Texas Woman's University The economic value of Texas Woman's University ANALYSIS OF THE ECONOMIC IMPACT AND RETURN ON INVESTMENT OF EDUCATION
15+ years working with higher education institutions Emsi & Higher Education Institutions 15+ years working with higher education institutions 1,800+ economic impact studies completed 31 statewide systems have received economic impact studies from Emsi
What is an ECONOMIC IMPACT ANALYSIS? Measures how an event or institution affects the state economy What is an INVESTMENT ANALYSIS? A comparison of the costs and benefits to determine the return on investment
Total Gross State Product (GSP) About Texas Average earnings by education level $1.7 trillion 17,009,569 Total Gross State Product (GSP) Total Jobs
Texas Woman's in FY 2017-18 3,805 17,820 $126.3 million 2,192 Degrees granted Students served (annual) $126.3 million 2,192 Total payroll/benefits Employees $80 million 4% Total tuition revenue Students from outside the state
Alumni Outcomes Top Occupations Matched 35.4% or 37,288 Texas Woman’s alumni. Source: Emsi Alumni Outcomes.
$1.8 billion 29,112 Overview of results 4.4 4.8 13.0 Benefit-cost ratio for students Total income added to the state 4.8 29,112 Benefit-cost ratio for taxpayers Total jobs supported in the state 13.0 Benefit-cost ratio for society
Operations Spending Impact ECONOMIC IMPACT ANALYSIS Operations Spending Impact Research Spending Impact Construction Spending Impact University payroll and other spending + ripple effects Research payroll and other research spending + ripple effects University construction expenditures + ripple effects $144.4 million $4.6 million $27.4 million Added state income Added state income Added state income OR OR OR 2,400 61 372 Jobs supported in the state Jobs supported in the state Jobs supported in the state All results measured in income, not sales. Results are net of counterfactual scenarios
$1.7 million $28.4 million $1.6 billion 35 512 25,731 ECONOMIC IMPACT ANALYSIS Visitor Spending Impact Student Spending Impact Alumni Impact Out-of-state visitor spending + ripple effects Relocated/retained student spending + ripple effects Higher alumni earnings and increased business profit + ripple effects $1.7 million $28.4 million $1.6 billion Added state income Added state income Added state income OR OR OR 35 512 25,731 Jobs supported in the state Jobs supported in the state Jobs supported in the state All results measured in income, not sales. Results are net of counterfactual scenarios
Total Impact $1.8 billion 29,112 ECONOMIC IMPACT ANALYSIS Top industries impacted by Texas Woman's (jobs supported) $1.8 billion Total income added in the state 29,112 Total jobs supported in the state
4.4 4.8 13.0 17.3% 11.8% n/a INVESTMENT ANALYSIS Student Perspective Taxpayer Perspective Social Perspective $1.2 billion $415.3 million $6 billion Benefit: Higher future earnings Benefit: Future tax revenue, government savings Benefit: Future earnings, tax revenue, private savings $268.1 million $85.8 million $459 million Cost: Tuition, supplies, opportunity cost Cost: State funding Cost: All university and student costs 4.4 4.8 13.0 Benefit/cost ratio Benefit/cost ratio Benefit/cost ratio 17.3% 11.8% n/a Rate of return Rate of return Rate of return Future benefits are discounted to the present.
Next Steps HOW CAN EMSI HELP? Share results with state & local media. Share industry impacts with local business partners. Send the executive summary to state legislators. Use campus fliers, newsletters, & websites to publish results. Use social media to broadcast student returns to prospective students and parents. Leverage impacts for proposals, grant writing, & strategic planning. HOW CAN EMSI HELP? Emsi’s press packet Ongoing presentations from your Emsi economist Email/call us anytime
Include your results in your periodic publications. Share your results Combine your results with other institutional highlights to create a fact sheet. Create a web page that includes written highlights, animations, and videos. Include your results in your periodic publications.
Share your results Create a press release or hold a press conference to share results with your state and local media. Use social media to share your investment results with prospective students. Use your study to help secure additional funding.
The results of this study were prepared by For a copy of the report, please contact Texas Woman's.