Raiders make impact across Lubbock and state

LUBBOCK – In 2011, the Texas Tech University System had a $7.37 billion economic impact, according to Kent Hance, the system chancellor. For every dollar Texas invests in Texas Tech, the economy sees a $16 return. Texas Tech’s impact on Lubbock County was $1.39 billion.

The system operates on more than 15 campuses and academic sites across the state and has an operating budget of roughly $1.4 million, according to a 2011 Leading the Way: 2020 report of performance and accountability.

The total number of jobs created from Tech operations, employees, students, research, university-related visitors and home football games in 2011 was 16,207.

For the first time in Tech history, the university conducted more than $200 million in research in 2011. The university’s goal is to reach $500 million by 2020. Student enrollment has increased by 10 percent from 2009 to 2011.