TAMIU Economic Impact Analysis FY 2021

TAMIU TOTAL IMPACT We classify the total economic impact of TAMIU on Webb County into two categories. The first impact includes the University’s annual spending on payroll, benefits, operations, and student spending, as well as its induced effects (Table 10.1). The second impact represents the ancillary effects of the University’s alumni and capital expenditures (Table 10.2). TABLE 10.3: TAMIU Total Economic Impact IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 4,986 $110,588,017 $113,251,404 $203,068,871 Indirect 658 $22,909,449 $33,942,842 $81,567,200 Induced 581 $20,982,911 $36,241,083 $70,895,351 Total IMPACT 6,224 $154,480,377 $183,408,329 $355,531,422 Source: IMPLAN The total impact of TAMIU on the Webb County economy in FY21 was $356 million , as shown in Table 10.3. TAMIU’s total added value is equivalent to 4.1 percent of Webb County’s Gross Regional Product. The University’s contribution ranks in the top 2% of Webb County’s industry sectors. TAMIU’s overall impact in FY21 supported 6,224 jobs . TABLE 10.2: TAMIU Total Ancillary Impact IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 3,388 $47,085,655 $49,431,151 $106,167,432 Indirect 462 $16,649,790 $23,950,160 $53,336,032 Induced 278 $10,045,434 $17,340,250 $33,946,982 Total IMPACT 4,128 $73,780,879 $90,721,561 $193,450,446 TABLE 10.1: TAMIU Total Operations & Student Impact IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 1,598 $63,502,362 $63,820,252 $96,901,439 Indirect 196 $6,259,659 $9,992,683 $28,231,168 Induced 303 $10,937,476 $18,873,833 $36,948,369 Total IMPACT 2,097 $80,699,497 $92,686,768 $162,080,976 19