San Antonio MBDA Business Center ranked #1 nationally

Attention: open in a new window. PDFPrintE-mail

Access to markets and capital, as well as job creation, new clients and sales increase were tops in nation

The San Antonio MBDA Business Center (MBC) received the National Outstanding Performance Award for their 2009 economic development results. MBC is one of 11 centers and programs that comprise the UTSA Institute for Economic Development.

The U.S. Department of Commerce Minority Business Development Agency recognized the local center for its outstanding overall performance in numbers of new clients, jobs created, financial transactions, contracts awarded, and increase in sales, among other factors. The local MBC, one of 46 similar centers around the country, uses a one-on-one intensive consulting approach to assist with the expansion and development of minority-owned firms. In San Antonio, the center has been active since 1982, serving well over 3,000 clients throughout its history.

In 2009, San Antonio MBC clients secured more than $23 million in contracts and procurements, $22 million in financial transactions, posted an increase in sales of almost $2 million, and created 252 jobs. The center’s staff added almost 200 new clients to the MBEC roster and recorded more than 3,500 consulting hours.

“I want to thank all our stakeholders for making us reach to the top spot nationwide, especially UTSA and the Institute for Economic Development for facilitating resources and support, as well as my staff for all their hard work,” said Orestes Hubbard, director, San Antonio Minority Business Enterprise Center. “We look forward to helping our clients achieve even more success in 2010 and beyond,” Hubbard added.

MBC’s national ranking is emblematic of the Institute for Economic Development’s record of success, says Robert McKinley, UTSA associate vice president of economic development.

“Our formula for excellence is to achieve top- tier performance versus our peers across the nation for each program, then sustain that competitive level year-after-year. Similar comparisons would place six of our 11 programs in their respective top-performance tiers nationally, making the Institute for Economic Development a Center of Excellence at UTSA,” McKinley said.

The University of Texas at San Antonio’s Institute for Economic Development is dedicated to creating jobs, growing businesses and fostering economic development.
Our 11 centers and programs provide professional business advising, technical training, research, and strategic planning for entrepreneurs, business owners and community leaders. Our programs serve San Antonio, the Texas-Mexico border area as well as regional, national and international stakeholders. Together with 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.