Tuesday, August 04, 2015

UTSA Institute for Economic Development reports $1.6 billion in economic impact

graph

Share this Story

(Feb. 13, 2014) -- Clients of The University of Texas at San Antonio Institute for Economic Development generated $1.6 billion in business growth during fiscal year 2013 including $1.26 billion in increased sales, contracts and exports and $350 million in new capital. It's the second consecutive year the institute and its clients have exceeded the $1 billion threshold.

>> View the institute's 2013 annual report.

The UTSA Institute for Economic Development provides professional business advising, training, research and strategic planning services to entrepreneurs, business owners and community leaders. The Institute primarily serves San Antonio and the Texas-Mexico border area as well as national and international stakeholders, fostering economic development in support of UTSA's community engagement mission.

During fiscal year 2013, the UTSA Institute for Economic Development:

  • Served 36,115 business and community clients including 23,008 training participants
  • Assisted with 8,328 consulting cases and 9,132 research hours
  • Helped launch 523 new businesses
  • Helped expand 519 existing businesses
  • Supported the creation of 4,176 new jobs and the retention of 5,528 jobs

The small business client growth of the institute's clients is indicative of Texas' strength as a leader in the nation's economic recovery. During fiscal year 2013, the IED also partnered with industry and government to conduct research and develop programs to meet business and economic opportunities.

Highlights included:

  • Conducting an economic impact study of the Eagle Ford shale oil and natural gas play. The institute found that the region generated $61 billion in economic impact and supported more than 116,000 regional jobs in 2012. The Eagle Ford shale is now the largest oil and gas play in the world.
  • Conducting an economic impact study on the oil and natural gas play in a 16-county region of West Texas, the institute found that the area generated a total economic impact of more than $14.5 billion and supported 21,450 full-time jobs for workers in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals in 2012.
  • Implementation of municipal capacity building programs and training sessions to assist communities impacted by Eagle Ford shale related growth.
  • Expanding small business trade domestically with the National Export initiative and internationally with the Small Business Network of the Americas initiative to help build the Small Business Development Center network's trade and development partners in 15 countries to date as partners in trade and development.

"Small businesses add up to big growth, and UTSA is committed to providing advising, training and research with high-impact results," said Robert McKinley, UTSA associate vice president for economic development.

------------------------------

About the IED

The University of Texas at San Antonio (UTSA) Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 12 centers and programs provide professional business advising, technical training, research, and strategic planning for entrepreneurs, business owners and community leaders.

Its programs serve San Antonio and the Texas-Mexico border area as well as regional, national and international stakeholders. Together with federal, state and local governments, and private businesses, the UTSA Institute for Economic Development fosters economic and community development in support of UTSA's community engagement mission.

About The University of Texas at San Antonio

The University of Texas at San Antonio (UTSA) is an emerging Tier One research institution specializing in health, energy, security, sustainability, and human and social development. With nearly 29,000 students, it is the largest university in the San Antonio metropolitan region. UTSA advances knowledge through research and discovery, teaching and learning, community engagement and public service.

The university 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.

 

 

Did You Know?

For acclaimed UTSA writer, poetry rhymes with life

Robert Penn Warren said: “How do poems grow? They grow out of your life.” That is certainly true for Carmen Tafolla. An associate professor of practice with the UTSA College of Education and Human Development, Tafolla has authored more than 20 acclaimed books of poetry and prose, including "The Holy Tortilla and a Pot of Beans." It won the Tom´s Rivera Children’s Book Award in 2009.

Tafolla is a San Antonio native who grew up on the West Side. Attending a private high school, she realized that the literature did not positively portray her community or the people who lived there. She determined to change that in her writing. In published works for both adults and children — more than 200 anthologies, magazines, journals, textbooks and readers in four languages — Tafolla reflects on the rich Mexican-American culture of San Antonio in which she grew up.

Did you know? Tafolla was San Antonio's first Poet Laureate, from 2012 to 2014, and currently serves as the Poet Laureate of Texas.

Read More »
Events
Aug. 4, 6 - 8 p.m.

Free Teacher Tuesday: Los Tejanos Workshop

Discover resources and strategies for teaching Tejano history and culture and get a special educator's tour of the new long-term exhibit, Los Tejanos.
Institute of Texan Cultures, 801 E. Cesar E. Chavez Blvd.

Aug. 6, 5 - 7 p.m.; 9 a.m. - 3:30 p.m.

6th Annual Texas Higher Education Symposium

This annual symposium is an opportunity to discuss Texas higher education issues and trends with Texas higher education scholars, state and local government officials, students, and campus and local community members.
Downtown Campus

Aug. 9, 12 - 5 p.m.

Vaquerocation 2015

This cowboy-themed programming, offered in conjunction with Our Kids Magazine's Kidcation Week, gives families the opportunity to visit with cowboy docents, enjoy readings and visit activity tables.
Institute of Texan Cultures, 801 E. Cesar E. Chavez Blvd.

Aug. 17, 11:30 p.m.

Midnight Light

Join President Ricardo Romo, The Spirit of San Antonio Marching Band, students, faculty and staff to light the monument at the Main Campus entrance at the stroke of midnight.
John Peace Boulevard Entrance, Main Campus

Aug. 18, 11 a.m. - 1 p.m.

President's BBQ on the Plaza

Join university President Ricardo Romo on the Bill Miller Plaza for his annual free BBQ lunch.
Bill Miller Plaza, Downtown Campus

Aug. 18, 5:30 p.m. - 7:30 p.m.

President's BBQ on the Lawn

Join university President Ricardo Romo on the Convocation Center lawn for his annual free BBQ lunch.
Convocation Center East Lawn, Main Campus

Aug. 22, 6 p.m.

UTSA Alumni Gala

The UTSA Alumni Association hosts this annual gala honoring the Alumna of the Year, Alumnus of the Year and the Alumnus of the Year Lifetime Achievement award winners.
Hyatt Regency Hill Country Resort & Spa, 9800 Hyatt Resort Dr.


Other Calendars
» UTSA Events | » Academic | » Institute of Texan Cultures

Submit an Event


Meet a Roadrunner

UTSA student contemplates life, love in new book

Victor Cyrus, Jr will see his first book of poetry published this fall

UTSA's Mission

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.

UTSA's Vision

To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.

UTSA's Core Values

We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.

Connect with UTSA News

       


Related Links

Back to Top