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Institute for Economic Development boasts a record year of $2.6 billion in direct economic impact

Institute for Economic Development boasts a record year of $2.6 billion in direct economic impact

In 2015, an average working day for the UTSA Institute for Economic Development 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 over 30 new jobs.

This year, the Institute achieved yet another milestone in it’s 36 year career with over $2.6 billion of direct economic impact including new financing, investments, sales, contracts, and exports, resulting in a 33% increase from last year. During the fiscal year, the Institute for Economic Development:

  • Served 34,256 business and community clients
  • Provided trainings and workshops to 21,339 participants
  • Delivered 8,219 consulting cases and 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 Institute remains a prominent source of research for 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 a Preliminary Report on the Economic Impact and Legal Analysis of the Shale Oil and Gas Activities in Mexico.

The Institute has also continued to expand the Small Business Development Center (SBDC) footprint across the globe 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 universities and colleges across the United States and has become an international best practice with documented business growth results. To date, 20 different countries have been assisted by UTSA resulting in over 100 SBDCs launched internationally with close to 200 more centers projected to over 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, Senior Associate Vice President
for Economic Development at UTSA. “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.”

View the full UTSA Institute for Economic Development Annual Report here.

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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.