| Study Year |
Fiscal Year 2008-2009 (FY 08-09) and Fiscal Year 2019-2020 (FY 19-20) |
| Total Economic Impact |
The total economic impact of an institution includes both the direct impact and the indirect impact generated in the economy as a result of the institution. Direct impact includes items such as institutional spending, employee spending, and spending by visitors to the institution. Indirect impact, also known as the multiplier effect, includes the re-spending of dollars within the local economy. |
| Total Business Volume |
Total sales receipts generated with a given geographic area (state of Alabama and Birmingham-Hoover MSA). Business volume includes wholesale, retail, and service sector spending, as well as value added in the manufacturing process. |
| Multiplier Effect |
The multiplier effect is the additional economic impact created as a result of the institution’s direct economic impact. Local companies that provide goods and services to an institution increase their purchasing by creating a multiplier. |
| Direct Tax Payments |
Direct tax payments made by an institution to a unit of government. |
| Indirect Tax Payments |
Government revenue that is collected by governmental units in addition to those paid direct by an institution, including taxes paid directly by employees of the institution, visitors to the institution, and vendors who sell products to the institution. |
| Direct Employment |
Total part-time and full-time employees at UAB (jobs). |
| Indirect Employment |
Indirect employment is the additional jobs created as a result of the institution’s economic impact. Local companies that provide goods and services to an institution increase their number of employees as purchasing increases, thus creating an employment multiplier. |
