Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Mont Alto was responsible for $54 million of that amount and nearly 386 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
"These data are a testament to the excellence of each and every Penn State campus," said David C. Gnage, chancellor at Penn State Mont Alto. "Penn State Mont Alto is a strong partner in this region, working to benefit the citizens of Adams, Cumberland, Franklin and Fulton counties and all of Pennsylvania."
In 2008, Penn State Mont Alto spent more than $2.5 million for capital improvements, goods, services and supplies. In addition to the nearly $8.4 million spent by Penn State Mont Alto students, out-of-state visitors also contributed almost $8 million to the region's economy. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Lehigh Valley was responsible for $54.5 million of that amount and nearly 319 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
The economic impact of Penn State's operations and employment is only the first chapter in a powerful economic story that affects every community in the Commonwealth. As the largest generator of total employment among nongovernmental entities, Penn State's direct payroll and benefits obligation is one of the University's biggest benefits to the economy. The majority of the $2.1 billion annual payroll goes to Pennsylvania residents who spend most of their disposable income in the state, and of that, Penn State Lehigh Valley faculty and staff contribute approximately $4.4 million.
In addition, Penn State students also add millions of dollars to the Pennsylvania economy. Penn State students overall spent more than $932 million in the Commonwealth in 2008, and Penn State Lehigh Valley students were responsible for $12 million of that contribution. Out-of-state visitors also contributed just over $6 million in the region. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
Included in the study are the far-reaching effects of all 24 Penn State campuses on the economy of the Commonwealth. Locally, Penn State Hazleton was responsible for $68.9 million of the $8.5 billion total and 443 jobs in the region. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Harrisburg was responsible for $135.1 million of that amount and a direct employment impact of 656 jobs coupled with an indirect impact of 780 more.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
"Penn State Harrisburg has a very significant impact on the regional economy," said Chancellor Madlyn L. Hanes. "But the college's contributions to Central Pennsylvania extend far beyond what is measured in dollars and cents. We are a working partner with business, government and education, providing academic programs, research expertise and technical services to meet the needs of all sectors. We are a key supplier for the local workforce pipeline, a community resource, and a cultural center. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Great Valley School of Graduate Professional Studies was responsible for $76.4 million of that amount and nearly 368 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
Penn State students overall spent more than $932 million in the Commonwealth in 2008 with Penn State Great Valley students contributing more than $18 million. Visitors to the Great Valley campus added more than $4.6 million to the region's economy. The full-service conference center makes Penn State Great Valley a visitor destination for cultural events, corporate training and networking in Chester County. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Fayette, The Eberly Campus, was responsible for nearly $79.5 million of that amount, and accounts for more than 370 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
"The figures this study reports demonstrate not only the impact Penn State has as a whole on the state economy, but also the significant economic impact Penn State Fayette, The Eberly Campus, has on Fayette County and southwestern Pennsylvania as a region," Penn State Fayette Chancellor Emmanuel I. Osagie said. "We consider our campus to be an important community partner--not just an academic institution serving the region--and this study highlights many of our economic contributions." (more)
Penn State DuBois continues to contribute millions of dollars to the region each year, even in a delicate economic environment.
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State DuBois was responsible for more than $66 million of that amount and 342 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Berks was responsible for more than $142 million of that amount and nearly 900 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
Penn State Berks also contributes significantly to Penn State's total business volume impact of nearly $244 million in surrounding Berks and Lebanon Counties.
"Each year, Penn State Berks becomes an even more significant partner in the economic health of the local region and the Commonwealth," commented Susan Phillips Speece, chancellor of Penn State Berks. "Providing quality educational experiences for our students is good for the region and the state." (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Beaver was responsible for $55.1 million of that amount and nearly 349 jobs in the region.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni.
The economic impact of Penn State's operations and employment is only the first chapter in a powerful economic story that affects every community in the Commonwealth.
Penn State Beaver spent $2.7 million for capital improvements, goods and services, and supplies in 2008. Spending by Beaver campus faculty, staff and technical service employees totaled nearly $3.9 million in 2008, and Penn State Beaver students spent almost $10.4 million, part of the overall University student contribution of $932 million. (more)
Penn State's impact extends well beyond its teaching and research. In fact, Penn State is Pennsylvania's largest economic engine, generating more than $17 billion a year in overall economic impact and supporting more than 67,000 jobs. Penn State Altoona contributed about $214 million to that total.
In an independent report released April 23, data show that Penn State not only is fueling the growth of Pennsylvania by directly generating nearly $8.5 billion in economic impact but also influences an additional $8.7 billion through business.
The economic impact of Penn State's operations and employment is only the first chapter in a powerful economic story that affects every community in the Commonwealth. Just over 1,300 jobs are in place because of Penn State Altoona, and faculty and staff spent about $16.5 million of their disposable income in the Commonwealth in 2008. (more)
