ECONOMIC IMPACT ANALYSIS
THE TEXARKANA SERVICE REGION
During the analysis year, A&M–Texarkana spent $23 million on payroll and benefits for 508 full-time and part-time employees, and spent another $22.9 million on goods and services to carry out its day-to-day operations. This initial round of spending creates more spending across other businesses throughout the regional economy, resulting in the commonly referred to multiplier effects. This analysis estimates the net economic impact of A&M–Texarkana that directly takes into account the fact that state and local dollars spent on A&M–Texarkana could have been spent elsewhere in the region if not directed towards A&M–Texarkana and would have created impacts regardless. We account for this by estimating the impacts that would have been created from the alternative spending and subtracting the alternative impacts from the spending impacts of A&M–Texarkana. This analysis shows that in fiscal year (FY) 2018-19, operations, construction, visitor, and student spending of A&M–Texarkana, together with the enhanced productivity of its alumni, generated $105.5 million
The additional income of $105.5 million created by A&M–Texarkana is equal to approximately 1.1% of the total gross regional product of the Texarkana Service Region.
in added income for the Texarkana Service Region1 economy. The additional income of $105.5 million created by A&M–Texarkana is equal to approximately 1.1% of the total gross regional product (GRP) of the Texarkana Service Region. The impact of $105.5 million is equivalent to supporting 2,034 jobs. For further perspective, this means that one out of every 67 jobs in the Texarkana Service Region is supported by the activities of A&M–Texarkana and its students. These economic impacts break down as follows: 1
For the purposes of this analysis, the Texarkana Service Region is comprised of Bowie, Camp, Cass, Marion, Morris, and Titus Counties in Texas and Little River, Miller, and Sevier Counties in Arkansas. Executive summary
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