Slippery Rock an economic engine, report says
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A report commissioned by Slippery Rock University puts the school's economic impact on the region at $334 million a year, with a return of $18.60 for every state and local tax dollar, the school said today.
The report was prepared for the school by Idaho-based Economic Modeling Specialists Inc. The findings involve the school's primary service area: northern Allegheny County and Butler, Beaver, Lawrence and Mercer counties.
The report says Slippery Rock's service area receives $114 million in income annually as a result of the university's presence, including spending by visitors to the campus and students. The biggest impact, it said, comes from productivity of graduates who live and hold jobs in the school's service area.
"This independent analysis confirms how vital the university is as an economic engine for the region," said Slippery Rock President Robert Smith.
First Published June 1, 2010 5:55 pm