TAMIU Economic Impact Analysis FY 2021

Operations spending impact TAMIU disbursed $93 million in payroll, benefits, and operating expenses to fund its day-to-day activities. The net impact of this spending by the University in FY21 resulted in an estimated $155 million in additional income for Webb County, equivalent to the creation of 1,969 jobs . Student spending impact Seventy percent of students enrolled in TAMIU are full-time students, the majority of whom are residents of Webb County who would have likely left the region if not for the existence of the University. Many other students relocated to the region because of TAMIU. Thus, we can also credit the University with the money these students spend on their living expenses. Webb County experienced added income of over $7 million from the expenses of retained and relocated students during FY21. This is equal to supporting 128 jobs . Alumni impact Students who attended TAMIU over time developed new skills that made them more productive workers. Thousands of these former students are still working in Webb County today. TAMIU alumni still active in Webb County contributed $188.2 million in additional income to the region’s economy, which is the equivalent of sustaining 4,083 jobs . Capital expenditures (construction) impact Throughout its existence, TAMIU has continuously hired contractors to construct or remodel its facilities. Due to the one-time nature of such projects, the sudden influx of revenue and jobs in the local economy is regarded as short-term. Because of this, we use a ten-year capital expenditure average. The University’s average yearly construction spending has an impact on the Webb County economy accounting for $5.3 million in added income and sustaining 45 jobs in FY21. 5