President and CEO of Community Trust Bank
Louisiana Tech University
Impact of Spending
Tech’s statewide annual economic impact is $462 million and supports 4,746 non-university jobs.
This includes: $14 million impact from affiliated organizations, $22 million in health insurance payments, $22 million impact of retiree spending, $39 million in university operations, $29 million in construction and capital outlay, $82 million from visitors, $110 million in faculty and staff expenditures, and $145 million impact from student spending.
Impact of Teaching
Tech’s graduates have added $973 million to Louisiana’s economy over the last 10 years.
The university’s bachelor’s degree holders have generated over $806 million, master’s degree holders almost $149 million, and associate’s degree holders over $17 million.
Tech produced 77,302 degrees over the last 50 years with 18,882 graduates produced between 1998 and 2007.
Tech holds the UL System’s only doctoral program in psychology and some of its high-producing bachelor’s degree programs are in engineering and social sciences
Impact of Research & Service
This study captured 26 research and service programs at Louisiana Tech.
They include: 7 economic development, 6 engineering and technology, 1 in cultural development, and 12 in education, health and human services.
An example is the Louisiana Tech Enterprise Center, which houses the Louisiana Tech Technology Incubator, the Technology Business Development Center, and the Enterprise Center Art Gallery.
President of Network Foundation Technologies
Impact on Quality of Life
There were approximately 378,000 attendees at Louisiana Tech University events last year. Of those, 58% were from off-campus, greatly adding to the $82 million impact from visitor spending.
Louisiana Tech reaches out to the community through service, recently establishing a Service-Learning / Civic Engagement Council and adding seven new service-learning courses to the curriculum.
Additionally, Tech faculty and staff volunteered 88,000 hours last year, and students contributed 397,000 hours to enhancing the community.
Louisiana Tech University's Report (.pdf)
Louisiana Tech University Technical Report (.pdf)
Louisiana Tech University's Impact Website