The Perryman Group investigated both the current economic impact of UT Tyler and the potential future impact. The University’s impact includes both significant capital construction and the influence of overall operations including student and visitor expenditures. When current construction and ongoing outlays are considered, UT Tyler is responsible for more than $400 million in annual spending through East Texas.
Not included in this current impact are significant construction projects recently completed. In the last five years, completed construction includes the Herrington Patriot Center, Patriot Village student housing, and the Braithwaite Building for nursing programs. Even with this expansion, enrollment growth continues to demand more campus development.
|
" A total of $6.24 ($7.48 when measured dynamically) in aggregate economic activity is generated for every dollar of State funding at UT Tyler, thus yielding an outstanding return for the investment of public resources. ”
M. Ray Perryman, Ph.D. |
Today, current construction projects include a state-of-the-art Engineering and Science Building, a student residence hall, and a baseball/softball complex. The total economic activity generated by these projects is estimated to be $190 million in East Texas.
This impact grows to $318 million when construction projects anticipated within the next five years are considered. These projects are estimated to generate 2,146 person-years of employment throughout the region.
Economic Impact of Construction with the next 5 Years
Instructional operations, student spending, and visitor spending combine to significantly impact the East Texas economy. 1,913 permanent jobs and $208 million in annual total expenditures are attributable to UT Tyler. This $208 million is in addition to the impact of ongoing construction projects.
UT Tyler is responsible for 1 of every 50 wage and salary jobs in the Tyler area and approximately 15% of aggregate governmental activity.
The Perryman analysis also confirms the University’s excellent return on investment. $7.48 in aggregate economic value is generated for every $1 in state funding at UT Tyler.
The University’s rapid growth is expected to produce a campus of 7,000 students by 2010. At that point, the University’s economic impact will grow to 2,098 jobs and $209 million in total expenditures. Leading Campuses in Growth
The Impact of a 4-Year Degree
Making an Impact in K-12 Classrooms
Making an Impact on the Region's Economy
The Impact of University Research
Making an Impact on Health and Wellness
Making an Impact with Arts and Entertainment
Future Impact of UT Tyler
Making an Impact Advertising
Perryman Report - Full Version (835k .PDF)
Making an Impact Home Page |
