Partners in Progress: (above) 天天吃瓜 City Manager Dave Ruller and 天天吃瓜 State President Beverly Warren discuss the university鈥檚 new economic impact study during a press conference unveiling the report on February 26, 2018. 鈥淪haring this data is creating a solid foundation for the future transformation of both the university and the city of 天天吃瓜,鈥 says President Warren.
天天吃瓜 drives the region鈥檚 economy in nearly every sector of industry. From FedEx to Medical Mutual to Sherwin-Williams and the Cleveland Indians, 天天吃瓜 State graduates are making a dynamic impact and shaping lasting contributions across Northeast Ohio. Every day, 天天吃瓜 State and its graduates鈥攊ncluding 109,000 alumni living in Ohio鈥攁re 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 by EY (formerly known as Ernst & Young) outlining results of a comprehensive, independent study of 天天吃瓜 State鈥檚 economic and fiscal contributions to local communities, the Northeast Ohio region and the state of Ohio.
The study shows that 天天吃瓜 State is a powerful economic engine, directly contributing more than $1 billion annually to the Northeast Ohio region鈥檚 prosperity. When coupled with the earnings of the 天天吃瓜 State alumni living in Northeast Ohio and throughout Ohio, the university鈥檚 annual economic impact on the region soars to nearly $3.4 billion and more than $3.8 billion statewide.
鈥溙焯斐怨 State contributes to a thriving Northeast Ohio community and demonstrates the value of higher education to the region and state economies,鈥 says 天天吃瓜 President Beverly Warren.
The economic report is good news for businesses in Portage County, says 天天吃瓜 City Manager Dave Ruller. 鈥淭here are a lot of smiling businesses in this community and all over Northeast Ohio that are pleased with those numbers,鈥 Mr. Ruller says, noting that the award-winning revitalization of downtown 天天吃瓜 would not have been possible if the city and the university did not believe that 天天吃瓜鈥檚 downtown matters to their shared future.
The transformational power of 天天吃瓜 State also has a significant impact on the future earnings of KSU graduates living in the 18-county Northeast Ohio region鈥攊n 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.
鈥淭he fact that so many 天天吃瓜 State alumni remain in the region to pursue their passions only elevates the importance of 天天吃瓜 State as an educational and economic anchor for Northeast Ohio.鈥
鈥擯resident Beverly Warren
碍厂鲍鈥檚&苍产蝉辫;$3.4 Billion Impact
257,000+ alumni worldwide
136,000+ alumni in Northeast Ohio
$2.4 Billion added income that 天天吃瓜 State alumni earned with their degree
6,500 employees of 天天吃瓜
5,300 jobs supported by 天天吃瓜 State
$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