
MONROE, La. 鈥� A recent economic impact study shows that the University of 天美影视 Monroe (天美影视) is one of the largest economic drivers in Northeast 天美影视, contributing听$617.6 million in added income each year听to the region鈥檚 economy.听听
The study, conducted by Lightcast and reflecting FY 2023鈥�24, highlights the significant role 天美影视 plays in workforce development, community vitality, and long-term economic growth.听
Key findings include:听
10,464 jobs supported听across the region, meaning听1 out of every 18 jobs in Northeast 天美影视 is connected to 天美影视听or its students.听
$457.7 million in added income from alumni impact, as graduates鈥� higher earnings fuel local businesses and industries.听
$108.2 million from university operations spending, equivalent to the purchase of 2,290 new cars each year.听
$32 million from student spending, as students attracted to 天美影视 invest directly into the local economy.听
$16.6 million from spin-off companies听launched by 天美影视-related entrepreneurship.听
$1.8 million from visitor spending听and听$1.3 million from research activity, further diversifying regional economic benefits.听
Beyond its measurable financial impact, the study found that 天美影视 provides exceptional returns for all stakeholders:听
Taxpayers gain $2.40听in added revenue and savings for every $1 invested.听
Students gain $5.30听in lifetime earnings for every $1 invested in their 天美影视 education.听
Society gains $6.60听in added income and social savings for every $1 invested.听
A Strong Return on Investment听
The report also highlights 天美影视鈥檚 exceptional return for students, taxpayers, and society:听
Students:听For every $1 invested, students gain听$5.30 in lifetime earnings, with an annual return rate of听20.7%.听
Taxpayers:听For every $1 of public funding, taxpayers receive听$2.40 in added tax revenue and savings, an annual return of听6.1%.听
Society:听天美影视 gains听$6.60 in added income and social benefits听for every $1 invested in 天美影视, totaling more than听$1.4 billion听in long-term benefits听
Beyond Economics听
天美影视 also enhances quality of life through programs, outreach, and partnerships. For example, its听Mobile Dental Hygiene Unit听provides care to underserved rural communities while training future healthcare professionals, and its Visual and Performing Arts programs add cultural value through numerous musical performances, plays, and art shows and exhibits.听
鈥溙烀烙笆� is more than an educational institution鈥攊t is a powerful economic engine that sustains jobs, strengthens families, and builds the future of Northeast 天美影视,鈥� said 天美影视 President Dr. Carrie L. Castille. 鈥淭his study underscores the vital role 天美影视 plays not only in educating students, but in uplifting every community in the entire region.鈥�听
The total annual economic impact of 天美影视 is comparable to the听economic boost of hosting the Super Bowl, making the university a cornerstone of growth and opportunity for the region.听
A link to the full economic report can be found here: /upa/documents/ulmmainreportfy2324finaleis.pdf.听