TAMIU Economic Impact Analysis FY 2021

Table 7.2 shows us that during the analysis year, the expenses of these students in Webb County added over $7 million in income for the Webb County economy, equivalent to supporting 128 jobs. TAMIU ALUMNI IMPACT While TAMIU creates an economic impact through its operations, capital expenditures, and students, another significant economic impact originates from the added human capital – the knowledge, creativity, imagination, and entrepreneurship – found in the University’s alumni. TAMIU graduates gained experience, education, knowledge, skills, and abilities that increased their productivity and allowed them to command a higher salary once they entered the workforce. TAMIU alumni generate economic impacts derived from their salaries and their employer-added non-labor income. This impact is based on the number of students who have attended TAMIU throughout its history and have graduated. For this section, we will be working with an estimate of TAMIU alumni employed in the Webb County workforce provided by the University’s VPIA. We use this total number of alumni to calculate the impact for FY21. Former students that did not finish their degrees and former students with invalid addresses were not considered. TAMIU’s VPIA has 27,135 identified alumni. According to data from the U.S. Census Bureau’s American Community Survey, average annual compensation for undergraduate degrees in Webb County is $49,946 and $65,711 for graduate degrees. There are 17,790 TAMIU alumni that live in Webb County, of which 13,512 received undergraduate degrees, 2,988 TABLE 7.2: Student Spending Impact IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 104 $1,414,299 $1,732,189 $3,956,142 Indirect 15 $549,829 $819,321 $2,086,568 Induced 9 $308,396 $532,260 $1,041,991 Total IMPACT 128 $2,272,524 $3,083,770 $7,084,701 Source: IMPLAN 16