Study: UT Tyler good investment for students, region
By Tyler Morning Telegraph
June 24, 2015 at 4:57 p.m.
Updated June 24, 2015 at 4:58 p.m.
For every dollar students at The University of Texas at Tyler invest in their education, they will receive a $2.70 return in higher future income, according to a recent study of the economic impact the university has on the region.
The Tyler Morning Telegraph reports that the study found that The University of Texas at Tyler generated $327.4 million in one year in added income, or gross regional product, in its 14-county service area, which the study report stated is equivalent to creating 6,035 new jobs.
Completed last January for the 2013 fiscal year, the UT Tyler study was part of a set of studies for each public university in Texas commissioned by the Committee of Public University Presidents and Chancellors.
The report on UT Tyler showed the university has a major impact on the region and is “an extremely important part of the fabric of East Texas,” President Rodney Mabry said. He added, “You ain’t seen nothing yet,” as the university continues to grow.
Mabry is excited about the university’s economic impact and predicted in an interview that UT Tyler in time will become “by far the largest driver of economic activity in all of East Texas.”
Read the full story at TylerPaper.com.