SCSU has significant monetary impact on region
Thursday, March 29, 2007
SCSU students, faculty members and staff participate in positive ways – including volunteerism – in community life. Now a figure has been put on another way the University impacts the region – a dollar figure.
In a year’s time, SCSU contributes an estimated $369.4 million to the regional economy. The figure is included in the estimated $3.5 billion the Minnesota State Colleges and Universities (MnSCU) system annually returns to the state’s economy.
The university’s 16,000 students themselves spend close to $99 million a year, which includes room, board and personal expenses. Construction projects that bring contracts and jobs into the community contribute to the total. Also making an economic impact on the region is the enhanced productivity of SCSU alumni who’ve benefited from education and training, a return that is repeated every year throughout their working lives.
The estimate was made by Paul Anton, chief economist for Wilder Research, a non-profit organization, in a study done for MnSCU.