(Feb. 28, 2019) -- Through business advising to more than 43,000 business and community clients, the UTSA Institute for Economic Development generated $2.9 billion in direct economic impact nationwide, according to its newly released 2018 annual report.
Of those who received advising, training and business research assistance, over 1000 businesses were started or experienced significant growth, resulting in the creation or retention nearly 20,000 jobs. These businesses generated $291 million in new financing and $35 million in new tax revenue, with new sales, contracts and exports valued at $2.6 billion dollars.
During the 2018 fiscal year, the Institute:
Comprised of nine centers, the Institute provides professional business advising, technical training, research, market analysis, and strategic planning for entrepreneurs, business owners and community leaders to strengthen economies locally, nationally and internationally.
It also leads the expansion of the Small Business Network of the Americas. This international initiative has guided 22 western countries to adopt the UTSA Small Business Development Center methodology, which has evolved over 35 years at 1,100 universities and colleges across the nation. Today, nearly 250 centers operate in Central America, Latin America and the Caribbean. They have collectively advanced more than 51,000 entrepreneurial projects. Chile and Colombia lead the adaptation process with 51 and 117 Centers, respectively.
With a mission to promote science and technology-based innovation, the UTSA SBDC Technology Commercialization Center (TCC) guided 88 clients through the commercialization pathway in 2018, moving each client closer to taking their innovation to market. In 2018, the South-West Texas Border SBDC earned accreditation from America’s SBDC with a special designation for their efforts in assisting small business clients with the commercialization of their STEM-based technology.
The Institute is committed to creating jobs, growing businesses and fostering economic and community development. With an emphasis on scale-up growth industry clusters and technology commercialization, the Institute’s core strengths include business start-up, manufacturing competitiveness, high-growth minority businesses, international trade and investment, government contracting and corporate supply chains, rural development, applied economics and development policy research, and shale energy economic research.
“2018 was a remarkable year for the Institute. We are immensely proud of our accomplishments and reaching this significant milestone of our strongest year to date. Our motto, ‘building the economy one business at a time’, impacts local and international audiences, and we look forward to continuing to being a leading force for economic growth in 2019 and beyond,” said the institute’s interim director Al Salgado.
The Institute resides at the UTSA Downtown campus and is an integral part of UTSA’s experiential learning mission. Hosting an average of 40 undergraduates, graduate students and alumni each year, these workforce-ready professionals have gone on to secure employment with J.P. Morgan Chase, Marathon Oil, the U.S. Air Force, the Asociacion de Empresarios Mexicanos (AEM), Proctor & Gamble, the U.S. Bureau of Economic Analysis, and other top organizations.
UTSA is ranked among the nation’s top five young universities, according to Times Higher Education.
Learn more about UTSA Institute for Economic Development.
Celebrate UTSA’s 50th Anniversary and share social media posts about the 50th using the hashtag #UTSA50.
UTSA will offer science, engineering, architecture, sports, music, writing and language and culture camps for kids, teens and adults. Register now.Various locations, Main and Downtown Campuses
The weeklong academy will provide educators with resources, literature, information, and best practices on bringing Mexican American Studies into their classrooms. The materials provided are aligned to the social studies Texas Essential Knowledge and Skills objectives for middle and high school.UTSA Institute of Texan Cultures, Hemisfair Campus
Future Roadrunners and families prepare for everything they need to know before the fall semester.Various locations, Main and Downtown Campuses
This year’s theme, “Cultivate. Innovate. Collaborate.,” will explore new ideas and present success stories focused on: growing and sustaining rural communities, regional collaboration and rural innovation.New Braunfels Civic Center, 375 Castell Ave., New Braunfels
Lecture presented by Dr. Nelson Flores, associate professor at the University of Pennsylvania. Free and open to the public.Durango Building, La Villita Room (DBB 1.116), Downtown Campus
Are you transferring to UTSA? Take this opportunity to drop off any documents and complete your application for admission to UTSA! During this time you will have the opportunity to drive up, meet a staff member and submit your transcripts.Frio Street Building Breezeway, Downtown Campus
Are you transferring to UTSA? Take this opportunity to drop off any documents and complete your application for admission to UTSA! During this time you will have the opportunity to drive up, meet a staff member and submit your transcripts.Welcome Center Breezeway, Bauerle Rd. Garage, Main Campus
Willie Hale, UTSA assistant professor of psychology, will discuss how advances in statistical modeling can help us understand the ways in which a variety of risk and protective factors influence the onset, maintenance, and treatment of PTSD.Blue Star Contemporary, 116 Blue Star, San Antonio
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.