The 小蝌蚪APP had a statewide economic impact of $2.7 billion for fiscal year 2021-2022.
That total supports more than 34,600 jobs 小蝌蚪APP one out of every 78 jobs in the state. UL Lafayette小蝌蚪APP檚 $1.7 billion economic impact in Acadiana supports more than 25,100 jobs 小蝌蚪APP one out of every 15 jobs in the region.
Those are findings of an independent economic impact and investment analysis conducted by Lightcast. The global consulting firm has headquarters in Boston and in Moscow, Idaho. The firm has conducted more than 2,800 economic impact studies for colleges and universities.
The economic impact report was commissioned by Dr. Joseph Savoie, UL Lafayette president, who said it underscores the 小蝌蚪APP小蝌蚪APP檚 status as 小蝌蚪APP渁 powerful, vital engine for economic and workforce development.小蝌蚪APP
小蝌蚪APP淭he report represents our strength as a significant contributor to the economic health of the region and state, and underscores opportunities for increasing our contributions. It also indicates that state funds provided to the 小蝌蚪APP are investments that pay measurable dividends,小蝌蚪APP Savoie added.
The 小蝌蚪APP impacts the state economy in many ways, including through direct and indirect employment, the purchase of goods and services, technology transfer, and education of the future workforce.
Dr. Ramesh Kolluru, vice president for Research, Innovation, and Economic Development, said the report affirms the 小蝌蚪APP小蝌蚪APP檚 longstanding reputation as 小蝌蚪APP渁 good investment.小蝌蚪APP
小蝌蚪APP淭he scope and reach of our impact and influence extends far beyond campus. And that instills confidence in our students, in our industry partners, and in our research collaborators. It also signals that we are better positioned than at any time in our history to grow exponentially in a range of areas, including scholarship, research and collaboration with outside entities,小蝌蚪APP he said.
The 小蝌蚪APP小蝌蚪APP檚 research activities and partnerships also impact the state economy in a range of ways, Kolluru added. In addition to generating employment opportunities and injecting revenue into the economy, research initiatives spur inventions, patent applications and licenses.
Below are other findings included in the firm小蝌蚪APP檚 report.
- Alumni generated $2.2 billion in added income for the state economy.
- Students who attended UL Lafayette in fiscal year 2021-2022 will earn a projected $1.1 billion more over the course of their careers.
- Research spending generated $141.7 million in added income for the Louisiana economy.
- The net impact of the 小蝌蚪APP小蝌蚪APP檚 operations spending, which reflects 1,582 full-time and part-time employees, added $111.1 million in income to the state economy.
- Community service performed by students and faculty and staff members generated an impact of $1.8 million.
- 小蝌蚪APP events and activities that attracted visitors from outside the state added $1.4 million in income to the state economy.
Read the full report or an executive summary.
Graphic credit: 小蝌蚪APP