TAMIU Economic Impact Analysis FY 2021

TAMIU is an international university poised at the Gateway to México, serving South Texas as the cultural and intellectual hub of a vibrant multilingual and multicultural community. A Member of The Texas A&M University System, TAMIU provides over 8,400 students with a learning environment anchored by the highest quality programs built on a solid academic foundation in the arts and sciences. Its programs focus on developing undergraduate and graduate offerings with a progressive international agenda for global study and understanding across all disciplines. TAMIU is committed to providing its students with high-quality, affordable education and academic support services. The University aggressively recruits local Hispanic and economically disadvantaged students. Researchers with GeorgetownUniversity’s Center on Education and theWorkforce (CEW)McCourt School of Public Policy have ranked TAMIU’s return on investment (ROI) at 16th in the nation, with graduates projected to earn $1,006,000 more than their non-college-educated peers 40 years after graduation 1 . TAMIU’s ability to move graduates from low-income backgrounds to well-paying jobs recently earned it 3rd place in the national Economic Mobility Index (EMI) created by Third Way 2 . This economic impact study calculates the contribution of TAMIU to the Webb County economy. The primary tool used for this study is the IMPLAN Input/ Output (I-O) model and dataset. IMPLAN is an economic (I-O) impact assessment software system (https://www.implan.com ). It combines a set of extensive databases concerning economic factors, multipliers, and demographic statistics with a highly refined and detailed modeling software system. IMPLAN allows the user to develop local-level input-output models that can estimate the economic impact of universities on the region they serve. The model accomplishes this by identifying direct effects by sector, then developing a set of indirect and induced effects through industry-specific multipliers, local purchase coefficients, income-to-output ratios, and other factors and relationships. 1 A First Try at ROI: Ranking 4,500 Colleges. The Georgetown University Center on Education and the Workforce (CEW). https://cew.georgetown.edu/wp-content/uploads/College_ROI.pdf 2 Third Way Economic Mobility Index (EMI) https://www.thirdway.org/report/out-with-the-old-in-with-the-new-rating-higher-ed-by-economic-mobility 7