Texas economy

UTSA Institute for Economic Development Added $3 Billion to Texas Economy in 2021 | UTSA today | UTSA

“IED is a critical part of UTSA’s knowledge business and its $3 billion economic impact for the State of Texas is staggering,” said Bernard Arulanandam, UTSA Vice President for Research, Economic Development and Knowledge Enterprise. “Combining this milestone with the broader and ever-evolving UTSA innovation ecosystem and focus on technology disclosures, patents and proofs of concept, our division is poised for growth and increased support from our parties. stakeholders, including faculty, students and research partners downtown.”

In fiscal year 2021, the Institute:

  • Served 40,693 business and community customers
  • Training and workshops delivered to 26,020 participants
  • Delivery of 10,329 consultation files
  • Start-up assistance for 469 new businesses
  • Helped grow 496 existing businesses

As businesses in San Antonio, Texas and across the country continue to work to get stronger amid the pandemic, IED is guiding customers and advising voters on how to rebuild and move forward .

San Antonio doctor Esteban Lopez turned to IED for help in these uncertain times.

Lopez contacted the UTSA Small Business Development Center (SBDC) for assistance in opening Hopscotch Health, a pediatric urgent care facility in San Antonio. Tracie Shelton Hervey, a certified business advisor at SBDC, worked with Lopez to research and develop a strategy for launching the facility. With additional help from SBDCNet hosted by UTSA, the team identified two locations that best matched the target population for their clinic.

To date, Lopez has already created five new full-time jobs and sees her two clinics as the start of a larger network. It plans to open six more locations in San Antonio in the coming years.

“The SBDC has been an invaluable resource in helping me grow from an idea into a business that is now helping to care for thousands of children in the region during the pandemic,” Lopez said. “SBDC has helped me every step of the way. They do budding entrepreneurs a great service.

“Dr. Lopez’s story demonstrates the success that can be achieved, even in difficult times, when we have the will and access to resources,” added Rod McSherry, UTSA Associate Vice President for Innovation and Economic Development. “Fortunately, our institute at UTSA provides resources to help many small businesses in Texas get started and continue to grow. This growth is important for Texas because these small businesses are the economic engine of our great state. »