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UTSA Institute for Economic Development reports $1.6 billion in economic impact

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(Feb. 13, 2014) -- Clients of The University of Texas at San Antonio Institute for Economic Development generated $1.6 billion in business growth during fiscal year 2013 including $1.26 billion in increased sales, contracts and exports and $350 million in new capital. It's the second consecutive year the institute and its clients have exceeded the $1 billion threshold.

>> View the institute's 2013 annual report.

The UTSA Institute for Economic Development provides professional business advising, training, research and strategic planning services to entrepreneurs, business owners and community leaders. The Institute primarily serves San Antonio and the Texas-Mexico border area as well as national and international stakeholders, fostering economic development in support of UTSA's community engagement mission.

During fiscal year 2013, the UTSA Institute for Economic Development:

  • Served 36,115 business and community clients including 23,008 training participants
  • Assisted with 8,328 consulting cases and 9,132 research hours
  • Helped launch 523 new businesses
  • Helped expand 519 existing businesses
  • Supported the creation of 4,176 new jobs and the retention of 5,528 jobs

The small business client growth of the institute's clients is indicative of Texas' strength as a leader in the nation's economic recovery. During fiscal year 2013, the IED also partnered with industry and government to conduct research and develop programs to meet business and economic opportunities.

Highlights included:

  • Conducting an economic impact study of the Eagle Ford shale oil and natural gas play. The institute found that the region generated $61 billion in economic impact and supported more than 116,000 regional jobs in 2012. The Eagle Ford shale is now the largest oil and gas play in the world.
  • Conducting an economic impact study on the oil and natural gas play in a 16-county region of West Texas, the institute found that the area generated a total economic impact of more than $14.5 billion and supported 21,450 full-time jobs for workers in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals in 2012.
  • Implementation of municipal capacity building programs and training sessions to assist communities impacted by Eagle Ford shale related growth.
  • Expanding small business trade domestically with the National Export initiative and internationally with the Small Business Network of the Americas initiative to help build the Small Business Development Center network's trade and development partners in 15 countries to date as partners in trade and development.

"Small businesses add up to big growth, and UTSA is committed to providing advising, training and research with high-impact results," said Robert McKinley, UTSA associate vice president for economic development.

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About the IED

The University of Texas at San Antonio (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.

Its 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 UTSA Institute for Economic Development fosters economic and community development in support of UTSA's community engagement mission.

About The University of Texas at San Antonio

The University of Texas at San Antonio (UTSA) is an emerging Tier One research institution specializing in health, energy, security, sustainability, and human and social development. With nearly 29,000 students, it is the largest university in the San Antonio metropolitan region. UTSA advances knowledge through research and discovery, teaching and learning, community engagement and public service.

The university embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property -- for Texas, the nation and the world.

 

 

Events

Tuesday, May 3, 5 p.m.

Henry B. Gonzalez Centennial Tribute

The College of Public Policy and the Office for Community Services present a 100th anniversary salute to the late Congressman Henry B. Gonzalez. A distinguished panel will discuss Gonzalez's historical impact. Free and open to the public.
Aula Canaria Lecture Hall (BV 1.328) , Downtown Campus

Wednesday, May 4, 5 p.m.

School Psychology Symposium and Reception

Student posters will present case studies based on practicum experiences, literature reviews on topics relevant to educational psychology, and other research experiences this year. The event is free and open to the public.
Durango Building (1.124), Downtown Campus

Thursday, May 5, 5 p.m.

String Project Spring Concert

This end-of-semester concert will feature the 3rd through 8th grade students who have participated in the UTSA String Project this year. The event is free and open to the public.
Buena Vista Theater, Downtown Campus

Monday, May 9, 8 a.m.

The Honeynet Project Workshop

This three-day event will focus on the tools, tactics and motives involved in computer and network attacks. Attendees from around the world will take part in world-class hands-on trainings and technical discussions.
H-E-B University Center Ballroom, Main Campus

Thursday, May 12, 4 p.m.

Master of Public Administration Open House

Visit with faculty, alumni and students to discuss the benefits of and requirements for a Master Degree in Public Administration and/or the Graduate Certificate in Nonprofit Administration & Leadership
Buena Vista Building (1.338), Downtown Campus

Saturday, May 14, 10 a.m.

UTSA Spring Commencement: Ceremony One

UTSA Spring Commencement ceremony for the College of Architecture, Construction and Planning, the College of Education and Human Development and the College of Sciences.
Alamodome

Saturday, May 14, 4 p.m.

UTSA Spring Commencement: Ceremony Two

UTSA Spring Commencement ceremony for the College of Business, the College of Public Policy and University College.
Alamodome

Sunday, May 15, 2 p.m.

UTSA Spring Commencement: Ceremony Three

UTSA Spring Commencement ceremony for the College of Engineering and the College of Liberal and Fine Arts.
Alamodome

Wednesday, May 18, 3 p.m.

The Great Staff Appreciation Event

The UTSA community is invited to honor the roughly 2,600 UTSA staff members who contribute to the success of the university and its students.
University Center Ballroom, Main Campus

Thursday, May 19, 6 p.m.

Superintendent Certification Program Information Session

Join UTSA faculty and staff, current students, and area central office administrators/program alumni to learn about this exciting accelerated and web-enhanced program leading to Texas Superintendent Certification. The event is free and open to the public.
Buena Vista Building (1.322), Downtown Campus


Other Calendars
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UTSA's Mission

The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.

UTSA's Vision

To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.

UTSA's Core Values

We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.

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