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  • 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

News & Media

  • 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

    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

    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

  • UTSA Institute for Economic Development helps fuel economy and job growth

    SAN ANTONIO, Feb. 28, 2019 – Through business advising to more than 43,000 business and community clients, the UTSA Institute for Economic Development generated $2.9 billion in direct economic impact nationwide, according to its newly released 2018 annual report. Of those who received advising, training and business research assistance, over 1000 businesses were started or experienced significant growth, resulting in the creation or retention nearly 20,000 jobs. These businesses generated $291 million in new financing and $35 million in new tax revenue, with new sales, contracts and exports valued at $2.6 billion dollars. During the 2018 fiscal year, the Institute: Served 43,320 business and community clients Provided trainings and workshops to 30,815 participants Delivered 7,694 consulting cases Helped start up 565 new businesses Helped scale up 534 existing businesses Supported the creation of 6,238 new jobs and the

  • UTSA, Small Business Administration to Connect Businesses with Opportunities for National Small Business Week

    UTSA South-West Texas Border SBDC Network will honor area Small Business Week awardees and will offer educational and lender networking sessions for entrepreneurs. SAN ANTONIO, April 13, 2018 – As part of UTSA’s mission to engage with its business community, the UTSA South-West Texas Border SBDC Network invites local business owners to attend San Antonio’s Small Business Week: “Connecting Business with Opportunity.” Every year since 1963, the President of the United States has declared National Small Business Week to recognize the important role and contributions of America’s small businesses. This year, National Small Business Week takes place from April 29 – May 5. In partnership with the Small Business Administration (SBA) San Antonio District Office and the UTSA Institute for Economic Development, the South-West Texas Border SBDC Network will highlight the national

  • UTSA Institute for Economic Development Generates $1.9 Billion in Direct Economic Impact Nationwide

    SAN ANTONIO, January 8, 2018 – Through business advising to more than 34,000 business and community clients, the UTSA Institute for Economic Development generated $1.9 billion direct economic impact nationwide, as reported in its newly released 2017 annual report. Comprised of nine centers, the Institute is the most comprehensive business development toolkit strengthening economies locally, nationally and internationally. During the 2017 fiscal year, the Institute: Served 34,897 business and community clients Provided trainings and workshops to 22,127 participants Delivered 8,186 consulting cases Helped start -up 626 new businesses Helped scale-up 474 existing businesses Supported the creation of 7,350 new jobs and the retention of 9,990 jobs The UTSA iInstitute leads the expansion of the Small Business Network of the Americas. The international initiative has guided 22 western countries to adopt

  • UTSA MBDA Business Center San Antonio hosts Minority Enterprise Development (MED) Week, announces award recipients

    The 35th Annual 2017 MED Week Awards Ceremony will recognize minority entrepreneurs and minority-owned businesses that have exemplified excellence and innovation across various industries and have contributed to San Antonio’s economy.  SAN ANTONIO, October 5, 2017 – The UTSA Institute for Economic Development’s Minority Business Development Agency (MBDA) Business Center San Antonio will host its 35th Annual Minority Enterprise Development Week (MED Week) from October 9-13, 2017. This year’s theme, “Bridging Generations,” highlights area entrepreneurs and businesses from across generations that have impacted the San Antonio region. Funded by the Minority Business Development Agency (MBDA), an agency within the U.S. Department of Commerce, the MBDA Business Center San Antonio is part of a nationwide network of more than 40 MBDA business centers that have business specialists who support minority businesses

  • UTSA’s South-West Texas Border SBDC Network Provides Assistance to Small Businesses Impacted by Hurricane Harvey

    SAN ANTONIO, September 18, 2017 – In the days since Hurricane Harvey’s Texas landfall last month, UTSA’s South-West Texas Border (SWTXB) Small Business Development Center (SBDC) Network has been coordinating efforts with the U.S. Small Business Administration (SBA) to assist Texas small businesses impacted by the devastating Category 4 storm, which yielded unprecedented damage and destruction. The SWTXB SBDC Network comprised of 13 SBDC centers across 79 counties throughout Central, West, and South Texas, includes affiliate centers at the Del Mar College SBDC in Corpus Christi, University of Houston-Victoria SBDC, and Texas State University SBDC in Austin. All three affiliate centers have coordinated with FEMA and the SBA to provide disaster assistance to small businesses in the affected areas. Many business owners are dealing with personal losses, in addition to

  • Chile completes nationwide network of 51 Small Business Development Centers (SBDC), strengthens economy, under guidance of UTSA Institute for Economic Development

    The UTSA Institute for Economic Development has worked with 20 countries in the western hemisphere to transfer the U.S. SBDC model abroad, strengthening foreign economies and creating market access for U.S. businesses.   SAN ANTONIO, (August 22, 2017) – Less than two years since Chilean President Michelle Bachelet celebrated the opening of Chile’s first Small Business Development Center (SBDC) in Valparaiso, the country commemorated the completion of its national SBDC network with the opening of its 51st Center in early August. Robert McKinley, UTSA sr. associate vice president for economic development, and Cliff Paredes, SBDC International Trade Center director, attended the commemoration ceremony; the two spearheaded UTSA’s efforts to guide Chile through President Bachelet’s initiative to support inclusive development across her country. In 2015, Chile began implementing the U.S. SBDC

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