{"id":49415,"date":"2017-12-07T09:15:12","date_gmt":"2017-12-07T14:15:12","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=49415"},"modified":"2017-12-07T09:15:12","modified_gmt":"2017-12-07T14:15:12","slug":"xenia-daily-gazette-story-study-reveals-wsu-economic-impact","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2017\/12\/07\/xenia-daily-gazette-story-study-reveals-wsu-economic-impact\/","title":{"rendered":"Xenia Daily Gazette story: Study reveals WSU economic impact"},"content":{"rendered":"

Excerpt<\/strong><\/em><\/p>\n

\"\"Wright State University has more than a $1 billion annual economic impact on the region and supports over 14,000 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 in the Dayton Metropolitan Statistical Area, a region that includes Greene, Montgomery, Miami and Preble counties. It did not measure the impact of Wright State\u2019s Lake Campus, which operates 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 9,508 jobs and indirectly supported another 4,602, which led to about $408.8 million in wages being paid in the region.<\/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 6,895 workers, which led to the generation of about $63.3 million in local, state and federal sales, earnings and property taxes. About 11 percent, or more than $7 million, went to local governments; and 40.5 percent, or $25.6 million, to the state.<\/p>\n

Also in fiscal 2016, Wright State spent $397 million on operations at its Dayton Campus.<\/p>\n

Operations 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

Wright State also made more than $32.3 million in capital expenditures, of which $15.7 million remained in the four-county economy. This spending led to further local sales of nearly $10.1 million for a total impact of $25.8 million.<\/p>\n

Read the original post at xeniagazette.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Excerpt Wright State University has more than a $1 billion annual economic impact on the region and supports over 14,000 jobs, significantly growing its financial clout from five years earlier, according to a new study. The study was conducted by … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":44532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[730],"tags":[],"class_list":["post-49415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wright-state-in-the-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49415","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\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=49415"}],"version-history":[{"count":1,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49415\/revisions"}],"predecessor-version":[{"id":49417,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/49415\/revisions\/49417"}],"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=49415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=49415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=49415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}