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Archives for 2021

Financial analysis program enables UTSA students to support local businesses

The University of Texas at San Antonio Small Business Development Center (SBDC) and the Carlos Alvarez College of Business (C0B) are collaborating on a program to benefit firms and UTSA’s business school students. Known as Financial Analysis by Student Teams (FAST), this project allows area small business owners and students taking Financial Modeling to work together to analyze real-world business challenges.   Now in its third iteration, the collaboration is led by SBDC Assistant Director Ruben S. Lopez and Brian Wolfe, assistant professor in the COB’s Department of Finance. Their program offers small business owners financial analysis to help them make decisions. At the same time, it offers UTSA students the opportunity to get hands-on learning by applying classroom knowledge to a real-world business scenario.   “We are pleased to

Small businesses: Take action to protect against ransomware threats today

Small businesses: Take action to protect against ransomware threats today

News of the Colonial Pipeline being shut down in the U.S. due to a ransomware attack highlights the urgency of the threat and need to take action to defend against it. This software attack led to the decision to shut down the pipeline from Texas that is a main source of fuel for the Eastern U.S. The University of Texas at San Antonio (UTSA) Institute for Economic Development (IED) is sharing steps to take to protect your small businesses and organizations. The threat is real, even for small businesses.  “We recognize and appreciate the fact that small businesses comprise the backbone of our nation’s economy,” said Alejandro Mayorkas, U.S. secretary of homeland security, speaking to a virtual audience of approximately 1,500 small and medium-sized business owners at a May 5th

Institute for Economic Development provided $2.4 billion impact in 2020

Institute for Economic Development provided $2.4 billion impact in 2020

UTSA’s Institute for Economic Development (IED) provided an overall direct economic impact in 2020 of $2.4 billion for the Texas economy. The Institute is part of UTSA’s Knowledge Enterprise. The purpose of IED is to facilitate economic, community and business development at the local, regional and national levels. This development work from the many centers that comprise IED adds up to create this tremendous economic impact for Texas. Almost as soon as the pandemic hit in 2020, IED staff were prepared to help. IED’s Small Business Development Center (SBDC) small business advisors were able to not only continue with their business consulting, training and research but also quickly pivot to help bring pandemic relief to small businesses, including financial assistance via SBA Paycheck Protection Program (PPP) and Economic Injury Disaster

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501 W. Cesar E. Chavez San Antonio, Texas 78207
210.458.2020

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The Institute for Economic Development is funded in part through the State of Texas and a Cooperative Agreement with the U.S. Small Business Administration. Reasonable accommodations for persons with disabilities or limited English proficiency will be made if requested at least two weeks in advance.