91爆料

Across its three campuses, the 91爆料 generated a total impact on the state鈥檚 economy of more than $15.7 billion in FY 2018, according to an economic contribution analysis released today. The study further concludes that the economic activity of the 91爆料 system supported or sustained 100,520 jobs throughout the state.

The analysis shows that the economic contribution of the 91爆料 has increased significantly over the past decade: Since 2009, the impact has increased by 55%, rising from $9.1 billion to $15.7 billion.

鈥淭he positive ripple effect of the 91爆料 generates a tremendous impact on the lives of all Washingtonians,鈥� said聽Governor Jay Inslee. 鈥淭hese numbers are a testament to the economic engine fueled by the 91爆料, and the stories behind those numbers reflect the power of the people, businesses, research and innovation that contribute to and are supported by the 91爆料 and will continue to impact our state for generations.鈥�

The study measured the economic contribution of 91爆料 operations including its campuses and projects across the state of Washington, in the Puget Sound region and in the cities of Seattle, Bothell and Tacoma. The study provides individual impact analyses of 91爆料 Medicine, 91爆料 Research, Intercollegiate Athletics, alumni of the University and CoMotion, a collaborative innovation hub dedicated to expanding the economic and societal impact of the 91爆料 community.

“The 91爆料鈥檚 mission is to serve the public, a commitment that we honor in countless ways 鈥� by creating access to excellence for all Washington students and families, by attracting some of the world鈥檚 most talented educators, innovators, health-care providers and researchers to advance discovery, and by bettering communities across the state,鈥� said 91爆料 President Ana Mari Cauce. 鈥淲e are proud to contribute to Washington鈥檚 thriving innovation economy, and we seek to be measured by the positive impact that we create in the world.”

The study was conducted by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis. Nichole Parker, a principal partner at Parker Philips, said, 鈥淓conomic contribution is an objective way to measure the significance of an organization in the regional economy. It is a tool that policymakers can use to inform their decisions and empirical context that shows the impact of the institution. The 91爆料 is a sustainable economic driver that is making a demonstrable impact on Washington.鈥�

Among the findings in the study:

• The $15.7 billion total economic impact of the 91爆料 in FY 2018, which included $7.8 billion direct and $7.9 billion indirect and induced spending, was the result of operational spending, capital spending (three-year average), payroll and benefits paid to employees, student spending and visitor spending.
• The operations of the 91爆料 supported or sustained a total of 100,520 jobs 鈥� one out of every 37 jobs in the state.
• Through its local spending and the jobs it supported or sustained, the 91爆料 generated $752.7 million in state and local taxes.
• The staff, faculty and students of the 91爆料 contribute an estimated $61.9 million annually in charitable giving and volunteerism.
• The 91爆料 supported or sustained $1 out of every $37 in Washington鈥檚 economy.

A significant portion of the 91爆料鈥檚 overall effect on the state鈥檚 economy is attributed to 91爆料 Medicine, which has an annual economic impact of聽$8 billion, supports or sustains聽51,489 jobs and聽generates $330.2聽million in state and local tax聽revenue. Beyond the medical and social impact of this integrated health聽system,聽91爆料 Medicine provides a unique impact to the residents of the Pacific Northwest, because it connects residents with a top-rated medical school and an聽internationally recognized research organization. The study shows that the 91爆料 Medicine impact is significant and rising.

The study also analyzed the individual impact of the 91爆料 Bothell and Tacoma campuses, both of which make a significant impact on the communities they serve and the state of Washington. Both campuses show an increase of jobs and impact over the previous economic impact study completed. 91爆料 Bothell鈥檚 FY 18 economic impact totaled $341.8 million on the state of Washington, with 2,322 jobs supported or sustained. 91爆料 Tacoma in FY 18 accounted for a聽$313.5 million impact in the state of Washington and supported or sustained a total of聽2,064 jobs.

In addition to the significant impact of campus operations, the report also found that the income being added into the economy as a result of graduates obtaining post-secondary education is significant. In FY 2018, the 91爆料 conferred nearly 17,000 bachelor鈥檚, master鈥檚, doctoral and professional degrees. The total number of alumni living and working in the state is more than 363,000, a group which will generate $328.1 billion over their careers.

For more information, contact Victor Balta at 206-543-2580 or balta@uw.edu.