There is a lot riding on how the Texas Tech University System is faring. The university is one of the main engines driving Lubbock's economy.
Chancellor Kent Hance told a Lubbock Chamber of Commerce-sponsored luncheon crowd that a number of goals including increased enrollment are right on track.
"We're certainly going to reach our 40,000 by 2020. Every time that we have additional people that we bring in, additional students, we have to hire additional faculty and additional administrators. So it provides jobs, good jobs for Lubbock and this area, so the important part is the growth," Hance said.
That growth is important to Texas Tech's pursuit of Tier One research university status as well. Hance says he's also focusing on efforts to develop more commercialization of research at Tech. He says that would add jobs for the region and help keep more graduates here.