TAMIU Economic Impact Analysis FY 2024

16 Using this distribution data alongside IMPLAN's regional overview and the North American Industry Classification System (NAICS), we mapped graduates to their likely employment sectors within Webb County. Our analysis shows that TAMIU alumni generated $185.8 million in added income for Webb County's economy in FY24, supporting 3,885 jobs. This calculation considers both the direct impact of alumni earnings and the broader economic effects as this income circulates through the local economy. TABLE 8.1: TAMIU Alumni Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 3,300 $36,889,552 $49,065,116 $102,767,432 Indirect 369 $13,131,026 $21,517,511 $51,558,282 Induced 216 $8,367,708 $16,382,570 $31,521,966 Total IMPACT 3,885 $58,388,286 $86,965,197 $185,847,680 TAMIU CAPITAL EXPENDITURES TAMIU's ongoing investment in campus infrastructure is vital in maintaining its position as the region's leading higher education institution. While capital projects create significant economic activity, their temporary nature requires a distinct analytical approach. To account for the variable timing of construction investments, our analysis uses a ten-year average of capital expenditures, which amounts to approximately $3.5 million annually. Through the multiplier effect, these direct expenditures generate $5.5 million in added income for Webb County's economy, supporting 46 jobs, as shown in Table 9.1. Like the alumni impact, we classify capital expenditure effects as ancillary impacts in TAMIU's total economic contribution. Presented separately for analytical clarity, these construction impacts represent an important component of the University's overall economic influence on Webb County.

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