The University of Tennessee at Martin generated more than $481 million for the northwest Tennessee regional economy last year.
That’s according to a study by Idaho-based Economic Modeling Specialists International examining the impact the university, student, visitor and alumni spending had on the surrounding communities.
University student spending last year generated approximately $8 million, the equivalent of 221 new jobs, while out-of-town visitors to university events netted an additional $3.3 million.
Tennessee taxpayers receive an average of $5.10 in return over students’ working lives for each dollar invested in their education at UT Martin.
Overall, regional income generated by university activity is equivalent to created 8,074 new jobs.
