SHSU releases economic impact study results
Published: Tuesday, October 8, 2013
Updated: Tuesday, October 8, 2013 00:10
More than one in six jobs in the local economy are attributable to Sam Houston State University, according to an economic impact study authored by two SHSU economic professors.
President Dana Gibson, Ph.D., commissioned economic professors Ed Blackburne and Bill Green to complete the study.
“At SHSU, we are always working to provide value to the region and the State of Texas by educating future generations, conducting research that adds to productivity, and offering many other opportunities that will benefit our area,” Gibson said in a press release. “These benefits create a solid foundation for local and regional economies.”
According to the study, the total economic impact on Walker County in 2012 was $290 million, and 6,008 regional jobs are supported directly or indirectly by SHSU.
“As the new study indicates, SHSU is committed to making a reliable, consistent and positive contribution to the economic betterment of the communities we serve and delivering a highly educated workforce at an affordable cost,” Gibson said.
According to the study, the SHSU workforce is made up of 54 percent of local residents. One in every six dollars generated in Walker County is supported by SHSU. Furthermore, SHSU students and faculty have attributed to about 43 percent to rental housing in Walker County.
SHSU students have contributed heavily to local businesses. According to the study, students have contributed $33 million to real estate establishments, $20 million food services and drinking places, $103 million to retail, $3 million to health and personal care, $3 million to dry-cleaning and laundry services, and $1 million to gasoline.
SHSU events have also brought many visitors to Walker County. According to the study, SHSU brought 555,930 visitors to the area in 2012.
Green said that SHSU contributes to the area in more ways than those that can be measured, according to a university press release.
“Besides the talented faculty, staff and students who are a part of the community and contribute to the quality of life, the region benefits from many cultural attractions that would not be available if the university were not located here,” Green said. “Among those are theatre, musical and athletic events, as well as the resources we provide such as the campus library and expertise across the disciplines.”
The university’s report on the survey is being finalized before it is released.