The University of Tennessee generates $1.6 billion in annual income for the state of Tennessee, creates nearly 33,000 jobs, and contributes more than $125 million in tax revenue to the state and local governments.
That’s according to a study by UT’s Center for Business and Economic Research(CBER) released April 6. The Center for Business and Economic Research is a department within the Haslam College of Business that conducts research on national and state economic trends for UT, state agencies and public and private organizations.
Bill Fox, CBER director and Ergen Professor of Business, and Lawrence Kessler, research assistant professor of economics, used detailed revenue and expenditure data for fiscal year 2014 to complete the impact study. Read article.
The study has been picked up by various regional media outlets including:
WMC (Memphis, Tenn.)
Daily Journal (Franklin, Tenn.)
News Channel 9 (Chattanooga, Tenn.)
WRCB (Chattanooga, Tenn.)
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