The University of Texas at Arlington
Office of Media Relations
UTA has a $617-million impact on the Arlington-Fort Worth economy
News Release — 09 March 2005
Arlington, Texas (March 9, 2005) – The University of Texas at Arlington had a $616.8-million impact on the Arlington-Fort Worth economy in the 2004 fiscal year while supporting 10,797 jobs, according to a study commissioned by the University of Texas System and released today in Austin. The study also shows that more than $197 million of that was in personal income.
The assessment of UT-Arlington’s impact on the regional economy was part of an in-depth study conducted by the Institute for Economic Development at The University of Texas at San Antonio. Noted economist Dr. Ray Perryman, president of the Perryman Group, served as one of the expert advisers to the research team that did the study. The institute measured the impact across the state of all 15 components of the UT System in Fiscal Year 2004. The complete 42-page study is available at www.utsystem.edu.
The study, subtitled “Taking Investment in Higher Education to the Next Level,” concluded that the system’s nine academic and six health care institutions combined had an impact on the Texas economy last year of $12.8 billion – more than $4 billion of which was in personal income.
Initial direct spending in such areas as operations, salaries, capital expenditures and student spending accounted for $402.1 million of UT-Arlington’s impact on the area’s economy. The study noted however, that when that money was “recirculated” through the economy, the impact grew to $616.8 million.
The same sort of multiplier effect existed with jobs showing that for every on-campus job created at UT-Arlington and the other 14 component institutions, 1.5 off-campus jobs were created because of institution-related spending. As a result, the study concluded, the 15 UT System institutions last year – directly or indirectly – were responsible for 215,000 jobs across the state.
The study also found that higher education was an excellent investment, for the state as well as for students, one that returned long-term dividends on the magnitude of 24 to one. “There is a consistent positive correlation between the percentage of college graduates within a state and the per capita income for that state,” the study concluded.
Ongoing capital improvements are another way that universities have a significant economic impact on the areas in which they are located, the institute’s study noted. It projected that capital expenditures at UT-Arlington during the 2004-2009 period would be at least $154 million.
The University of Texas at Arlington is a comprehensive teaching, research and public service institution located in the heart of the Dallas/Fort Worth Metroplex. Its state-of-the-art research facilities, strategic location and innovative student employment programs enhance its partnership with area businesses and industry. UT-Arlington, a component of the UT System, has more that 25,000 students from 150 countries and offers 91 baccalaureate, 76 masters and 35 doctoral degrees within nine academic units and a graduate school, as well as the only Honors College in North Texas and one of only four in the state.
(Sue Stevens)
The assessment of UT-Arlington’s impact on the regional economy was part of an in-depth study conducted by the Institute for Economic Development at The University of Texas at San Antonio. Noted economist Dr. Ray Perryman, president of the Perryman Group, served as one of the expert advisers to the research team that did the study. The institute measured the impact across the state of all 15 components of the UT System in Fiscal Year 2004. The complete 42-page study is available at www.utsystem.edu.
The study, subtitled “Taking Investment in Higher Education to the Next Level,” concluded that the system’s nine academic and six health care institutions combined had an impact on the Texas economy last year of $12.8 billion – more than $4 billion of which was in personal income.
Initial direct spending in such areas as operations, salaries, capital expenditures and student spending accounted for $402.1 million of UT-Arlington’s impact on the area’s economy. The study noted however, that when that money was “recirculated” through the economy, the impact grew to $616.8 million.
The same sort of multiplier effect existed with jobs showing that for every on-campus job created at UT-Arlington and the other 14 component institutions, 1.5 off-campus jobs were created because of institution-related spending. As a result, the study concluded, the 15 UT System institutions last year – directly or indirectly – were responsible for 215,000 jobs across the state.
The study also found that higher education was an excellent investment, for the state as well as for students, one that returned long-term dividends on the magnitude of 24 to one. “There is a consistent positive correlation between the percentage of college graduates within a state and the per capita income for that state,” the study concluded.
Ongoing capital improvements are another way that universities have a significant economic impact on the areas in which they are located, the institute’s study noted. It projected that capital expenditures at UT-Arlington during the 2004-2009 period would be at least $154 million.
The University of Texas at Arlington is a comprehensive teaching, research and public service institution located in the heart of the Dallas/Fort Worth Metroplex. Its state-of-the-art research facilities, strategic location and innovative student employment programs enhance its partnership with area businesses and industry. UT-Arlington, a component of the UT System, has more that 25,000 students from 150 countries and offers 91 baccalaureate, 76 masters and 35 doctoral degrees within nine academic units and a graduate school, as well as the only Honors College in North Texas and one of only four in the state.
(Sue Stevens)
The University of Texas at Arlington is an Equal Opportunity/Affirmative Action employer.
