Post by FU73 on Mar 15, 2023 7:09:17 GMT -5
Fairfield University Contributes Nearly $1 Billion Annually to Local Economy
According to the 2023 Economic Impact Study by CCIC, Fairfield University created 7,171 jobs in Connecticut in 2021, and 13,115 Fairfield alumni who call Connecticut home contribute significantly to spending locally and statewide.
The total annual economic impact of Fairfield University is more than $987 million, according to the Connecticut Conference of Independent Colleges (CCIC) 2023 Economic Impact Study. The University’s economic impact was measured in terms of both the direct and the induced economic impact of the University’s activity on the local economy.
Direct spending, defined as the amount of money spent directly by the University, University employees, students, alumni, and visitors, was valued at over $589 million, with $123 million contributed by employees alone, and above $56 million generated with direct spending by students and visitors.
The induced economic impact — the additional employment and expenditures of local industries that result because of direct spending — was valued at nearly $400 million. Included in the total amount is the opportunity that Fairfield University brings to the region with 7,171 jobs created, and the impact of more than 13,000 Fairfield University alumni who call Connecticut home.
“Fairfield University continues to serve as a powerful resource to our state’s economic success,” said Vice President of Marketing and Communication Jennifer Anderson '97, MBA'02. “We have invested in expanding the University’s nationally ranked programs, enhancing our learning, living, and research spaces, and offering a rigorous associate’s degree-level education to promising students in underserved communities in our region. Fairfield alumni who make Connecticut their home after graduation are making a significant impact in many high demand fields across our state.”....
www.fairfield.edu/news/archive/2023/march/nearly-1-billion-contributed-annually-to-local-economy.html?utm_source=facebook&utm_medium=social&utm_campaign=mc&utm_content=Philip-Lane&utm_term=FAD%202023%20Honoree&fbclid=IwAR02o7oV0pRlaDLZ1C-x9RHg8W1geNaxNMM24P-2O-vaJvLl-0nYWqce9G0
According to the 2023 Economic Impact Study by CCIC, Fairfield University created 7,171 jobs in Connecticut in 2021, and 13,115 Fairfield alumni who call Connecticut home contribute significantly to spending locally and statewide.
The total annual economic impact of Fairfield University is more than $987 million, according to the Connecticut Conference of Independent Colleges (CCIC) 2023 Economic Impact Study. The University’s economic impact was measured in terms of both the direct and the induced economic impact of the University’s activity on the local economy.
Direct spending, defined as the amount of money spent directly by the University, University employees, students, alumni, and visitors, was valued at over $589 million, with $123 million contributed by employees alone, and above $56 million generated with direct spending by students and visitors.
The induced economic impact — the additional employment and expenditures of local industries that result because of direct spending — was valued at nearly $400 million. Included in the total amount is the opportunity that Fairfield University brings to the region with 7,171 jobs created, and the impact of more than 13,000 Fairfield University alumni who call Connecticut home.
“Fairfield University continues to serve as a powerful resource to our state’s economic success,” said Vice President of Marketing and Communication Jennifer Anderson '97, MBA'02. “We have invested in expanding the University’s nationally ranked programs, enhancing our learning, living, and research spaces, and offering a rigorous associate’s degree-level education to promising students in underserved communities in our region. Fairfield alumni who make Connecticut their home after graduation are making a significant impact in many high demand fields across our state.”....
www.fairfield.edu/news/archive/2023/march/nearly-1-billion-contributed-annually-to-local-economy.html?utm_source=facebook&utm_medium=social&utm_campaign=mc&utm_content=Philip-Lane&utm_term=FAD%202023%20Honoree&fbclid=IwAR02o7oV0pRlaDLZ1C-x9RHg8W1geNaxNMM24P-2O-vaJvLl-0nYWqce9G0