Driving Economic Growth
The University of North Texas is situated in heart of the Dallas Fort-Worth area, one of the nation’s largest and fastest-growing metro areas and one of the world’s largest economies. More than 40 Fortune 1000 companies are headquartered in DFW — from No. 2 Exxon Mobile to No. 12 AT&T. DFW thrives on big business and an entrepreneurial spirit that is attracting more investment and attention every day.
Along with that entrepreneurial spirit, the Dallas-Fort Worth area has a thriving population. More than seven million people call the area home, making it one of the largest metropolitan areas in the country with 12 counties, 135 municipalities — 13 of which have a population of more than 100,000 people — and more than 3.5 million people working in the area.
UNT supports and drives the growth and programs of the communities and businesses in the North Texas region through its 38,000 students, 13,000 faculty and staff and 274,000 alumni living in the area.
As a catalyst for creativity, innovation and entrepreneurship, UNT is paving the way for an evolving economy through education and employment.
In this section, you will find:
UNT’s Annual Direct Economic Impact
With more than 13,000 full- and part-time employees, UNT is Denton County’s largest employer and one of the largest universities in DFW. The university's students and employees live, work and recreate in the region — generating revenue for businesses and municipalities while supporting jobs in the DFW economy. Financially speaking, when UNT’s expenditures on education and research are combined with spending by its 38,000 students, 13,000 employees and thousands of visitors each year, it’s clear that UNT is a powerful economic engine for DFW.
- $1.65 billion: UNT generates an economic impact of $1.65 billion in the DFW economy annually.
- $12.45: UNT creates $12.45 in economic activity for each dollar it receives in state appropriations.
- $431.9 million: UNT employees’ spending adds $431.9 million to the DFW economy annually.
- $395.9 million: UNT students’ spending adds $395.9 million to the DFW economy annually.
- $61.7 million: UNT visitors’ spending adds $61.7 million to the DFW economy annually.
Tax Revenue Impact
- $150.9 million: UNT economic activity generates $150.9 million in federal tax revenue annually.
- $77.7 million: UNT economic activity generates $77.7 million in state and local tax revenue annually.
- $1.9 million: UNT employees pay $1.9 million dollars in state and local property taxes and fees annually.
- $565.8 million: UNT activity creates $565.8 million in employee compensation for DFW residents.
- 12,327 jobs: UNT economic activity supports 12,327 jobs in the DFW economy annually.
UNT’s Capital Spending Impact
UNT’s progress can be seen and felt throughout campus. For example, the new $130 million, 300,000 square-foot eco-friendly University Union opened in 2015-16 as the new hub of student life where students learn and socialize together and access resources and services that make them more connected to the university.
To become a university of tomorrow, UNT is transforming its environment from the inside out. The university has created new facilities and renovated its existing space to give faculty and students the latest tools to carry out innovative research, art and scholarship.
- $183.9 million: UNT’s capital spending generated $183.9 million in economic activity for the DFW economy in FY 2015.
- $4.9 million: UNT’s capital spending generated $4.9 million in state and local tax revenues for the DFW economy in FY 2015.
- 932 jobs: UNT’s capital spending supported 932 local jobs and generated $60.1 million in labor income for the DFW economy in FY 2015.
UNT’s progress can be seen and felt throughout campus. The new $130 million, 300,000 square-foot eco friendly University Union opened in the 2015-16 academic year as the new hub of student life where students learn and socialize together and access resources and services that make them more connected to the university. In addition, the Science Research Building is on its way to a substantial upgrade to provide state-of-the-art research and lab space for faculty and students.
Although generally a recurring expense, capital spending is a highly variable activity due to what projects are in play and the availability of funding. It is best to consider capital expenses as one‐time events when analyzing their economic impacts. Once a project is finished, the associated spending also ceases. During FY 2015, UNT’s capital included funding for structure demolition, facilities improvements, building construction and purchases, building rehabilitation and remodeling, and parking construction and repair. These expenses totaled more than $183.9 million.