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UTSA Institute for Economic Development Reports $1.6 billion in Economic Impact

UTSA Institute for Economic Development Reports $1.6 billion in Economic Impact

(Feb. 13, 2014) Clients of The University of Texas at San Antonio Institute for Economic Development generated $1.6 billion in business growth during fiscal year 2013 including $1.26 billion in increased sales, contracts and exports and $350 million in new capital. It’s the second consecutive year the institute and its clients have exceeded the $1 billion threshold. View full report here.

The UTSA Institute for Economic Development provides professional business advising, training, research and strategic planning services to entrepreneurs, business owners and community leaders. The Institute primarily serves San Antonio and the Texas-Mexico border area as well as national and international stakeholders, fostering economic development in support of UTSA’s community engagement mission.

During fiscal year 2013, the UTSA Institute for Economic Development:

  • Served 36,115 business and community clients including 23,008 training participants
  • Assisted with 8,328 consulting cases and 9,132 research hours
  • Helped launch 523 new businesses
  • Helped expand 519 existing businesses
  • Supported the creation of 4,176 new jobs and the retention of 5,528 jobs
  • The small business client growth of the institute’s clients is indicative of Texas’ strength as a leader in the nation’s economic recovery.
  • During fiscal year 2013, the IED also partnered with industry and government to conduct research and develop programs to meet business and economic opportunities.

Highlights included:

  • Conducting an economic impact study of the Eagle Ford shale oil and natural gas play. The institute found that the region generated $61 billion in economic impact and supported more than 116,000 regional jobs in 2012. The Eagle Ford shale is now the largest oil and gas play in the world.
  • Conducting an economic impact study on the oil and natural gas play in a 16-county region of West Texas, the institute found that the area generated a total economic impact of more than $14.5 billion and supported 21,450 full-time jobs for workers in oil and gas, drilling, support operations, pipeline construction, refineries and petrochemicals in 2012.
  • Implementation of municipal capacity building programs and training sessions to assist communities impacted by Eagle Ford shale related growth.
  • Expanding small business trade domestically with the National Export initiative and internationally with the Small Business Network of the

“Small businesses add up to big growth, and UTSA is committed to providing advising, training and research with high-impact results,” said Robert McKinley, UTSA associate vice president for economic development.

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