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.