UTSA Institute for Economic Development boasts a record year of $2.6 billion in direct economic impact
(Jan. 12, 2016) -- In 2015, an average working day for the UTSA Institute for Economic Development (IED) resulted in 137 small businesses receiving advising or training, the acquisition of $2 million in business growth capital, $8.7 million of sales/contracts/exports being realized, and the creation of more than 30 new jobs.
This year, the IED achieved yet another milestone in its 36-year career with more than $2.6 billion of direct economic impact including new financing, investments, sales, contracts and exports, a 33 percent increase over last year. During the fiscal year, the IED:
- Served 34,256 business and community clients
- Provided training and workshops to 21,339 participants
- Managed 8,219 consulting cases and delivered 76,137 research hours
- Helped launch 657 new businesses
- Helped expand 585 existing businesses
- Supported the creation of 8,251 new jobs and the retention of 5,446 jobs
The IED also remained a prominent source for research on the dynamic energy sector, with numerous publications this year, including Economic Impact of the Eagle Ford Shale (2014), Economic Impacts of Natural Gas Fueling Station Infrastructure and Vehicle Conversions in the Texas Clean Transportation Triangle and Preliminary Report on the Economic Impact and Legal Analysis of the Shale Oil and Gas Activities in Mexico.
The IED has continued to expand the Small Business Development Center (SBDC) footprint around the world through its leadership of the U.S. State Department’s Small Business Network of the Americas. The SBDC model has evolved over 35 years at 1,100 colleges and universities across the U.S. and has become an international best practice with documented business growth results. To date, 20 different countries have been assisted by UTSA resulting in more than 100 SBDCs launched internationally. Close to 200 additional centers are projected to open during the next year.
“Our clients and programs continue to grow and evolve together. New opportunities in industry clusters and supply-chains, advanced manufacturing, technology commercialization and global markets reach are emerging,” said Robert McKinley, UTSA senior associate vice president for economic development. “As one of the top performing university-based economic development organizations in the nation, the UTSA Institute for Economic Development is strategically positioned to fill these needs.”
The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 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, the Texas-Mexico border area, and regional, national and international stakeholders. Together with federal, state and local governments, and private businesses, the Institute fosters economic and community development in support of UTSA’s community engagement mission.
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Events
Learn to use the simple but powerful features of EndNote®, a citation management tool. In this hands-on workshop, participants will learn to setup an EndNote library, save references and PDFs, and automatically create and edit a bibliography.
Virtual EventLearn 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 solo exhibition features the work of Delita Martin, a world-renowned master printmaker known for creating representations of black women in complex and luxuriant narrative portraits.
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John Peace Library (JPL 3.02.32,) Main Campus