Tennessee State University News February 21, 2012 Tennessee State University Releases Economic Impact Report<http://tnstatenewsroom.com/archives/5444> Report to be shared with community during Discover TSU Day Feb. 23 NASHVILLE (TSU News Service) - Tennessee State University has released its economic impact statement that highlights many benefits to the state of Tennessee from graduates, technology, research and much more. The University contributes nearly $610 million to Nashville's economy through direct and indirect spending, according to The Economic Impact of Tennessee State University on the State of Tennessee, an economic impact analysis released today, in conjunction with the University's upcoming Discover TSU Day taking place Thursday, Feb. 23. On Discover TSU Day the University will send out approximately 50 two-person teams to more than 145 businesses and organizations in the Nashville area to tell about the academic achievements of TSU and its individual colleges and schools. Each team will consist of a TSU student accompanied by a staff member, faculty member, TSU alumnus or alumna, or Foundation Board member. "So many people don't know about the ongoing and meaningful accomplishments of the faculty, students, staff, and alumni of this great institution," said Dr. William Nelsen, interim Vice President for University Relations and Development. "Discover TSU Day is one new and special way to tell the story and to strengthen partnerships with the business community in Middle Tennessee." In Nashville, TSU is a leader in public sector employment-ranked in the top 25 employers according to the Nashville Chamber of Commerce-and in construction and renovation activities. In 2010-11, TSU employed an average of 3,700 full-time, part-time and temporary employees (including faculty and students), totaling $190 million in labor income, and generating a total impact of $394 million. "This report provides an excellent analysis of the University's impact on Nashville and the state of Tennessee, an impact that has grown significantly over the past 100 years," said Dr. Nelsen. "The report shows that our relationship with the Nashville community is characterized by great mutual benefit. In this Centennial year for TSU, this timely report points to additional opportunities for the University to strengthen partnerships with the local business community, and we intend work hard toward that goal." According to the report, the University contributes to the community in a variety of ways, both quantitative and qualitative, including: general expenditures, voluntary contributions, job creation, student spending, construction and employee-related fees and taxes. Additionally, TSU offers free events and resources for area residents, including community health and education programs. The economic impact on the University is computed by grouping expenditures into three broad categories; University, students and visitors. Among the most significant findings of the report are: * Tennessee State University directly injects approximately $330 million into the state's economy. * Indirect and induced impacts total another $280 million. * Every dollar directly expended induces additional spending of approximately .84 cents. * TSU students' spending of $104 million injects $181 million into the local economy. * The University attracted more than 250,000 visitor days to the Greater Nashville area. * Visitors' direct spending of close to $20 million generated an estimated $35 million in economic impact. "Our graduates are the most impact contribution we make to the area and the country," said Portia Shields, University President. "While providing a nationally recognized education to nearly 10,000 undergraduate and graduate students, Tennessee State University has a substantial positive economic and community impact on the city of Nashville and the wider region. With a $610 million economic footprint, we are a significant partner in Middle Tennessee's economy and helping to meet important community needs." The Office of Business and Economic Research, a department of the College of Business at TSU, prepared the analysis for the University. Click HERE<http://tnstatenewsroom.com/pdf/econimpact.pdf> to read the full 2011-2011 Economic Impact of Tennessee State University. Department of Media Relations<http://www.tnstate.edu/pr/> Rick DelaHaya: 615.963.5312 Tennessee State University 3500 John A. Merritt Boulevard Nashville, Tennessee 37209 615.963.5331 SANDRA M. PHOENIX Executive Director HBCU Library Alliance sphoenix@hbculibraries.org<mailto:sphoenix@hbculibraries.org> www.hbculibraries.org<http://www.hbculibraries.org/> 800-999-8558, ext. 4820 404-520-0593 Skype:sandra.phoenix1 1438 West Peachtree Street NW Suite 200 Atlanta, GA 30309 Toll Free: 1.800.999.8558 (Lyrasis) Fax: 404.892.7879 www.lyrasis.org<http://www.lyrasis.org/> Honor the ancestors, honor the children. Register now http://www.hbculibraries.org/html/2012meeting-form.html for the October 21-23, 2012 HBCU Library Alliance 5th Membership Meeting and the Photographic Preservation Pre-Conference in New Orleans, LA. The Pre-Conference and Membership meeting are open to directors and other librarians.