Thursday, June 25, 2009
Daniel W. Sieminski, associate vice president for finance and business at Penn State, testified Monday (June 22) on the topic of "Expanding Passenger Rail Service" before the U.S. House of Representatives' Committee on Transportation and Infrastructure's Subcommitee on Railroads, Piplelines and Hazardous Materials. Accompanying him was Teresa Davis, director of the University's Transportation Services. Following is a transcript of Sieminski's testimony. (more)
Tuesday, April 28, 2009
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. (more)
Monday, April 27, 2009
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. (more)
Friday, April 24, 2009
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 York was responsible for more than $78 million of that amount and nearly 485 jobs in the region through its campus of more than 1,600 students.
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 York's total business impact for 2008 was $78,012,401. Penn State York's spending for capital improvements, goods and services, and supplies for the year totaled $2,519,863; faculty, staff, and technical service employees spent $6,052,759; while students spent $19,396,239. In addition to the more than $19 million spent by Penn State York students, out-of-state visitors who attend conferences, sporting, cultural, and alumni events spent $9,985,811. Government revenue impact was $5,116,173.
"Penn State York is grateful to see the increase in our economic impact and we attribute much of it to audiences attracted to the campus by the many free and ticketed programs offered to the community, as well as students, faculty and staff, through the campus' Pullo Family Performing Arts Center," said Joel M. Rodney, chancellor at Penn State York. "Penn State York is proud to be a part of one of the great land-grant institutions in the country."
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Thursday, April 23, 2009
A second study on the economic power of Penn State has again revealed that the University is still the single largest contributor to the state's economy, generating more than $17 billion annually in overall economic impact. In an independent report released April 23, data show that Penn State not only is responsible for directly generating nearly $8.5 billion in direct and indirect economic impact and supports nearly 67,000 jobs, but also influences an additional $8.7 billion through business services, research commercialization and the activities of alumni. (more)
