with federal, state and local governments and private businesses, the IED fosters economic and community development in support of UTSA's community engagement mission.

 

 

Did You Know?

UTSA researcher is a star behind the cloud

A revolution in cloud computing is underway, and Ravi Sandhu believes it will be much bigger than the PC and Internet revolutions that have already changed the way we live. Sandhu, director of the UTSA Institute for Cyber Security, says UTSA is taking a leadership role in tackling three fundamental cloud technology problems: how to build and operate the cloud, how to use it profitably for diverse applications and how to keep it secure.

Sandhu, the Lutcher Brown Distinguished Chair in Cyber Security in the College of Sciences, and Ram Krishnan, assistant professor of electrical engineering in the UTSA College of Engineering, are funded by a $500,000 grant from the National Science Foundation to improve cloud security.

Did you know? Sandhu, a world-renowned cybersecurity expert, holds 30 patents, has authored more than 250 papers and been cited more than 30,000 times.

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Events
Aug. 1, 9 p.m.

"Inside Peace" documentary screening

This documentary, presented by the San Antonio Film Festival, documents the experience of re-entry after incarceration. The film features Michael Gilbert, associate professor in the department of criminal justice and director of the Office of Community and Restorative Justice program at UTSA.
Tobin Center for the Performing Arts, 100 Auditorium Circle

Aug. 4, 6 - 8 p.m.

Free Teacher Tuesday: Los Tejanos Workshop

Discover resources and strategies for teaching Tejano history and culture and get a special educator's tour of the new long-term exhibit, Los Tejanos.
Institute of Texan Cultures, 801 E. Cesar E. Chavez Blvd.

Aug. 6, 5 - 7 p,m,; 9 a.m. - 3:30 p.m.

6th Annual Texas Higher Education Symposium

This annual symposium is an opportunity to discuss Texas higher education issues and trends with Texas higher education scholars, state and local government officials, students, and campus and local community members.
Downtown Campus

Aug. 9, 12 - 5 p.m.

Vaquerocation 2015

This cowboy-themed programming, offered in conjunction with Our Kids Magazine's Kidcation Week, gives families the opportunity to visit with cowboy docents, enjoy readings and visit activity tables.
Institute of Texan Cultures, 801 E. Cesar E. Chavez Blvd.

Aug. 17, 11:30 p.m.

Midnight Light

Join President Ricardo Romo, The Spirit of San Antonio Marching Band, students, faculty and staff to light the monument at the Main Campus entrance at the stroke of midnight.
John Peace Boulevard Entrance, Main Campus

Aug. 18, 11 a.m. - 1 p.m.

President's BBQ on the Plaza

Join university President Ricardo Romo on the Bill Miller Plaza for his annual free BBQ lunch.
Bill Miller Plaza, Downtown Campus

Aug. 18, 5:30 p.m. - 7:30 p.m.

President's BBQ on the Lawn

Join university President Ricardo Romo on the Convocation Center lawn for his annual free BBQ lunch.
Convocation Center East Lawn, Main Campus

Aug. 22, 6 p.m.

UTSA Alumni Gala

The UTSA Alumni Association hosts this annual gala honoring the Alumna of the Year, Alumnus of the Year and the Alumnus of the Year Lifetime Achievement award winners.
Hyatt Regency Hill Country Resort & Spa, 9800 Hyatt Resort Dr.


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Meet a Roadrunner

Julian Acosta '12 is a musician with business cred

After graduation, Queretaro native founded a music label recognized by SXSW

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UTSA's Vision

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