(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.
In honor of UTSA's 50th Anniversary in 2019, the university is hosting Roadrunner Days Spring Edition - two weeks of semester-launching activities built around our deeply held values of student success, student involvement, community service and fun!
Various locations, Main and Downtown Campuses
All UTSA students, faculty, staff, alums & families are invited to march as a unified community. Register here: bit.ly/2TYbHbR. Shuttles will be provided from the Main and Downtown Campuses.
Martin Luther King, Jr. Academy, 3501 MLK Dr., San Antonio
UTSA's John Nix invites the community to sing "Amazing Grace" and “We Shall Overcome” at 11 a.m. on Martin Luther King Jr. Day. The intent of this nationwide effort is to honor Dr. King's legacy and to spread a sense of community in the United States.
Locations throughout the United States
Opening Reception got exhibit featuring artists Miguel Aragon, Aaron Coleman, Sandra Fernandez, Annalise Gratovich, Marco Hernandez, Kristen Powers Nowlin, & Patricia Villalobos Echeverria
Main Art Gallery, Arts Building (ART 2.03.04), Main Campus
Tracy Cowden, Roland K. Blumberg Endowed Professor in Music and chair of the UTSA Department of Music launches the UTSA 50th Anniversary Scholars Speaker Series with Music as Medicine: The Power and Influence of Music on our Health.
Radius Center, 106 Auditorium Cir. #120, San Antonio
UTSA African American Studies Program presents this series featuring Walter M. Kimbrough, president of Dillard University.
Student Union Retama Auditorium (SU 2.02.02), Main Campus)
Join fellow Runners to walk for 10 minutes on the Main Campus. The event reminds us of the importance of exercise, diet and healthy habits in protecting our hearts.
Outside the North Paseo Building, Main Campus
The annual event features authentic foods, music, dance, martial arts, shopping, games and entertainment from China, to the Indian Sub-continent, and the island nations of the Pacific. The Festival features two stages, a martial arts demonstration area, children’s hands on crafting area, anime activities, bonsai and ikebana displays, mahjong table and more.
UTSA Institute of Texan Cultures, Hemisfair 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.