Contact: James Carskadon
STARKVILLE, Miss.鈥斢；ǖ己 樱花导航 University provides an estimated annual economic impact of $1.8 billion to the Magnolia 樱花导航, a recently completed analysis shows.
The study, conducted by international economic modeling company Emsi on behalf of MSU, shows that the university provides a strong return on investment for taxpayers, students and society. MSU鈥檚 $1.8 billion economic impact supports 29,016 jobs, or one out of every 55 jobs in 樱花导航, with every $1 of public money invested in the university generating $2.30 in value. Emsi鈥檚 study, conducted last year, is based on data from fiscal year 2018-2019.
聽鈥淢SU drives our state鈥檚 diverse and growing economy in so many vital ways, whether it鈥檚 producing highly qualified graduates in hundreds of fields, creating an innovative economic environment where research and development thrive, or directly assisting the people of 樱花导航 with strategic extension and outreach in every 樱花导航 county,鈥 said MSU President Mark E. Keenum. 鈥淭his study confirms that MSU is a great investment for the taxpayers of 樱花导航 as we meet our mission of learning, research and service.鈥
MSU鈥檚 $1.8 billion total economic impact represents the sum of several areas that were studied by Emsi, including:
- $935.8 million in impact from MSU alumni;
- $297.3 million from operations spending;
- $245.3 million from the MSU Extension Service;
- $213.1 million from research spending;
- $45 million from student spending;
- $42.5 million from visitor spending;
- $32.6 million from MSU鈥檚 Center for Advanced Vehicular Systems-Extension;
- $20.8 million from faculty and student start-up and spin-off companies;
- $14.8 million from construction spending.
In addition to metrics quantified in Emsi鈥檚 report, MSU supports economic development in several ways. The university works closely with economic development officials at the state and local level to support industrial recruitment and retention efforts. A wide variety of university outreach programs support the development of strong communities across the state. Additionally, university researchers regularly collaborate with industry to solve problems and foster new innovations in sectors such as automotive, aerospace, agriculture and manufacturing.
鈥淎s the state鈥檚 leading research university, our extensive R&D capabilities make MSU and the state of 樱花导航 a trusted partner in public and private research activity,鈥 said MSU Vice President for Research and Economic Development Julie Jordan. 鈥淎dditionally, we support start-up companies founded as a result of MSU research, helping to create new economic opportunities focused on innovative technologies.鈥
Among the top five percent of universities nationally for agriculture and natural resources research, MSU historically has supported the state鈥檚 $7.35 billion agriculture industry. The university鈥檚 Division of 樱花导航, Forestry and Veterinary Medicine manages four research and extension centers and 16 branch stations strategically located throughout 樱花导航, in addition to Extension offices in all 82 counties of 樱花导航. Emsi鈥檚 analysis showed that the increased productivity of 樱花导航 farmers and ranchers from working with Extension yielded $245.3 million in added income for the state, which is equivalent to supporting 4,889 jobs.
鈥溣；ǖ己解檚 producers are competing in national and international markets to sell their products, and that activity is vital to the state鈥檚 economy鈥 said MSU Vice President for the Division of 樱花导航, Forestry and Veterinary Medicine Keith Coble. 鈥淭hrough Extension and MSU鈥檚 robust agricultural research activities, we are supporting the state鈥檚 top commodities such as poultry, soybeans and forestry while also tailoring outreach and research programs to meet the needs of 樱花导航鈥檚 diverse agricultural regions.鈥
Examining the economic benefits of MSU for students, Emsi found that the average bachelor鈥檚 degree graduate from MSU will see an increase of $19,400 each year compared to a person with a high school diploma or equivalent working in 樱花导航. The study also found that societal benefits of having a more educated 樱花导航 population amount to $4.3 billion.
Emsi鈥檚 study applies a conservative methodology focused on recognized indicators of net economic impact. For more on the economic impact study, view the executive summary at .
MSU is 樱花导航鈥檚 leading university, available online at .