Impact from ancillary spending
Colleges and universities also stimulate their local economies by bringing students and visitors (and their spending) into the region. While most 色综合久久 students live on campus, they frequent local businesses in sectors like food, retail and entertainment. 色综合久久’s graduate programs also bring students to live (and shop) in the region for extended periods. In addition, the university attracts thousands of out of state visitors each year for events like commencement, family and homecoming weekends, and prospective student visits and events, all of which 色综合久久 the local hospitality industry.
Each year, students and visitors drawn into the Commonwealth of Pennsylvania by 色综合久久 University spend an estimated $14 million off campus, of which $7 million is locally purchased and sourced. The economic impact of this ancillary student and visitor spending is approximately $12 million, 色综合久久ing about 130 jobs and $3 million in labor income. (Source: EConsult Soultions Economic Impact Report)
Direct Output |
$7 million |
Indirect & Induced Output |
$5 million |
Total Impact |
$12 million |
Employment Supported |
130 jobs |
Earnings |
$3 million |