SU Contributes Over $480 Million Annually to Local Economy
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Title : SU Contributes Over $480 Million Annually to Local Economy
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Title : SU Contributes Over $480 Million Annually to Local Economy
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SALISBURY, MD---Salisbury University’s impact on the Eastern Shore economy is approaching half a billion dollars annually and supports almost 3,300 local jobs, according to a recently released 2016 economic impact study. The University adds nearly $80 million each year to local, state and federal coffers from taxes generated by this activity.
With a community of some 10,500 students, faculty and staff, SU has had an increasingly positive impact on the area economy, growing by some $130 million in the last decade. A steady, planned increase in student population; hiring of new faculty and staff; and a dynamic reconfiguration of the physical campus with several notable construction projects have been hallmarks of the expansion.
According to BEACON, the Business, Economic And Community Outreach Network, which conducted the recent study and also one a decade ago, SU currently generates a $480.5 million annual local economic impact and supports 3,287 jobs. In 2005 the local impact was $351 million, supporting the equivalent of 3,000 jobs.
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With a community of some 10,500 students, faculty and staff, SU has had an increasingly positive impact on the area economy, growing by some $130 million in the last decade. A steady, planned increase in student population; hiring of new faculty and staff; and a dynamic reconfiguration of the physical campus with several notable construction projects have been hallmarks of the expansion.
According to BEACON, the Business, Economic And Community Outreach Network, which conducted the recent study and also one a decade ago, SU currently generates a $480.5 million annual local economic impact and supports 3,287 jobs. In 2005 the local impact was $351 million, supporting the equivalent of 3,000 jobs.
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You are now reading the article SU Contributes Over $480 Million Annually to Local Economy With link address https://newstoday-ok.blogspot.com/2017/10/su-contributes-over-480-million_29.html