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Big Blue hauls in big green
MTSU pumps over $1 billion into economy
McPheeWEB
MTSU President Sidney A. McPhee.
Middle Tennessee State University is responsible for about 8,400 jobs across the state, which generates $1.12 billion in revenues and over $408 million in wages and salaries, a new economic report released June 27 shows.The report by the Business and Economic Research Center in the Jones College of Business shows MTSU, as Murfreesboro’s second-largest employer, is also responsible for generating $88 million in local, state and federal tax revenue.“There is no question that Middle Tennessee State University is unrivaled in what it brings to the table for our city, county and region,” MTSU President Sidney A. McPhee said at an event held at the Rutherford County Chamber of Commerce.“Much of who we are now, and what we want to become in the future, depends upon the continued health and prosperity of your university,” McPhee said.The study shows MTSU is responsible for almost 8,400 jobs across Tennessee. Of that total, 2,259 of those jobs come from MTSU’s direct employment. “But, when you combine the jobs that come as a result of our employees living and buying in our community, that total goes up to nearly 3,400 jobs,” McPhee said.And, the president noted spending by students accounts for more than 1,800 jobs alone.