Accelerating Economic Development
By providing innovation and human capital, UT Arlington helps drive key sectors of the North Texas economy. Expertise in national defense, information technologies, energy, bioengineering, and biotechnologies creates opportunities for the numerous companies that support those interests to excel in the global marketplace.
Total University research expenditures of about $66 million annually produce ideas and products that fuel new business ventures.
UT Arlington alumni hold leadership positions at all 18 of the Fortune 500 companies headquartered in North Texas, the nation’s fourth-largest metropolitan area.
The 4,400 students who live in University-owned housing are driving demand for new businesses and services. More than 5,300 students will live on campus when the College Park District residential and retail development fully opens in fall 2012.
TechComm, a partnership with the Arlington Chamber of Commerce funded through a five-year, $2.7 million Department of Defense grant, matches clients with researchers to refine technology for practical applications and helps move research to market.
TMAC, formerly the Texas Manufacturing Assistance Center, has helped more than 5,000 Texas companies gain $2.7 billion in sales, achieve $852 million in cost savings, and create or retain almost 27,000 jobs.
Campus construction projects totaling almost $300 million in the past three years have created substantial employment opportunities and buoyed residential and commercial development in downtown Arlington.
UT Arlington is expanding its expertise in areas critical to economic growth and lifelong health, including medical diagnostics, drug-delivery systems, tissue engineering, and genomics.
With a workforce of 3,900, UT Arlington is one of the most significant employers in North Texas.
FAST FACTS
Center of Attention
The 7,000-seat College Park Center opened in February 2012. The $78 million, state-of-the-art venue provides a home court for the Maverick basketball and volleyball teams and hosts commencements, concerts, and other major events.
