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Institute for Economic Development conducts research report for San Antonio Economic Development Foundation

Institute for Economic Development conducts research report for San Antonio Economic Development Foundation

(July 30, 2013) The UTSA Institute for Economic Development recently conducted a research report for the San Antonio Economic Development Foundation (SAEDF). The report focuses on businesses that were attracted to the San Antonio area or that expanded in 2012.

Twenty-five companies were included in the study representing a wide variety of industries including several national operations and data centers that continue to put San Antonio on the map as an emerging national support hub. Oil and gas industries also remain be big players in the upcoming economic landscape as Shale plays are on the rise in South Texas and around the state.

Forecasts for the twenty-five firms over the first full year of operation show over $1.05 billion in total economic impact and the creation of 7,053 direct and secondary jobs.

Thomas Tunstall, research director for the Institute for Economic Development who oversaw the SAEDF report says, “These numbers signify that San Antonio is growing and continuing to be successful in not only attracting companies to our economic landscape, but also helping them stay here and grow here. This is great news for our business community.”

For a full copy of the report, click here.

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