TAMIU Economic Impact Analysis FY 2021

CONCLUSION This study shows that TAMIU generates value from various angles. The Univer- sity helps local businesses by boosting regional expenditures and creating human capital as a consistent stream of highly skilled and trained graduates. TAMIU im- proves its students’ quality of life by increasing their lifetime earnings enabling them to realize their full potential; and finally, TAMIU benefits society in Webb County by creating a more prosperous economy and generating an improved li- festyle for its graduates. The results of this study illustrate how TAMIU creates a positive net impact on the regional economy. This is represented in two ways: first, by the University’s multiplier effect, and second, by the University’s return on investment (ROI). Multipliers are rates of change that describe how a given change in a particular industry impacts the overall economy. TAMIU’s spending creates more spending across other businesses throughout the Webb County economy, resulting in this multiplier effect. TAMIU’s total multiplier effect is 1.75 , meaning that for every dollar invested in and by TAMIU, 75 additional cents are generated and added to the Webb County economy. 20