0 Articles
0 News
0 Properties
0 Page
0 Blog

News

Howard Payne University Contributes $38,426,875 to Brownwood Economy Annually

Founded in 1889, Howard Payne University is a Christ-centered academic community dedicated to excellence by developing and equipping the whole person for intellectual inquiry, personal and professional integrity, and service to God and humanity. 

Howard Payne University provides $38,426,875 in total economic impact to our Brownwood community including $28,089,821 in direct spending and  $10,377,054 through induced spending. Direct spending is the amount of money spent directly by institutions and their employees, students and visitors. Induced spending is the outcome of additional employment and expenditures by local businesses resulting from an institution's direct spending. Factors included in the economic impact included employee spending, student spending, visitor spending, university purchases, and capital expenditures. 
 

Source: The Economic Impact of the Independent Colleges and Universities of Texas report, 2018


Economic Impact

While the primary purpose of most higher education institutions is to educate students, modern colleges and universities do so much more: they support research and the generation of new knowledge; they bring together great thinkers and showcase talent across disciplines; and they act as a gathering place for their faculty, staff, students and the surrounding community. In other words, colleges and universities serve their students and their communities.

As part of their service to their communities, modern institutions act as local, regional and even statewide economic drivers. They employ hundreds of people in diverse fields like finance and administration, information technology, housing and food service and more.

To better understand the economic impact our private, non-profit member institutions have across Texas, ICUT commissioned a study in early 2018. To maintain the integrity of the report ICUT employed an outside researcher – economics professor Mark Paul Gius, Ph.D., of Quinnipiac University – to complete the study and produce a report for our association. 

Texas’ independent colleges and universities have a direct, measurable impact on their local economies which, when added together, has a significant impact on the state’s economy.

Source: Independent Colleges and Universities of Texas, Inc. 

 

About Howard Payne University

A Christian liberal arts institution, Howard Payne University prides itself on fostering a close community where personal connection is valued. Through teaching, learning and service, the faculty and staff truly invest in students’ success.

At HPU, students choose from more than 100 majors, minors and pre-professional programs in seven schools: Business, Christian Studies, Education, Humanities, Music and Fine Arts, Nursing, and Science and Mathematics. The Guy D. Newman Honors Academy challenges students with a multidisciplinary curriculum and exciting travel opportunities. Co-curricular organizations include the Model UN, Moot Court and Student Speaker Bureau, and more than 25 student organizations round out the school’s extracurricular options.

HPU’s eighty-acre, tree-lined campus in Brownwood perches on the northern side of the Texas Hill Country. Off-campus activities include visits to nearby Lake Brownwood. Students who enjoy athletics take part in well-attended intramural sporting competitions. Student athletes at HPU compete in six men’s and six women’s sports through the American Southwest Conference.

For additional information visit www.hputx.edu

do not remove