To Our Stakeholders,
Jobs, business growth and competitiveness for a more prosperous Texas and nation are as important as ever headed into 2017 and beyond. Our business and community clients, economic development allies and team members of the UTSA Institute for Economic Development have a solid base upon which to build, reflected in this 2016 Annual Report.
Over 41,000 entrepreneurs tapped into Institute services last year, in both start-up and scale-up segments, a new record. A big spike in business training (28,720) and market research (4,630) for winning strategies led this demand surge, along with a steady consulting caseload of 8,000 projects.
The resultant direct economic impacts reached $1.9 Billion, outlined on the facing page, which represents the aggregate business growth in terms of expanded capital and market access derived from our Institute consulting work this past year.
Comprised of ten programs offering the most comprehensive tool-kit in the region for business and community development, the Institute is placing new emphasis on scale-up growth industry clusters and technology commercialization, in addition to core strengths in 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 development.
Notably on the international front, the Institute continues to lead expansion of the “Small Business Network of the Americas,” now with 20 Western Hemisphere countries adopting UTSA’s Small Business Development Center methodology. Major implementations are underway in Central America with 50 SBDCs to-date, Chile adding another 50, and Colombia in process for 117, along with continuing projects in the Caribbean, Mexico, and Argentina to join soon as well.
“Building the economy one business at a time” guides the quality and effectiveness of Institute services, yet scaled massively to strengthen Texas here at home, and build key international market connections with our partners internationally. The UTSA banner gets carried prominently as we continue to build our top-tier university for our top-tier city and state. Many thanks to all our partners, stakeholders, team members and especially our clients to make this success possible.
Senior Associate Vice President for Economic Development
The University of Texas at San Antonio