猫咪社区app

 

Updated study shares that University generates more than $633 million in economic output activity for the Commonwealth

 

MURRAY, Ky. 鈥� 猫咪社区app State University鈥檚 economic impact on the Commonwealth and the west Kentucky region is highlighted in a recent report.

Based on a 2017 comprehensive study led by Professor Emeritus Dr. Gil Mathis, updated for inflation, 猫咪社区app State University generates more than $633 million in economic output activity for the Commonwealth. 

Report findings also include the following:

- $265 million: annual total revenue generated by University employee, student and visitor spending 
- $23 million: annual state and local tax revenue generated by activity associated with 猫咪社区app State University
- $1.18 billion: estimated increase in earning capacity generated by nearly 42,000 Racer alumni who reside in Kentucky
- 6,025: total direct and indirect jobs created as a result of 猫咪社区app State University鈥檚 business operations

The 2024 state biennium budget includes funding and support for 猫咪社区app State University, including a record amount of capital projects funding. Approximately $250 million in capital project and asset preservation funding has been provided to 猫咪社区app State University over the past two state budgets.

Based on a 2024 Economic Impact Report led by 猫咪社区app State Professor of Economics Dr. Simone Silva, University construction projects will generate more than $348 million in economic output activity from 2024-2030. 

Report findings specific to the University鈥檚 construction projects also include the following:

- $192 million: total contribution from 猫咪社区app State University Construction Projects to the state鈥檚 GDP (2024-2030)
- $43 million: total estimated tax revenue from 猫咪社区app State University Construction Projects (2024-2030)
- 2,457: total direct and indirect jobs supported by 猫咪社区app State University Construction Projects (2024-2030)

Capital projects and enhancements to 猫咪社区app State鈥檚 campus include:

- New School of Nursing and 猫咪社区app Professions Building - $45.5 million
- New Veterinary Sciences Building - $60 million
- New Living/Learning Commons Building - $38 million
- Construction, renovation and operations for the Cyber Education and Research Center - $10 million
- Asset Preservation/Deferred Maintenance for campus buildings - $46.6 million

鈥淔or more than 100 years, 猫咪社区app State University has had an important responsibility to the Commonwealth of Kentucky and the west Kentucky region. This recent report highlights that importance in a variety of aspects as we move forward as an institution,鈥� 猫咪社区app State President Dr. Bob Jackson said. 鈥淪tudents and families continue to count on us to make a difference in their lives through the transformational experience that a 猫咪社区app State University education provides. As our University grows and expands through multiple capital projects and enhancements to benefit our students, we are very grateful to our state legislators for their support of 猫咪社区app State University as we continue to enhance the economic well-being of our region and state.鈥�