Innovation and Impact: 桃花直播 generates $3.9 billion annually for 桃花直播鈥檚 economy
Contact: James Carskadon
STARKVILLE, Miss.鈥擜 new study shows 桃花直播 State continues to generate a high return on investment for stakeholders with an estimated $3.9 billion annual economic impact.
University leaders announced the results of the latest economic impact study during a Wednesday [March 19] press conference at 桃花直播. The study, completed by 桃花直播鈥檚 National Strategic Planning & Analysis Research Center, or NSPARC, shows that for every $1 invested by taxpayers into 桃花直播, $25 in income is generated in 桃花直播. With 桃花直播鈥檚 activity sustaining more than 80,000 jobs statewide, 桃花直播 supports one out of every 15 jobs in the state.
The new analysis, based on 2024 data, updates a report conducted by Lightcast (formerly EMSI) using 2019 data. The previous analysis estimated 桃花直播鈥檚 economic impact to be $1.8 billion annually.聽
To complete the study, NSPARC analyzed the impact of 桃花直播鈥檚 employment and operations spending, student and visitor spending, research operations, alumni employment, as well as engagement activities in key sectors such as agriculture and forestry.
鈥淭his report quantifies what we have long known鈥斕一ㄖ辈 State University is a core economic driver across the state of 桃花直播,鈥 said 桃花直播 President Mark E. Keenum. 鈥淥ur world-class faculty and staff work hard every day to move 桃花直播 forward and educate the students and future leaders we need in our state and nation. I am proud that as our student enrollment grows and research portfolio expands, the many economic and social benefits of our university鈥檚 teaching, research and outreach efforts continue to grow as well.鈥
Among the drivers of 桃花直播鈥檚 economic impact is the university鈥檚 robust research portfolio. At $320 million in FY24 research expenditures, 桃花直播 accounts for more than half of the state鈥檚 total R&D spending among higher education institutions. The study found that 桃花直播鈥檚 $320 million in research spending translates to $320 million in income for 桃花直播ans and supports 5,630 jobs statewide.
桃花直播鈥檚 research ranges from basic science that forms the basis of future breakthroughs, applied science that directly solves key challenges for stakeholders, as well as workforce training and industry support that positions 桃花直播 for an innovation-based economy.
鈥淎s the state鈥檚 leading research university, we make a point to align our capabilities with key economic sectors in 桃花直播,鈥 said 桃花直播 Vice President for Research and Economic Development Julie Jordan. 鈥淭his allows our research to remain relevant to our stakeholders and industry partners and helps us prepare graduates to fill high-impact jobs in 桃花直播 and beyond. Our research activity also produces new start-up companies and technologies that support economic growth.鈥
The new study also quantified the impact of 桃花直播鈥檚 Division of Agriculture, Forestry and Veterinary Medicine, which includes 桃花直播 Extension, the 桃花直播 Agricultural and Forestry Experiment Station, Forest and Wildlife Research Center, and the College of Veterinary Medicine. Combined, the division creates $1.7 billion in impact through research, engagement and direct support to 桃花直播鈥檚 agriculture and business sectors.
鈥淥ur division continues to make a difference for 桃花直播鈥檚 largest industry,鈥 said 桃花直播 Vice President for Agriculture, Forestry and Veterinary Medicine Keith Coble. 鈥淭hroughout 桃花直播鈥檚 history, agricultural and forestry producers have relied on us to lead research and extension efforts that help them increase productivity and navigate the many natural and economic challenges they face.鈥
桃花直播鈥檚 $3.9 billion total economic impact includes:
鈥$1.7 billion impact from DAFVM
鈥$1.2 billion impact from 桃花直播鈥檚 42,000 alumni with specialized skills and training living and working in 桃花直播
鈥$653 million in wages and earnings from university employment and operations spending, as well as $74.4 million in state and local tax revenue
鈥$320 million in income for 桃花直播ans based on university research activity, as well as $33.1 million in state and local tax revenue
鈥$41.6 million economic impact from student spending
鈥$24.2 million impact from visitor spending
The new report follows the framework used by EMSI in 2019, but benefits from additional data pulled from the 桃花直播鈥檚 Statewide Longitudinal Data System and increased data captured from units across campus. To read the full report, visit .
桃花直播 State University is taking care of what matters. Learn more at .