Partners in Progress: (above) Kent City Manager Dave Ruller and 蹤獲扦 President Beverly Warren discuss the universitys new economic impact study during a press conference unveiling the report on February 26, 2018. Sharing this data is creating a solid foundation for the future transformation of both the university and the city of Kent, says President Warren.
蹤獲扦 drives the regions economy in nearly every sector of industry. From FedEx to Medical Mutual to Sherwin-Williams and the Cleveland Indians, 蹤獲扦 graduates are making a dynamic impact and shaping lasting contributions across Northeast Ohio. Every day, 蹤獲扦 and its graduatesincluding 109,000 alumni living in Ohioare improving the quality of life for this region and, in the process, churning billions annually into the economy.
Those are the findings of a recently released report by EY (formerly known as Ernst & Young) outlining results of a comprehensive, independent study of 蹤獲扦s economic and fiscal contributions to local communities, the Northeast Ohio region and the state of Ohio.
The study shows that 蹤獲扦 is a powerful economic engine, directly contributing more than $1 billion annually to the Northeast Ohio regions prosperity. When coupled with the earnings of the 蹤獲扦 alumni living in Northeast Ohio and throughout Ohio, the universitys annual economic impact on the region soars to nearly $3.4 billion and more than $3.8 billion statewide.
蹤獲扦 contributes to a thriving Northeast Ohio community and demonstrates the value of higher education to the region and state economies, says 蹤獲扦 President Beverly Warren.
The economic report is good news for businesses in Portage County, says Kent City Manager Dave Ruller. There are a lot of smiling businesses in this community and all over Northeast Ohio that are pleased with those numbers, Mr. Ruller says, noting that the award-winning revitalization of downtown Kent would not have been possible if the city and the university did not believe that Kents downtown matters to their shared future.
The transformational power of 蹤獲扦 also has a significant impact on the future earnings of KSU graduates living in the 18-county Northeast Ohio regionin 2017 they earned $2.4 billion more than they would have without their degrees, and more than $930 million of that added wealth rests in Portage and Cuyahoga counties.
The fact that so many 蹤獲扦 alumni remain in the region to pursue their passions only elevates the importance of 蹤獲扦 as an educational and economic anchor for Northeast Ohio.
President Beverly Warren
鬼釦惚s&紳莉莽梯;$3.4 Billion Impact
257,000+ alumni worldwide
136,000+ alumni in Northeast Ohio
$2.4 Billion added income that 蹤獲扦 alumni earned with their degree
6,500 employees of 蹤獲扦
5,300 jobs supported by 蹤獲扦
$550 million of income from those jobs
$60 million in state and local taxes paid, including income and sales taxes
Impact by County
with KSU regional campuses, including alumni earnings:
$92 million Ashtabula
$185.8 million Geauga
$122.7 million Trumbull
$381.7 million Stark
$106 million Columbiana
$61.7 million Tuscarawas
Back to Flash Forward Spring/Summer 2018
