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BiG economic Impact University contributes $610 million annually
A comprehensive economic impact study recently conducted by The Office of Business and Economic Research, a department of the College of Business at the university, demonstrates that Tennessee State University contributes approximately $610 million each year to the state’s financial picture. The study illustrates TSU’s direct and indirect impact on the economic vitality and quality of life for the residents of the state through research, teaching, public service and a broad range of programs, sponsored events and other initiatives.
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Highligh ts from th e stu dy inc lude:
lic sector employment 4 In Nashville, TSU is a leader in pub according to the — ranked in the top 25 employers and in construction Nashville Chamber of Commerce — and renovation activities. rage of 3,700 full4 In 2010-11, TSU employed an ave ployees (including time, par t-time and temporary em 0 million in labor faculty and students), totaling $19 act of $394 income, and generating a total imp million. injects 4 Tennessee State University directly state’s economy. approximately $330 million into the l another $280 million. 4 Indirect and induced impacts tota uces additional 4 Every dollar directly expended ind ts. spending of approximately .84 cen million injects $181 4 TSU students’ spending of $104 million into the local economy. n 250,000 visitor days 4 The university attracted more tha to the Greater Nashville area. to $20 million 4 Visitors’ direct spending of close in economic impact. generated an estimated $35 million more than $45 million 4 In fiscal year 2011, TSU received rds. in sponsored research grants and awa
ALUMNIlife • Centennial Edition