ERIC ED451755: The Economic Impact of Texas pdf

ERIC ED451755: The Economic Impact of Texas

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Description of the Book:

A study was conducted to examine the socioeconomic impact of Texas A&M University-Corpus Christi (TAMU-CC) on the surrounding community. This study was a follow-up to a previous examination of the economic relationship between the university and the community. The current study examined the short-term measurable economic impact of university operations on the Corpus Christi metropolitan statistical area. In fiscal year 1998, TAMU-CC generated total revenue amounting to $60.2 million, with 90% of this coming from outside the Corpus Christi metropolitan area. All financial aid rose by 99% and scholarships were up 207%. University expenditures directly injected more than $50 million into the economy, and more than $82 million were spent on the physical plant. Student spending injects or retains more than $31 million in the local economy. University employees spend more than $22 million each year in the area, and it is estimated that the university directly and indirectly generated more than $273 million in personal income.

Almost 2,000 people owe their jobs to the university. It is also estimated that an increase of three students will add one job to the community. (Contains 22 endnotes.) (SLD

• Creator/s: ERIC
• Date: 1998
• Year: 1998
• Book Topics/Themes: ERIC Archive, Economic Factors, Expenditures, Higher Education, School Community Relationship, School Personnel, Socioeconomic Status

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