TAMIU Economic Impact Analysis FY 2024

18 The second, presented in Table 10.2, captures the ancillary impacts of alumni contributions and capital expenditures. TABLE 10.2: TAMIU Total Ancillary Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 3,334 $38,541,035 $50,913,252 $106,167,432 Indirect 373 $13,343,230 $21,895,802 $52,465,643 Induced 224 $8,688,476 $17,010,980 $32,730,866 Total IMPACT 3,931 $60,572,741 $89,820,035 $191,363,941 Finally, in Table 10.3, these combined impacts show $374.3 million generated in added value for Webb County's economy in FY24. TABLE 10.3: TAMIU Total Economic Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 5,198 $116,520,876 $129,682,575 $212,828,809 Indirect 516 $18,320,672 $30,783,484 $77,254,163 Induced 578 $22,380,339 $43,805,174 $84,293,121 Total IMPACT 6,292 $157,221,887 $204,271,233 $374,376,093 This contribution represents 3.3% of the county's total Gross Regional Product, placing TAMIU among the top 2 percent of its industry sectors. The University's economic footprint supported nearly 6,300 jobs, demonstrating its role as a cornerstone of regional economic vitality. TAMIU TOTAL IMPACT TAMIU contributed 3.3% of the total Webb County GRP in 2024

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