Study Showcases University’s Economic Impact

  • EconImpactThe economic impact of Missouri Southern on Jasper County in 2013-14 was almost $200 million, according to a recent economic impact study.

    The study was commissioned in order to better quantify that financial impact and to effectively communicate the findings with local leaders and stakeholders.

    It was conducted by Impact DataSource, a nationally recognized consulting, research and analysis firm in Austin, Texas.  IDS has conducted more than 2,500 economic impact studies for a variety of private and governmental clients, including universities such as North Dakota State, Texas A&M, Texas Christian, Ohio State, Mississippi and Minnesota State.

    Among the study’s key findings:

    • Missouri Southern had a total economic impact on Jasper
      County of $198.6 million in 2013-14. This included
      direct and indirect workers’ earnings, economic output
      by the institution, and spending by visitors.
    • MSSU directly employs 697 individuals with an additional
      700 “spin-off” jobs in the local economy. Total
      workers’ earnings for these 1,397 jobs was $65.5 million.
    • The direct financial impact of university operations on
      the economy was $105.4 million. This takes the form of
      output or sales by the institution.
    • Every MSSU student spends, on average, $12,262 per
      year in Jasper County.
    • 97,544 spectators and non-spectators visit MSSU’s campus
      each year, generating $13,215,177 in economic impact.

    Dr. Alan Marble said the study’s findings should not come as a surprise.

    “From the money our students and employees spend in the region to
    the dollars that are generated as parents and fans attend events on campus,
    Missouri Southern is making a powerful fiscal impact,” he said.

    View the entire report here.

     

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