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TXST generates nearly $8 billion for Texas annually

An independent study by Lightcast found that Texas State University generated $7.7 billion in statewide economic impact in FY 2023–24 — making it one of the most powerful economic engines in Texas. 

From jobs to regional growth, the numbers tell the story.

$3.2B

added to the Central Texas economy

$7.7B

economic impact across the state in
fiscal year 2023-2024

75,000

jobs supported across Texas

32,500

jobs supported in Central Texas

return on every dollar invested in a TXST degree

A degree from Texas State is one of the best financial decisions a student can make. The average annual return on that investment outpaces the 30-year stock market average more than two to one. 

Strengthening Central Texas

The impact is felt most directly here in Central Texas. Through university operations, student spending, and the long-term contributions of alumni, the region benefits from billions in annual economic activity.

$553M
annual TXST operations spending in Central Texas

$1.9B
alumni contribution to the Central Texas economy

$291M
student spending in the local economy

taxpayer return on every dollar invested in TXST

For every public dollar invested in TXST, Texas receives an estimated $4.50 in public return through increased revenue, stronger earnings, and reduced demand for public services.

More Than Direct Spending

The economic footprint extends well beyond tuition dollars and payroll. Research, entrepreneurship, construction, and visitor activity all contribute to a total impact that compounds year over year. 

$171M

research activities added to the
Texas economy in FY 2023–24 

$210.6M

TXST spin-off companies’
contribution in FY 2023–24 

$95M

construction spending on new and existing facilities 

$19.8B

projected growth in Texas economy
over students’ working lives 

TXST is a powerful driver of opportunity and economic vitality, not just for San Marcos and Hays County, but across the entire state of Texas.

President Kelly Damphousse

Download Full TXST Economic Report

TXST drives economic growth in Texas, fuels innovation beyond campus, and helps shape the workforce in the communities we serve.