{"id":49381,"date":"2017-12-06T15:30:03","date_gmt":"2017-12-06T20:30:03","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=49381"},"modified":"2021-02-23T10:49:28","modified_gmt":"2021-02-23T15:49:28","slug":"economic-powerhouse","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2017\/12\/06\/economic-powerhouse\/","title":{"rendered":"Economic powerhouse"},"content":{"rendered":"

\"Wright<\/a><\/p>\n

Wright State University has more than a $1 billion annual economic impact on the region and supports 14,700 jobs, significantly growing its financial clout from five years earlier, according to a new study.<\/p>\n

The study was conducted by the Southwestern Ohio Council for Higher Education for fiscal 2016, which encompasses Wright State\u2019s 2015-16 academic year.<\/p>\n

Wright State\u2019s $1 billion-plus economic impact represents nearly 15 percent of the $7.3 billion generated in a 20-county region by the 21 colleges and universities that are members of SOCHE. Those members include the University of Dayton and University of Cincinnati.<\/p>\n

\u201cThis study shows that we are clearly a leader in driving the economy in this region,\u201d said Wright State President Cheryl B. Schrader.<\/p>\n

The study measured the impact of Wright State\u2019s Dayton Campus in the Dayton Metropolitan Statistical Area, a region that includes Greene, Montgomery, Miami and Preble counties. It also measured the impact of the Lake Campus in Mercer County.<\/p>\n

Wright State\u2019s $1 billion-plus impact was created by its operations, student spending and capital expenditures. The university directly supported 10,002 jobs and indirectly supported another 4,685, which led to about $421.2 million in wages being paid in the region.<\/p>\n

The Lake Campus alone produced an economic impact of $39.9 million and supported the employment of 577 workers and $12.4 million in total wages. It generated $3.6 million in tax revenues, $468,000 of which went to local governments and $1.5 million to the state.<\/p>\n

In fiscal 2011, Wright State\u2019s total economic impact was $815 million, according to a previous SOCHE study. The university accounted for 7,511 jobs and had a total impact on wages of $342 million over the period, which encompassed Wright State\u2019s 2010-11 academic year.<\/p>\n

In fiscal 2016, Wright State directly employed 7,178 workers, which led to the generation of about $66.9 million in local, state and federal sales, earnings and property taxes. More than 11 percent, or over $7 million, went to local governments; and more than 40.5 percent, or over $25.6 million, to the state.<\/p>\n

Also in fiscal 2016, Wright State spent $408 million on operations at its Dayton and Lake campuses.<\/p>\n

Wright State also made more than $33.5 million in capital expenditures, of which $15.7 million remained in the Greene, Montgomery, Miami and Preble county economy and $658,000 in the Mercer County economy. This spending led to further local sales of about $10.3 million for a total impact of $26.7 million.<\/p>\n

Operations at the Dayton Campus that retained and supported students from the four-county region who may have gone elsewhere for post-secondary education increased economic activity by $335 million, supported 5,310 jobs and resulted in $155.6 million in wages. Supporting non-local students increased economic activity by nearly $193.6 million and led to 3,362 jobs paying total annual wages of $101.5 million.<\/p>\n

Students from the four-county region themselves spent an estimated $165.8 million in the area, which led to further expenditures of $88.4 million and a total impact of more than $254.2 million. The student spending supported an estimated 2,608 jobs in local businesses paying a total of $70.5 million in wages.<\/p>\n

Spending by non-local students was estimated to have increased total economic output by $90.5 million and supported 936 jobs at local businesses paying total annual wages of $25.6 million.<\/p>\n

Operations at the Lake Campus that retained and supported students from Mercer County who may have gone elsewhere for post-secondary education increased economic activity by $3.8 million, supported 90 jobs and resulted in $1.6 million in wages. Supporting non-local students increased economic activity by more than $10.1 million and led to 241 jobs paying total annual wages of more than $4.4 million.<\/p>\n

Students from Mercer County spent an estimated $6.2 million in the area, which led to further expenditures of $1.4 million and a total impact of $7.6 million. The student spending supported an estimated 73 jobs in local businesses paying a total of $1.8 million in wages.<\/p>\n

Spending by non-local students was estimated to have increased total economic output by more than $17.4 million and supported 167 jobs at local businesses paying total annual wages of $4.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Conducted by SOCHE, The study shows that Wright State University is a leading driver of the Dayton region’s economy. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":44532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[722,729,748,743,711,2060,2017,744,725,747,715,4310,18,746,2119],"tags":[],"class_list":["post-49381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academics","category-around-campus","category-business","category-engineering-computer-science","category-faculty-staff","category-graduate","category-nursing-health","category-education-human-services","category-home-news-sidebar","category-liberal-arts","category-news","category-president","category-research","category-science-mathematics","category-university-college"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=49381"}],"version-history":[{"count":7,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49381\/revisions"}],"predecessor-version":[{"id":101789,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49381\/revisions\/101789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/44532"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=49381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=49381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=49381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}