Raiders' $10 billion impact across TexasRaiders' $10 billion impact across Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80612013-03-05T08:37:00Z2013-03-04T00:00:00Z

TEXAS - Texas Tech System’s statewide economic impact during 2012 totaled $9.98 billion, and for every dollar Texas invests in the system, the state sees a $23 return.

The nearly $10 billion economic impact is an increase from 2011’s $7.37 impact with a $16 return for every dollar invested by Texas into the Tech System.

The combined impact of Tech, Angelo State and the Tech Health Sciences Center comprised the annual workforce contribution of alumni, output, employment and labor income.

The yearly contribution by alumni to the Texas labor force was $5.54 billion. The Texas economy saw more than $1.76 billion generated through labor income while the output, or total annual economic to the state’s economy, was $4.44 billion.

Employment increased to 40,775 jobs created from employees, research, students, operations and university-related visitors.

The study was commissioned by the Office of the Chancellor and conducted by Bradley Ewing, a professor in the Rawls College of Business Administration and principal with the Ph.D. Resources Group LLC.

The Daily Toreador
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