This study focuses on one aspect of the gains from UT, the economic benefits that result from the production of education and the many other activities in Tennessee as the UT system delivers its many services. Using detailed revenue and expenditure data from each campus and institute, this study examines the economic impact that arises in the state of Tennessee from the education, research, and athletics that were produced by the UT System in Fiscal Year 2017 (from July 1, 2016 to June 30, 2017), which includes the Fall 2016 to Spring 2017 academic year and portions of two summer terms. The economic impact is generated through spending made by the system, its students, and campus visitors.