Money Matters: Tech students boost local economy

Reported by: Brittany Price
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/29/2013 9:58 am
Restaurants, grocery stores and hotels in Lubbock will certainly have more traffic with Tech students back in the fold.

For some Lubbock businesses, survival depends solely on these college-goers. 

"Probably 95 percent of our customers are Texas Tech students," Tahnee Elliot, Owner of TC Elli's said. 


The female clothing shop makes serious preparations for the return of Red Raiders. 

"We triple or quadruple our inventory. We also load up on staff, so we're accepting a lot of applications right now," Elliot said.  

She says it's because of the students, and the store's close proximity to campus, that business has exploded. 

"We started off in the Depot District, then we decided to move over here to get closer to Texas Tech after we figured out that was our main clientele.
Then we were so busy and so slammed that we decided we needed extra square footage over here.
We're in about 3,500 square feet over in this location which has been the perfect size for us to expand," Elliot said.  


President of the Lubbock Economic Develpment Alliance, John Osborne, said student dollars boost our local economy in a very direct way. 

"You spend them at places that then get to employ people, buy additional goods or supplies to restock, it just keeps infusing dollars over and over again," Osborne said. 

All those purchases a profits have a ripple effect. 

"As a result of you spending dollars at a restaurant or a place that you've gone shopping, the owners of those places then spend dollars in Lubbock as well," Osborne said.  

During the last decade, Tech has experienced a more than 27 percent growth. The University is on course to reach its institutional goal of 40,000 students by 2020. 


Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Lubbock Weather
84°
Partly Cloudy

Wind: SW 15 mph
Feels Like: 85°
High: 100°
Low: 75°
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.