UTSA Institute for Economic Development reports $1.6 billion in economic impact
Share this Story(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
The UTSA Office of Undergraduate is proud to celebrate National Undergraduate Research with an annual event sponsored by the (OUR) featuring students will showcase undergraduate student research and creative endeavors from all disciplines across campus.
Various LocationsDía en la Sombrilla, formerly Fiesta UTSA, is a festival hosted each spring as a part of Fiesta® San Antonio events. Sponsored by Roadrunner Productions, the event features music, food, confetti, games, event t-shirts, and more.
Sombrilla Plaza and Central Plaza, Main CampusFiesta Arts Fair features contemporary art from more than 100 artists from across the U.S., Fiesta favorite foods, drinks, live music by local and regional performers, and a Young Artists Garden providing opportunities for budding artists to learn, explore and express their creativity.
UTSA Southwest CampusJoin the PEACE Center and Wellbeing Services for Denim Day, a day of learning about the importance of consent and why we wear denim on the last Wednesday of the month each April during Sexual Assault Awareness Month. Stop by our Denim Day display to take a photo in front of our Denim Wall, spin the "Is It Consent?" Wheel, and get a Concha or goodie.
Student Union Window Lounge, Main CampusLearn to use Zotero®, a citation manager that can help you store and organize citations you find during your research. Zotero can generate bibliographies in various styles, insert in-text citations and allow you to share sources with collaborators.
Virtual EventThis event is to achnowlege the graduating seniors and induct the new cohart of scholars to our program.
North Paseo Building (NPB 5.140,) Main CampusCelebrate the accomplishments of College of Education and Human Development, College for Health, Community and Policy, College of Sciences and University College.
Alamodome
