Value and Economic Impact
$1.6 Billion in IPS Economic Impact
The UT Institute for Public Service is the University’s source of outreach to government, business and communities and, in fiscal year 2017, that outreach led to more than $1.6 billion in economic impact for Tennessee. Through its five agencies, which provide training and technical consulting to state and local governments, businesses and law enforcement, IPS answered close to 30,000 requests for assistance and trained more than 18,600 of its customers in everything from crime scene investigation to county and municipal government operations. Participants from 92 of Tennessee’s 95 counties attended IPS training in fiscal year 2017.Read more at ips.tennessee.edu
IPS Partners in Asset-Based Planning Initiative
Together with the Tennessee Department of Economic and Community Development and the Tennessee Development District Association, several UT agencies are working to help rural communities create jobs and raise local incomes. Asset-Based Planning helps communities get past obstacles and revisit assets that may not be fully engaged to create jobs or raise incomes. Twenty-three participating counties identified a broad range of assets including industrial sites, state parks, historic sites, natural areas, and technical education programs in early 2017. Another 20 counties underwent the process in fall.Read more at ips.tennessee.edu
UTIA Study Finds $1M-Per-Mile Economic Impact of TVA Reservoirs
A UT Institute of Agriculture study for TVA found the combination of aquatic recreation and waterfront property along the Tennessee Valley Authority’s managed river system creates $11.9 billion in annual economic impact – the equivalent of $1 million per shoreline mile.
In addition, the TVA-funded study estimated that TVA’s 49 reservoirs support about 130,000 jobs annually.