AICUP Estimates 'Berg's Economic Impact
A recent study released by the Association of Independent Colleges and Universities in Pennsylvania (AICUP) reported that Muhlenberg College contributes $127,383,712 a year to the Pennsylvania economy. The total economic impact of independent colleges and universities in the state is $16.1 billion.Wednesday, June 30, 2010 11:45 AM
As an active AICUP member, Muhlenberg College's presence in the Lehigh Valley has created jobs, partnerships and business opportunities for local residents. In addition, the College will spend more than $30 million in construction projects in calendar years 2009 and 2010.
Independent colleges and universities create 79,213 on-campus jobs in Pennsylvania, with salaries totaling $4.58 billion. In the last few years, more than $500 million was spent on construction jobs for private institutions, helping to create 3,389 construction jobs.
Among the findings for the College were:
- Direct Employment (not including student workers): 719
- Additional statewide employment attributable to institution-related economic activity: 537
- TOTAL statewide employment attributable to institution: 1,256
- Benefit to Pennsylvania state budget from payroll taxes: $915,570
- Benefit to local government budgets from payroll taxes: $318,928
Statewide Economic Impacts:
- Student Spending Impact: $5,450,109
- Institutional Expenditures Impact: $50,482,084
- Visitor Spending Impact: $1,010,068
- Employee Payroll Impact: $39,019,34
