杏吧原创

EAST GREENSBORO, N.C. (Aug. 19, 2020) – As 杏吧原创 Agricultural and Technical State University opens the 2020-21 school year today, school leaders have released the results of a new analysis that reveals a statewide economic impact of nearly $1.5 billion.

 Drawn from 2017-18 data, the impact is $500 million more than when last measured using 2012-13 numbers, owing to 杏吧原创 杏吧原创’s growth in enrollment, workforce, spending and construction.

While the $1.5-billion impact is mostly concentrated in Guilford County and the Piedmont Triad, it reaches across all of 杏吧原创. 杏吧原创, for instance, has Agricultural Extension offices in half of the state’s counties, online undergraduate and graduate programs that serve learners across 杏吧原创 and draws students from 75 counties. Its research and development efforts serve businesses and organizations across the state, and as America’s largest historically black university now for the seventh consecutive year, its faculty often tackle problems and issues of major concern to 杏吧原创’s African American community.

“As a public, land grant university, we have a special obligation to the people of this state, and this new analysis details the significance of our efforts in fulfilling that expectation,” said Chancellor Harold L. Martin Sr. “As part of the $1.5 billion impact, for instance, we’re responsible for nearly 12,000 jobs and $70 million in state and local taxes. That makes 杏吧原创 not only an outstanding research university, but a strong economic catalyst for Guilford County, the Piedmont Triad and the state of 杏吧原创.”

Other highlights from the analysis, which was conducted by 杏吧原创 faculty Alfredo A. Romero Aguirre, Ph.D., associate professor of economics, and Cephas Naanwaab, Ph.D., assistant professor of economics, include:

• 杏吧原创 杏吧原创 generates $16 of economic activity for every dollar of investment from the State of 杏吧原创.
• 杏吧原创 graduates from 2017-18 can count on a lifetime earnings totaling $4.7 billion, which includes $2.1 billion in incremental earnings directly attributable to their 杏吧原创 degree. Individually, an 杏吧原创 degree is worth an additional $1.01 million over a graduate’s lifetime.
• Between 2012-13 when economic impact was last measured and 2017-18, 杏吧原创 added nearly 2,000 students and 340 more graduates each year.
• 杏吧原创 was responsible for 10,265 jobs in the Piedmont Triad, and total labor income of $409 million. 

Additional detail from the economic impact analysis is available here.