UTSA Institute for Economic Development boasts a record year of $2.6 billion in direct economic impact
(Jan. 12, 2016) -- In 2015, an average working day for the UTSA Institute for Economic Development (IED) resulted in 137 small businesses receiving advising or training, the acquisition of $2 million in business growth capital, $8.7 million of sales/contracts/exports being realized, and the creation of more than 30 new jobs.
This year, the IED achieved yet another milestone in its 36-year career with more than $2.6 billion of direct economic impact including new financing, investments, sales, contracts and exports, a 33 percent increase over last year. During the fiscal year, the IED:
- Served 34,256 business and community clients
- Provided training and workshops to 21,339 participants
- Managed 8,219 consulting cases and delivered 76,137 research hours
- Helped launch 657 new businesses
- Helped expand 585 existing businesses
- Supported the creation of 8,251 new jobs and the retention of 5,446 jobs
The IED also remained a prominent source for research on the dynamic energy sector, with numerous publications this year, including Economic Impact of the Eagle Ford Shale (2014), Economic Impacts of Natural Gas Fueling Station Infrastructure and Vehicle Conversions in the Texas Clean Transportation Triangle and Preliminary Report on the Economic Impact and Legal Analysis of the Shale Oil and Gas Activities in Mexico.
The IED has continued to expand the Small Business Development Center (SBDC) footprint around the world through its leadership of the U.S. State Department’s Small Business Network of the Americas. The SBDC model has evolved over 35 years at 1,100 colleges and universities across the U.S. and has become an international best practice with documented business growth results. To date, 20 different countries have been assisted by UTSA resulting in more than 100 SBDCs launched internationally. Close to 200 additional centers are projected to open during the next year.
“Our clients and programs continue to grow and evolve together. New opportunities in industry clusters and supply-chains, advanced manufacturing, technology commercialization and global markets reach are emerging,” said Robert McKinley, UTSA senior associate vice president for economic development. “As one of the top performing university-based economic development organizations in the nation, the UTSA Institute for Economic Development is strategically positioned to fill these needs.”
The UTSA Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development. Its 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, the Texas-Mexico border area, and regional, national and international stakeholders. Together with federal, state and local governments, and private businesses, the Institute fosters economic and community development in support of UTSA’s community engagement mission.
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Events
This event will acknowledge graduating seniors from the McNair Scholars program at UTSA before inducting the new cohort of scholars into the program.
North Paseo Building (NPB 5.140), Main CampusAt this memorable celebration, UTSA graduates will be introduced one-by-one to cross the stage and accept their doctoral degrees.
Arts Building Recital Hall, Main CampusRoadrunner Walk is an event for graduating students to have a memorable walk on campus to celebrate an important milestone and their achievements. Graduates will walk along the Paseo while being celebrated by the UTSA community, friends, and family members.
Student Union Paseo, Main CampusCelebrate the accomplishments of College of Education and Human Development, College for Health, Community and Policy, College of Sciences and University College.
Alamodome, 100 Montana St.Celebrate the accomplishments of Alvarez College of Business, College of Liberal and Fine Arts and Klesse College of Engineering and Integrated Design.
Alamodome, 100 Montana St.