APRIL 12, 2023 — Drawing on its commitment to advance social mobility and economic prosperity, UTSA contributed $2.5 billion in total output to the Greater San Antonio economy in FY 2021, a 30% jump over three years according to its "Economic Contributions of The University of Texas at San Antonio Fiscal Year 2021 report." This significant economic contribution was driven in large part by UTSA’s new designation as a Tier One research university, which enabled the university to secure more funding for innovative research and expand its advising services to business owners and entrepreneurs in South Texas.
UTSA attained the Tier One designation in December 2021. The classification, also known as Carnegie R1, aligns the university with the top 4% of U.S. research institutions, an elite class of colleges and universities that are at the forefront of research and innovation.
Tier One institutions support their regions by drawing new talent and innovative businesses and by advancing collaborative research programs, joint funding applications and research exchanges. They attract the world’s brightest minds and educate their workforce to tackle pressing global challenges.
“When you look at cities with strong economies, the likelihood is very high that they will be home to one or more Tier One research universities. These anchoring institutions have the ability to dramatically fuel social mobility and economic prosperity in their regions,” said UTSA President Taylor Eighmy. “The Institute for Economic Development’s study provides an indicator of just how significant that impact can be. It validates what our supporters have known for a very long time: An investment in UTSA is an investment in San Antonio and the state of Texas.”
Led by Javier Oyakawa, senior economist, and Tom Tunstall, senior director of the Center for Community and Business Research (CCBR), at the UTSA Institute of Economic Development (IED), the FY 2021 economic report measured UTSA’s contribution and impact in four categories: (1) out-of-the-area student expenditures and spending; (2) operations and maintenance expenditures, including salaries and wages; (3) capital and construction expenditures and (4) the community engagement work of the university’s Institute for Economic Development.
Spending was recorded in the San Antonio Metropolitan Statistical Area (SAMSA), defined as the eight-county region that includes Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson Counties.
Out-of-SAMSA and international student expenses accounted for $298 million of UTSA’s total output impact. The university generated this impact from 13,410 students out-of-SAMSA and international students in FY 2021. These students directly spent $197.7 million on living expenses, which is considered “new money” for the area.
The university’s operating expenditures, including wages and salaries for its faculty and staff and spending on research and development programs, generated a total output contribution of $1.1 billion. Over the past five years alone, UTSA’s research spending has risen steadily by 106% from $67.8 million in FY 2017 to $140 million in FY 2021, driven sharply by transformative research programs in national security, biomedicine and other areas.
UTSA’s multimillion-dollar investment to increase its footprint in downtown San Antonio generated a $112.9 million total output impact. This includes construction projects such as San Pedro I, which opened in January 2023 and houses the UTSA School of Data Science and National Security Collaboration Center.
A sizeable portion of UTSA’s total contribution was derived from the activities of the IED, which provides growth services and counseling to small businesses in San Antonio and South Texas. In addition to helping its clients generate $944.4 million in total output contribution, the institute helped its clients create or retain jobs which resulted in a total contribution of 5,022 positions and was an instrumental resource to business owners during the pandemic.
UTSA activities generated $39.7 million in local government revenues, a 20% increase from the $32.7 million reported in 2018. At the same time, the university generated $33.2 million in state government revenues.
“Obtaining R1 status is strengthening UTSA’s rapid trajectory as a driver of economic opportunities and social mobility for the Greater San Antonio region,” said Rod McSherry, UTSA associate vice president of economic development. “As the university advances its strategic plan in the coming years, we expect this impact to grow even more.”
Don’t know where to start in looking for a job or internship? Virtually join in a live job/internship search navigation lab-style workshop. Follow along to bookmark and save opportunities you are interested in applying for.Student Union (SU 2.02.04,) Main Campus
Don’t know where to start in looking for a job or internship? 🔍 Primary platforms utilized during this workshop are Handshake and LinkedIn. Some industry-specific job search boards may be utilized.Student Union (SU 2.02.04,) Main Campus
First Friday Stargazing gives anyone free access to the night sky using university telescopes and teaching equipment. Weather permitting, experienced astronomers will provide a handful of telescopes of varying designs, give training on how each operates, and point to various astronomical objects that may appear in the sky for that given time of the year. If you have a telescope and do not know how to operate it, feel free to bring it and get instructions on its use.4th Floor of Flawn Science Building, Main Campus
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