SAN ANTONIO, January 30, 2017 – America’s Small Business Development Centers (ASBDC) across the country create a new job every five minutes, a new business every 31 minutes, generate $100,000 in new sales every seven minutes, and generate $100,000 in capital every 11 minutes. As a major network within the ASBDC, the South-West Texas Border SBDC Network (SWTXB SBDC) kicks off the year with the release of its 2016 Annual Report, reflecting huge economic impact for the State of Texas. The SWXTB SBDC Network is hosted by the Institute for Economic Development at the University of Texas at San Antonio.
During the 2016 Fiscal Year, the SWTXB SBDC Network:
- Served 29,571 business and community clients
- Provided trainings and workshops to 22,474 participants
- Delivered 7,097 consulting cases
- Helped launch 590 new businesses
- Help expand 499 existing businesses
- Supported the creation of 6,011 new jobs and the retention of 6,443 jobs
The SWTXB SBDC Network is comprised of 10 field centers across South, Central and West Texas. Stretching across 79 counties, the vast territory of the SWTXB SBDC Network encompasses 108,000 square miles including the Texas capitol. The Network keeps its mission aligned to support the State of Texas in job creation, international trade and investment, small business advocacy, entrepreneurial support, and business retention and expansion.
SBDC clients in Texas continue to outperform the average Texas business in sales and employment. Those clients’ expanded growth margins generated more than $62 million in additional state tax revenues for Texas.
“The South-West Texas Border SBDC Network and its affiliate SBDC host institutions extend great thanks to our business and community clients, economic development allies and team members for the diligent work and service that helps grow the Texas economy,” said Albert Salgado, SWTXB SBDC Network Director.
About UTSA’s Institute for Economic Development
The UTSA Institute for Economic Development (IED) is dedicated to growing businesses, creating jobs, and fostering economic development. Focused on building the economy one business at a time, the Institute consists of 10 centers and programs that provide professional business advising, technical training, research, and strategic planning for entrepreneurs, business owners and community leaders. These programs serve Greater San Antonio, the Texas-Mexico border area as well as regional, national and international stakeholders. Together with the federal, state and local governments, and private businesses, the UTSA Institute for Economic Development fosters economic and community development in support of UTSA’s community engagement mission. In 2016, the Institute generated direct regional economic impact of 7,517 jobs, started 591 new businesses, $447 million in new financing, $78 million in new tax revenue and exceeded $1.4 billion in new sales, exports and contracts. For more information, visit www.iedtexas.org
For more information, contact
Jennilee Garza, Senior Communications Coordinator
Institute for Economic Development