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How big is UT’s economic impact?

Written by Communications and Marketing

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 Nine billion dollars.

That’s the economic impact of the University of Tennessee (UT).

UT’s economic impact study included its campuses located in Knoxville, Chattanooga and Martin, as well as the Health Science Center in Memphis, the Space Institute in Tullahoma and the statewide Institute of Agriculture and Institute for Public Service.

The economic impact was calculated in part through research by UT’s Boyd Center for Business and Economic Research, and used payroll spending and fringe benefits, non-payroll spending, jobs created through system-related spending and tax revenues. The $9 billion figure did not include the role UT has in co-managing Oak Ridge National Laboratory with its more than 4,000 employees and $2.2 billion budget.

 

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