(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.
Roadrunners get involved in fun, engaging and interactive experiences to gear up for the new school year.Various locations, Main and Downtown Campuses
The success of African Americans in popular sports has been well documented, while less attention has been given to their intellectual achievements. Utilizing historical, sociological, and cultural perspectives, Dr. Langston Clark will explore the intersection of Black Intellectualism and Black Athleticism.The Garage at the Pearl, 250 E. Grayson, San Antonio
Join the UTSA Small Business Development Center for its 5th annual day of immersion into digital marketing through seminars, Q&A sessions, and networking. Industry-expert presenters include Mark Nanez, Cory Ames, Charity Matthews, and Steven Bullard.Durango Building (DBB 2.316), Downtown Campus
With the cost of technologies declining, why has the cost of health tech continued to rise? Can hospitals afford the latest innovations? This FREE presentation will cover market needs and investment trends in Health IT.Durango Building (DBB 2.112A), Downtown Campus
This exciting event leading up to the UTSA Football season opener with Incarnate Word brings the coaches, players, bands, cheerleaders and fans from both teams together for a spirited pep rally on the San Antonio Riverwalk, which is free and open to the public.Arneson River Theatre, Downtown San Antonio
Home tailgate admission is free to all UTSA Alumni Association members. Non-member adult admission is $20 and children 16 and under are free. Anyone who wants to get Rowdy is welcome! Giveaways, music, UTSA Cheer & Rowdy, Pep Band and more!Alamodome Lot C, 100 Montana St., San Antonio
The Roadrunners open up 2019 play against hometown rival UIW Cardinals.Alamodome, 100 Montana St., 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.