TAMIU Economic Impact Analysis FY 2024

17 TABLE 9.1: TAMIU Capital Expenses Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 34 $1,651,483 $1,848,136 $3,400,000 Indirect 4 $212,203 $378,291 $907,361 Induced 8 $320,769 $628,410 $1,208,901 Total IMPACT 46 $2,184,455 $2,854,837 $5,516,262 TAMIU TOTAL IMPACT The comprehensive economic impact of TAMIU on Webb County falls into two distinct categories: Total Operations and Student Impact and Total Ancillary Impact. The first encompasses the University's core economic activities: annual spending on payroll, benefits, operations, and student expenditures, along with their induced effects, as detailed in Table 10.1. TABLE 10.1: TAMIU Total Operations and Student Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 1,865 $77,979,841 $78,769,323 $106,661,377 Indirect 143 $4,977,443 $8,887,682 $24,788,519 Induced 353 $13,691,863 $26,794,194 $51,562,254 Total IMPACT 2,361 $96,649,147 $114,451,199 $183,012,150 TAMIU’s continuing investments in its campus infrastructure generated $5.5 million of additional income and 46 jobs to the Webb County Economy in 2024 TAMIU CAPITAL EXPENDITURES

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