(May 5, 2016) -- New research conducted jointly by The University of Texas at San Antonio Institute for Economic Development (IED) and the San Antonio Economic Development Foundation (SAEDF) finds new jobs are funneling more money into the local economy. The findings are included in the SAEDF economic impact report.
"The economic impact of ongoing efforts by the San Antonio Economic Development Foundation continues to bring in strong results," said Thomas Tunstall , research director of the UTSA Institute for Economic Development. "In 2015, the overall annual impact of business operations from companies that located or expanded was over $1.1 billion and supported nearly 8,000 jobs."
A total of 20 companies located or expanded in San Antonio during 2015. Three industry sectors with notable locations in 2015 were Advanced Manufacturing, Bioscience/Healthcare, and Information Technology/Information Security. Manufacturing operations also had a strong showing in 2015 and is forecasted to continue in 2016. Historically a city not largely associated with manufacturing operations, San Antonio is starting to be recognized for its growing manufacturing ecosystem.
"The Institute for Economic Development has been working with the San Antonio Economic Development Foundation since 2005 to develop these annual updates," said Tunstall. "UTSA is the preeminent authority on economic development extension and has established a combination of complimentary programs that are not replicated anywhere else in the U.S."
SAEDF expects this growth will continue to flow into the local economy for years. It's estimated that after five years of business operation, there will be an increase of 1,832 new and previously owned homes sold and 3,048 new vehicles sold in San Antonio.
The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. It helps its business clients increase net sales, contracts and exports. IED programs serve San Antonio and the Texas-Mexico border as well as regional, national and international stakeholders.
The San Antonio Economic Development Foundation is a private, non-profit organization that attracts new business and industry to San Antonio. The organization is responsible for the recruitment of over 450 companies that collectively employ more than 110,000 people in San Antonio.
Learn more about the UTSA Institute for Economic Development.
For more information about the San Antonio Economic Development Foundation.
The UTSA Women’s Studies Institute and Women’s Studies Program will feature film screenings, provide lectures and book readings that promote diversity and focus on achieving social justice and women’s empowerment.
Various locations, Main, Downtown and Hemisfair Campuses
Grad Fest helps Roadrunners prepare for graduation and Commencement. Students can order their cap and gown and other Commencement-related items, and learn important information about Commencement and life after UTSA.
Buena Vista Street Building Assembly Room (BVB 1.338), Downtown Campus
The exhibition is a juried competition featuring recent work by UTSA undergraduate and graduate students. The selected works represent the full range of materials, methods, and techniques, ranging from traditional processes to contemporary digital photography and video.
Arts Building Main Art Gallery (ART 2.03.04), Main Campus
UTSA and the San Antonio Express-News will jointly host a town hall meeting where panelists will discuss various aspects of the broad topic of school funding in Texas. It's free and open to the public.
Buena Vista Street Building Theater (BVB 1.326), Downtown Campus
Annual memorial event honoring members of the UTSA community who passed away in the previous year.
Student Union Retama Auditorium (SU 2.02.02,) Main Campus
Amin Qutub, UTSA associate professor of biomedical engineering, will introduce the latest advances in science and technology illustrating how daily behaviors influence the ability of our brain cells to repair and regenerate, enabling a future that optimizes brain health.
McNay Art Museum, 6000 N. New Braunfels, San Antonio
UTSA faculty and staff are encouraged to share thoughts, experiences and ideas on inclusive excellence at UTSA.
Student Union Anaqua Room (SU 2.03.08), Main Campus
March Into Your Major is an event for students who are unsure of their major, have chosen a major but are not sure it’s the right fit for them or students who are confident of their choice of major but are unsure of what careers they can actually pursue with their major.
Convocation Center, Main Campus
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.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.