Institute for Economic Development celebrates 30 years of growing businesses

Institute for Economic Development

Institute for Economic Development, UTSA Downtown Campus

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(Nov. 3, 2009)--The UTSA Institute for Economic Development (IED) is celebrating its 30th year of "building the economy -- one business at a time." In 2008 alone, the institute's centers provided services to more than 30,000 businesses, extending far beyond the local economy to national and international audiences.

Beginning as a single economic development center in 1979 devoted to harnessing the university's business knowledge, the UTSA Institute for Economic Development now boasts a multi-center network of economic development expertise. Since 1979, UTSA's economic development centers have helped to create more than 2,500 businesses and more than 40,000 jobs. Additionally, IED activities have supported more than $10.2 billion in new sales, contracts and exports, as well as helped clients to access more than $1.6 billion in capital.

"Through every stage of our development, we have remained committed to the small-business person and the entrepreneurial dream," said Robert McKinley, UTSA associate vice president for economic development.

Services include helping entrepreneurs plan and start a business, finding financing for new ventures, helping established businesses grow and expand, and helping communities research and plan for responsible growth. In addition to one-on-one counseling for individual clients, the IED provides research services for small-business development centers around the country.

Some of IED's successful clients from a variety of industries include Veronica Edwards (InGenesis Inc.), Alfonso Tomita, (Sushi Zushi), Rene Benavides and Josie Benavides (Mariachi Connection), Kimberly Jordan (UEMC Inc.), Valerie Gonzalez (Delicious Tamales), Darren Patrick (Rainbow Play Systems) and Alejandro Maya (Sprocket Video).

The institute's program structure includes the South-West Texas Border Small Business Development Center Network, San Antonio Small Business Development Center (SBDC), International Trade Center, Contracting Resource Center, SBDC National Information Clearinghouse, Southwest Trade Adjustment Assistance Center, Minority Business Enterprise Center, Rural Business Program, Center for Community and Business Research, and San Antonio Technology Accelerator Initiative (SATAI).

For more information about the Institute for Economic Development's programs, partners and successes, contact Lynn Gosnell at (210) 458-2958.

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About the Institute for Economic Development

Comprising 10 centers and programs, the Institute for Economic Development at the UTSA Downtown Campus provides consultation, technical training, business research and planning services to assist small businesses and entrepreneurs in establishing and growing their businesses. In 2008, more than 30,000 businesses were served with outreach to regional, national and international entrepreneurs. Learn more at the UTSA Institute for Economic Development Web site.