IUN Makes a Huge Annual Economic Impact
A new study from Indiana University and EMSI, a leading provider of economic impact studies to colleges and universities in the U.S. and around the world, demonstrated that IU Northwest adds $261 million in income and supports 4,138 jobs each year in Northwest Indiana each year.
The “Economic Value of Indiana University” study also found that:
- For every $1 students invest in their education at IU Northwest, they receive $3.90 in higher future earnings, taxpayers gain $1.30 in tax revenue and society gains $8.50.
- The average bachelor’s degree graduate from IU Northwest sees an increase in earnings of $20,100 each year compared to someone with a high school diploma working in Indiana.
- The impact of the increased earnings of IU Northwest alumni and the businesses they work for is equal to an economic boost similar to hosting the World Series 37 times.
As noted in the executive summary for IU Northwest, our campus and the daily lives of people in our region are inextricably intertwined. “Through economic engagement activities, IU Northwest connects its intellectual and creative resources with strategic opportunities that align educational programs with the workforce needs of the region … and further benefits the area by educating citizens, enriching arts and culture, enhancing policymaking, developing sustainable infrastructure, and promoting economic growth.”
To learn more about the study and its findings please view the following documents:
Data and assumptions used in the study were based on several sources, including the FY 2018-19 IU academic and financial reports from IU’s Office of the University Controller and IU University Institutional Research and Reporting; industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau; outputs of Emsi’s Multi-Regional Social Accounting Matrix model; and a variety of studies and surveys relating education to social behavior.
