In July 2010, Tripp Umbach was retained by UAB to measure the economic, employment and government revenue impacts of its current operations and research, as well as the projected impact of UAB as a whole, using different scenarios of growth. The primary goal was to calculate the current (FY 2008-2009) and projected (FY 2019-2020) business volume, employment and government revenue impacts of UAB’s operations on the state of Alabama and the Birmingham-Hoover MSA. UAB entities included in this analysis are UAB campus operations, UAB Medicine and the Southern Research Institute.
The three scenarios (conservative, mid-range and aggressive) are described in the table below and represent a range of potential economic impact for UAB.
|Attribute||Conservative Scenario||Mid-Range Scenario||Aggressive Scenario|
|Increase in Undergraduate Students (in-state/out-of-state)||4,266
|Increase in Graduate and Professional Students (in-state/out-of-state)||1,829
|Increase in Staff (jobs)||2,545||3,393||4,241|
|Increase in Faculty (jobs)||571||761||951|
|Increase in Fellows (jobs)||109||146||183|
|Increase in Student Employees (jobs)||202||270||338|
|Total Campus Expansion Costs (2015-2020 average) ($)||$313.3M||$417.8M||$522.2M|
|Increase in External Sponsored Research||$100M||$200M||$300M|