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UTSA Institute for Economic Development completes study on impact of San Antonio EDF in 2014

UTSA Institute for Economic Development completes study on impact of San Antonio EDF in 2014

According to a study conducted by the UTSA Institute for Economic Development, the San Antonio Economic Development Foundation (SAEDF) assisted 28 companies that generated $1.1 billion in economic impact.

The SAEDF report focuses on businesses that were attracted to the San Antonio area or that expanded in 2014.

The companies represent a variety of industry sectors including information technology, manufacturing, distribution and energy. The information technology sector, including business process outsourcing and information security operations, demonstrated the strongest growth with over 3,000 new jobs, representing about 60 percent of all growth for the year. In 2013, manufacturing jobs accounted for the largest growth with 70 percent.

“These numbers show that San Antonio’s economy is experiencing a growth trend that is dually propelled by recruitment, as well as business retention and expansion efforts. A significant bump in technology sector opportunities means that San Antonio is growing more diverse in the industries it supports and that the region is becoming more attractive for this innovative and promising growth sector,” said Thomas Tunstall, research director for the Institute for Economic Development.

To help illustrate the secondary effects of new industry growth on the economy, the SAEDF report estimates new home and new vehicle sales for a one- to five-year period. The 2014 growth will result in an additional 599 homes constructed and 1,521 cars and light trucks produced. By 2018, the report estimates more than 1,750 homes built and over 4,443 vehicles produced to accommodate the 2014 growth.

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View the full report here
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