UT Contributes $1 Billion Annually To State’s Economy
KNOXVILLE, Tenn. — The University of Tennessee returns $3 to the state’s economy for every $1 in appropriations, a study by the UT Center for Business and Economic Research shows. Matt Murray, UT-Knoxville economist who directed the 1994 study, used 1992-93 fiscal year data to measure the ripple effect of money spent by the university