Indiana University added $9.9 billion in income to Indiana’s economy in FY 2018-19 through its investments in the educational success of its students; research and innovation; and engagement in the economic development, health and well-being of Hoosier communities across the state.
Expressed in terms of employment, IU’s impact supported 151,015 jobs, according to the results of a new economic-impact study released today during a meeting of the IU Board of Trustees. The “Economic Value of Indiana University” study also indicated that:
- One of every 26 jobs in Indiana is supported by IU and the activities of its students.
- For every $10,000 students invest in their education at IU, they will receive $35,000 in higher future earnings.
- For every $10,000 in tax dollars spent educating IU students, taxpayers will receive an average of $24,000 in return over the course of the students’ working lives.
- For every $10,000 that society invests in IU, Indiana will see $48,000 in benefits over the students’ working lives.
The study was commissioned by the university and conducted by Emsi, a leading provider of economic-impact studies and labor market data to educational institutions in the U.S. and internationally.
More information about the study is available in the IU Newsroom.