The University of Texas at Arlington (UT Arlington) has made a significant contribution to the U.S. economy through its research projects, according to a report by the Institute for Research on Innovation and Science (IRIS) [a6a0ae7d]. The report reveals that between 2018 and 2022, UT Arlington's research projects added $226.4 million to the national economy. These projects were funded by 797 vendor contracts and subcontracts, with 111 contracts going to small businesses and 87 to minority- or woman-owned businesses. The research funding came from federal grants, philanthropic organizations, and state and local government organizations. The report also highlights the impact of UT Arlington's research spending on specific industries. The educational services sector received $35.9 million in contracts, professional, scientific, and technical services contractors received $29.1 million, and manufacturing companies received $17.8 million [a6a0ae7d].
The findings of the report demonstrate the significant economic impact of UT Arlington's research activities. By attracting research funding and engaging with various sectors, UT Arlington has contributed to regional economic growth and job creation. The university's research projects have not only advanced knowledge and innovation but also stimulated economic activity in industries such as education, professional services, and manufacturing. This highlights the importance of investing in research and higher education to drive economic development and competitiveness [a6a0ae7d].