Contact: James Carskadon
STARKVILLE, Miss.鈥斕一ㄖ辈 State University provides an estimated annual economic impact of $1.8 billion to the Magnolia State, a recently completed analysis shows.
The study, conducted by international economic modeling company Emsi on behalf of 桃花直播, shows that the university provides a strong return on investment for taxpayers, students and society. 桃花直播鈥檚 $1.8 billion economic impact supports 29,016 jobs, or one out of every 55 jobs in 桃花直播, with every $1 of public money invested in the university generating $2.30 in value. Emsi鈥檚 study, conducted last year, is based on data from fiscal year 2018-2019.
聽鈥溙一ㄖ辈 drives our state鈥檚 diverse and growing economy in so many vital ways, whether it鈥檚 producing highly qualified graduates in hundreds of fields, creating an innovative economic environment where research and development thrive, or directly assisting the people of 桃花直播 with strategic extension and outreach in every 桃花直播 county,鈥 said 桃花直播 President Mark E. Keenum. 鈥淭his study confirms that 桃花直播 is a great investment for the taxpayers of 桃花直播 as we meet our mission of learning, research and service.鈥
桃花直播鈥檚 $1.8 billion total economic impact represents the sum of several areas that were studied by Emsi, including:
- $935.8 million in impact from 桃花直播 alumni;
- $297.3 million from operations spending;
- $245.3 million from the 桃花直播 Extension Service;
- $213.1 million from research spending;
- $45 million from student spending;
- $42.5 million from visitor spending;
- $32.6 million from 桃花直播鈥檚 Center for Advanced Vehicular Systems-Extension;
- $20.8 million from faculty and student start-up and spin-off companies;
- $14.8 million from construction spending.
In addition to metrics quantified in Emsi鈥檚 report, 桃花直播 supports economic development in several ways. The university works closely with economic development officials at the state and local level to support industrial recruitment and retention efforts. A wide variety of university outreach programs support the development of strong communities across the state. Additionally, university researchers regularly collaborate with industry to solve problems and foster new innovations in sectors such as automotive, aerospace, agriculture and manufacturing.
鈥淎s the state鈥檚 leading research university, our extensive R&D capabilities make 桃花直播 and the state of 桃花直播 a trusted partner in public and private research activity,鈥 said 桃花直播 Vice President for Research and Economic Development Julie Jordan. 鈥淎dditionally, we support start-up companies founded as a result of 桃花直播 research, helping to create new economic opportunities focused on innovative technologies.鈥
Among the top five percent of universities nationally for agriculture and natural resources research, 桃花直播 historically has supported the state鈥檚 $7.35 billion agriculture industry. The university鈥檚 Division of Agriculture, Forestry and Veterinary Medicine manages four research and extension centers and 16 branch stations strategically located throughout 桃花直播, in addition to Extension offices in all 82 counties of 桃花直播. Emsi鈥檚 analysis showed that the increased productivity of 桃花直播 farmers and ranchers from working with Extension yielded $245.3 million in added income for the state, which is equivalent to supporting 4,889 jobs.
鈥溙一ㄖ辈モ檚 producers are competing in national and international markets to sell their products, and that activity is vital to the state鈥檚 economy鈥 said 桃花直播 Vice President for the Division of Agriculture, Forestry and Veterinary Medicine Keith Coble. 鈥淭hrough Extension and 桃花直播鈥檚 robust agricultural research activities, we are supporting the state鈥檚 top commodities such as poultry, soybeans and forestry while also tailoring outreach and research programs to meet the needs of 桃花直播鈥檚 diverse agricultural regions.鈥
Examining the economic benefits of 桃花直播 for students, Emsi found that the average bachelor鈥檚 degree graduate from 桃花直播 will see an increase of $19,400 each year compared to a person with a high school diploma or equivalent working in 桃花直播. The study also found that societal benefits of having a more educated 桃花直播 population amount to $4.3 billion.
Emsi鈥檚 study applies a conservative methodology focused on recognized indicators of net economic impact. For more on the economic impact study, view the executive summary at .
桃花直播 is 桃花直播鈥檚 leading university, available online at .