Tuesday, January 21, 2014

Economic Impact Study Commissioned

Bloomsburg University recently selected Economic Modeling Specialists International (EMSI), Moscow, Idaho, to conduct an economic impact study. The study will analyze our university's contribution to the regional economy through personal and institutional spending, directly and indirectly.

When BU’s economic impact was last studied in 2006 as part of a PASSHE-wide project, it showed the institution annually contributed more than $121 million to the local economy.

As Columbia County's largest employer, BU is also one of the region's major economic drivers, annually contributing more than $357 million statewide and is responsible for creating more than 4,100 jobs across the state and 1,400 jobs locally.

Spending by the university and its students, visitors, faculty and staff generated more than $148 million and indirect revenues for local individuals and businesses totaled nearly $209 million.

EMSI has conducted more than 1,300 comprehensive socioeconomic impact studies for two- and four-year colleges and universities since its founding in 2000, including a 2010 survey for Slippery Rock University.


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