UTSA Institute for Economic Development added $3 billion to Texas economy in 2021 | UTSA Today | UTSA
“The IED is a important part of UTSA’s knowledge organization and their $3 billion economic effect for the state of Texas is staggering,” explained Bernard Arulanandam, UTSA vice president for research, financial growth, and information enterprise. “Combining this milestone with the greater, at any time-evolving UTSA innovation ecosystem and a aim on technological innovation disclosures, patents and proofs-of-concept, our division is poised for progress and increased help of our stakeholders which contains faculty, pupils and investigate partners notably in the downtown main.”
Through the 2021 fiscal yr, the Institute:
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- Served 40,693 business and group consumers
- Presented trainings and workshops to 26,020 individuals
- Sent 10,329 consulting conditions
- Aided commence up 469 new firms
- Aided scale up 496 present businesses





As companies in San Antonio, in Texas and all around the nation continue to get the job done to achieve energy in the midst of the pandemic, the IED is guiding customers and advising constituents on how to rebuild and transfer forward.
San Antonio physician Esteban Lopez tapped the IED for assistance in these unsure situations.
Lopez contacted the UTSA Tiny Business Development Center (SBDC) for support in opening Hopscotch Well being, a pediatric urgent care facility in San Antonio. Tracie Shelton Hervey, a accredited business advisor at the SBDC, collaborated with Lopez to analysis and build a tactic for the facility’s launch. With supplemental assist from UTSA-hosted SBDCNet, the workforce discovered two spots that best in shape the qualified demographic for his clinic.
To day, Lopez has by now made five new whole-time careers and sees his two clinic spots as the starting of a greater community. He options to open 6 extra areas in San Antonio in the coming decades.
“The SBDC was an a must have resource to enable me go from an thought to a business that’s now serving to treatment for countless numbers of little ones throughout the location during the pandemic,” Lopez explained. “The SBDC helped me every single action of the way. They are a excellent assistance to budding entrepreneurs.”
“Dr. Lopez’s tale demonstrates the results just one can achieve—even in rough times—when we have the will and accessibility to resources,” additional Rod McSherry, UTSA affiliate vice president for innovation and financial advancement. “Fortunately, our Institute at UTSA presents resources to enable numerous Texas modest firms get started off and continue on rising. This expansion is crucial to Texas due to the fact these compact businesses are the financial motor of our wonderful point out.”
