(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.
MuTe Fest is a celebration of original music and technology. Three days of concerts, sessions, and informative lectures will offer a unique experience of musical works created by fellow UTSA students and the chance to gain valuable knowledge about music technology.
Art Building, Music Tech Lab (Arts 3.01.30B), Main Campus
The conference will showcase the works of authors, illustrators, and scholars which embody Latino culture and art as a means to promote literacy and reading in Latino children.
Durango Building, first floor, Downtown Campus
The theme of this year’s symposium is Black & Brown Futures. The free event will give UTSA students and the community the opportunity to meet and hear national scholars talk about current research and academic trends relevant to the lives of African Americans in the United States.
Student Union, Denman Room (SU 2.01.28), Main Campus
Registration is open now for this family-friendly and dog-friendly run that supports the UTSA Alumni Association scholarship fund.
Convocation Center, Main Campus
Join the Department of Interdisciplinary Learning and Teaching for the 14th Annual UTSA Storytelling Festival featuring Nancy Simpson, storyteller and keynote speaker. The event is free and open to the public.
Main Building, Ground Floor Lobby, Main Campus
Students are invited to a semi-formal, dinner banquet with an awards presentation and dancing. Keynote speaker will be San Antonio City Councilman William Cruz Shaw. Tickets must be purchased by Feb 19 at Roadrunner Express. UTSA students are $15 and guests are $20.
H-E-B Student Union Ballroom (HSU 1.104/1.106), Main Campus
Dr. Don Jenkins from UT Health SA will lead this event UTSA with up to 30 certified STB trainers, and train up to 300 UTSA students and personnel in stop the bleed methods.
H-E-B Student Union Ballroom (HSU 1.106), Main Campus
Get to know more about the Bexar County Criminal District Court candidates' stance on the issues before voting in the primary election on March 6.
Buena Vista Street Building, Aula Canaria (BVB 1.328), Downtown 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.
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