TAMIU Economic Impact Analysis FY 2021

CAPITAL EXPENDITURES Since its inception, TAMIU has undertaken various capital expenditure projects to further enhance the University’s infrastructure and continue developing its reputation as the region’s leading higher education institution. These impacts are considered short- term due to the one-time nature of such projects, but their economic impact is undeniable. For this study, we calculate capital expenditure impacts based on TAMIU’s ten-year capital spending average. Because we are working with a ten-year average, we include the amounts for capital expenditures and their effect as ancillary impacts on the total economic results. For illustrative and knowledge-producing purposes, we reproduce them separately to better understand what effect TAMIU’s capital investments produce on Webb County. TAMIU’s construction spending average for the past ten years is approximately $3.5 million annually. The multiplier effect produced by these direct expenditures generates an output of $5.3 million in added income in Webb County, equivalent to supporting 45 jobs (Table 9.1) As with the alumni impact, the capital expenditures impact is also included in the University’s total impact as ancillary impacts. TABLE 9.1: TAMIU Capital Expenses Impact IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED TOTAL OUTPUT Direct 31 $1,492,172 $1,752,922 $3,400,000 Indirect 6 $253,639 $401,462 $935,218 Induced 8 $276,368 $477,186 $934,204 Total IMPACT 45 $2,022,179 $2,631,570 $5,269,422 Source: IMPLAN 18