A just-released EMSI study shows that Slippery Rock University — a public institution in western Pennsylvania — has an economic impact of more than $334 million on the regional economy and returns $18.60 for every tax dollar invested.
Details on the report, released today by SRU, were highlighted by the Pittsburgh Post-Gazette and on the university’s website.
“This independent analysis confirms how vital the University is as an economic engine for the region,” said Robert Smith, SRU president.
“We are proud of Slippery Rock University’s academic reputation and the impact of our graduates on the region, state, nation and world. This report clearly shows our economic clout is tremendously important as well and directly enhances the quality of life for thousands of people – our friends and neighbors,” Smith said.
EMSI’s report provides both an economic growth analysis and an investment analysis that compare costs of supporting the University from the perspectives of students, taxpayers and society as a whole. The findings reflect Slippery Rock University’s primary service area, which includes northern Allegheny County along with Butler, Beaver, Lawrence and Mercer counties.
SRU also released PDFs of EMSI’s main report and executive summary.
EMSI has done nearly 1,000 impact studies for higher education institutions in the US, UK, Australia, and Canada. For more, click here.
