From helping small businessowners to new campus plans, UT San Antonio contributed to the city’s economic growth in many ways this year.
Economic impact
In April, the UT San Antonio Jude Valdez Institute for Economic Development (VIED), released its annual report showing it had an overall $1.8 billion in direct economic impact on the local and state economy.
The institute draws from federal, state and local support to operate 10 centers and 18 programs that serve startups, existing businesses and policymakers seeking strategic economic growth through local, regional, national and international initiatives.
The economic impact metric encompasses all new financing, investments, sales, contracts and exports for its thousands of clients, the businesses that open and create more than 77,000 jobs in the state.
One Riverwalk Place
In August, the university opened the doors of One Riverwalk Place, 700 N. St. Mary’s St., the most recent acquisition supporting the university’s ongoing strategic expansion in downtown San Antonio.
UT San Antonio completed the building purchase in March with the goal of supporting the university’s long-term vision and Campus Master Plan to promote community partnerships and provide meaningful opportunities to learn and work in the city’s urban core.
One Riverwalk Place is part of a larger, long-term district planning initiative that supports the university’s downtown development while also examining how space is used on all university campuses across San Antonio.
Growth and success
The district planning initiative reached a key milestone in October when the team released its final report.
The assessment evaluated space needs across the university’s academic campuses and provides a growth framework, addressing immediate priorities and opportunities for long-term development.
Read more about the proposed strategies for the Main Campus, Downtown and Park West locations.