Using detailed revenue and expenditure data, this study examines the economic impact on the state of Tennessee of the education, research and athletics that were produced by UT Knoxville in Fiscal Year 2017 (from July 1, 2016 to June 30, 2017), which includes the Fall 2016 and Spring 2017 academic year. The university’s sizable economic impact is generated through spending made by the university, its students, and campus visitors.