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  • 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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  • UTSA Institute for Economic Development’s MBDA Business Center San Antonio Announces Annual Event for Minority Business Owners and 2016 Award Recipients

    SAN ANTONIO, October 6, 2016 – The UTSA Institute for Economic Development’s Minority Business Development Agency (MBDA) Business Center San Antonio will host its 34th Annual Minority Enterprise Development Week (MED Week) from October 14-20, 2016. This year’s theme, “The Flow of Entrepreneurship: Past / Present / Future,” will celebrate minority entrepreneurs and their champions.  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 access markets and capital. The media is invited to attend the awards luncheon: On October 20, the San Antonio MBDA Business Center will host its Annual MED Week Awards Luncheon from 11:30

  • UTSA SBDC Technology Commercialization Center one of 21 FAST grant awardees nationwide; only Texas awardee

    The SBDC Technology Commercialization Center is the first Center within The UT System to earn a FAST grant award.   SAN ANTONIO, September 1, 2016 – The U.S. Small Business Administration (SBA) Office of Innovation & Technology has awarded a Federal and State Technology (FAST) Partnership Program grant to the SBDC Technology Commercialization Center (SBDC TCC) of UTSA’s Institute for Economic Development. UTSA is the first University of Texas system institution, and one of only two institutions in the state of Texas to have ever received the award. The Center’s Texas-FITT (Federal Innovation and Technology Transfer) program is focused on increasing the participation and award success for innovative entrepreneurs and small technology firms in Small Business Innovation Research (SBIR) / Small Business Technology Transfer (STTR) program. The awards greatly enhance

  • UTSA supports rural Texans with a state-wide conference

    The UTSA Small Business Development Center (SBDC) Rural Business Program and the Governor’s Small Business Forum, will host the 7th annual Texas Rural Challenge June 9-10 at the Waco Convention Center and Hilton Waco. This year’s theme is “Small town BIG IDEAS”. Keynote Speakers include: • Sid Miller – Commissioner, Texas Department of Agriculture • Carlos Cascos – Texas Secretary of State • Libby Lane, Libby Lane Leather Goods • Carrie Kelleher – Small Business Owner The Governor’s office will present Governor’s Small Business Awards to 2-3 exemplary small businesses. Additional breakout sessions feature expert panelists in water, entrepreneurship, community development, tourism, and rural housing. “The Texas Rural Challenge is different from other conferences because it offers an opportunity for rural Texans to engage with one another, openly discuss best

  • New Paradigms for Student Researchers

    While some think of interns and student workers as assistants who take care of rote tasks, IED student researchers are changing that paradigm and have fuller roles steeped in experiential learning. Instead of seeing an IED student researcher hovering over a copy machine or running errands around campus, you might see him or her briefing an international delegation, developing a foreign investment business plan, accessing a specialized database to develop a marketing plan for a national client, conducting data collection, or presenting research findings to a CEO. “Student researchers are a critical component of our client’s success,” said UTSA Sr. Associate Vice President for Economic Development Robert McKinley, “Their research provides entrepreneurs with valuable information and solutions, meanwhile students gain practical experience.” In 2015, the IED generated $2.6 billion in economic

  • Bexar County taps UTSA to conduct African American Business Enterprise (AABE) Research Study

    Bexar County has partnered with UTSA to conduct research that will provide greater insight into how the county can support and strengthen African American Business Enterprises (AABEs). The UTSA study was contracted after Bexar County identified a gap in qualified AABEs that can participate in Small, Minority and Women Owned Business Enterprise (SMWBE) and related contract programs in the Alamo region. The Center for Community and Business Research in the UTSA Institute for Economic Development is conducting the study, focusing on AABEs in eight counties in the San Antonio-New Braunfels MSA: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and Wilson. By the end of the study, UTSA researchers will have: Identified and compiled a comprehensive list of AABEs in the Alamo region that can be used to increase the number

  • 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

  • New UTSA study stresses diversification in economic development for oil boom towns

    In a new study published in The Journal of Regional Analysis & Policy, Thomas Tunstall, research director of the UTSA Institute for Economic Development, describes how regions affected by the oil boom in the Eagle Ford Shale can avoid becoming ghost towns after the revenues dry up. “There may be 1,000 or more ghost towns in Texas,” Tunstall said. “We have to figure out a way to keep the communities that are still here viable.” In his new study, Tunstall looks at several Eagle Ford Shale counties and towns whose fortunes have been made since the oil boom in the past five years. And though the area could continue producing at a high rate for years, the key to sustaining an economy in previously sleepy towns is to use that

  • Celebrating our Commitment to the Texas Economy – Small Business Development Centers recognized for 35 years of service

    In 35 years, America’s Small Business Development Center has grown from a small pilot program to a nationwide business education and training infrastructure with nearly 1,000 centers throughout the nation providing management and technical assistance to over a million Americans annually. Charles Tee Rowe, President of Americans SBDC said, “America’s small businesses are truly the engine of economic growth, and for 35 years, America’s SBDC has been like the spark plugs keeping the engine going.” With the assistance of SBDCs, a new business is opened every 33 minutes with a new job being created every 7 minutes. As a part of the America’s SBDC family, UTSA’s South-West Texas Border SBDC and partner affiliate Network serves a 79-county region in Texas through 10 strategically located field offices. Alpine: Sul Ross State

  • 2015 San Antonio Minority Enterprise Development Week: UTSA and Governor’s Office partner to host key event for minority business owners

    The UTSA Institute for Economic Development MBDA Business Center, the MED Week Consortium, and the Office of the Governor are partnering to present the 2015 Minority Enterprise Development Week (MED Week), featuring a Governor’s Small Business Forum, October 13-16. The showcase awards luncheon will be held October 15th at the Norris Conference Center. This year’s theme is “Strengthening Tomorrow’s Workforce.” In addition to the annual awards luncheon honoring local minority small businesses and advocates, the MED Week Consortium will also be offering a business resource component. Both before and after the luncheon there will be a number of business essentials resource exhibitors present for attendees to network, gather information, and find potential resources to grow their business. Vendors include the UTSA Institute for Economic Development, Workforce Solutions Alamo, Liquid Capital

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