Penn State Wilkes-Barre contributes over $23 million to PA economy
UNIVERSITY PARK, Pa. – Penn State Wilkes-Barre contributed $23,326,137 million to the Pennsylvania economy in fiscal year 2017, and supported, directly and indirectly, 311 Pennsylvania jobs. A new study, released Feb. 26 by Penn State, focused on measuring the University’s impact in communities across the Commonwealth.
Overall, the study found that Penn State is an economic powerhouse, contributing more than $11.6 billion to the state’s economy. More than 102,000 Pennsylvania jobs can be attributed to Penn State on the whole, the study found; and for every $1 in state appropriations received by Penn State, the University returns $1.24 in tax payments to the Commonwealth.
“As part of the Invent Penn State initiative, Penn State Wilkes-Barre partners with the Greater Wilkes-Barre Chamber of Business and Industry to promote employment growth, business development and entrepreneurial spirit in Northeastern Pennsylvania. Services at the Wilkes-Barre THINK Center are offered free of charge to community members, Penn State students, other local college students, and employers. Programming and resources include speaking events, pitch competitions, start-up support, networking opportunities, business development, employment outreach, conferences and business space,” said Penn State Wilkes-Barre Chancellor and Chief Academic Officer Dale Jones.
“By any measure, Penn State is a powerful economic engine for Pennsylvania, contributing billions of dollars each year to the economy in communities across the Commonwealth, educating more than 98,000 students annually, and creating many thousands of jobs,” said Penn State President Eric J. Barron. “This study highlights the widespread nature of Penn State’s economic contributions. Our University, with 24 locations across the Commonwealth, an academic medical center and a growing health system, is an engine that drives the economy and improves lives in all 67 Pennsylvania counties.”
The study employed a best-practice model, endorsed by the Association of Public Land-Grant Universities (APLU) and the American Association of Universities (AAU), to measure Penn State’s annual contribution to Pennsylvania’s economy. The study focused on quantifying the direct and extended impact of the University’s spending on goods and services in Pennsylvania, employee pay and benefits, spending on renovations and new facilities, student spending, and operations expenditures for Penn State Health. It also found that Penn State’s 24 campus locations spread the University’s economic contributions into communities in all corners of Pennsylvania, in a way that is unmatched by any other university in the Commonwealth.
Other measures of Penn State’s contributions
The study provides an important view of Penn State’s contributions by certain measures. Chancellor Jones also highlighted that there are many other ways in which Penn State Wilkes-Barre generates economic activity in Northeastern Pennsylvania and benefits Pennsylvania students, families and residents.
Examples of these secondary benefits to Pennsylvania are numerous.
Beyond the $23 million in total economic contributions measured by the study, additional secondary impacts of Penn State Wilkes-Barre’s presence in the region not measured include business revenue and personal income generated by visitors to campus educational and cultural events, and other attractions annually; donations of money and time by Penn State Wilkes-Barre students, faculty, staff and alumni to important regional causes, such as United Way of Wyoming Valley; fostering new business startups and driving student career success and job creation through Invent Penn State and the Wilkes-Barre THINK Center; providing workforce training programs through Continuing Education that contribute to developing a highly skilled workforce that can create new business ventures or attract businesses to the region; and the many other ways Penn State through its teaching, research and service helps Pennsylvania and its citizens to compete and succeed on a global stage.
In addition to overarching contributions, the study highlights the significant local influence of Penn State’s campuses on the state’s economy and citizenry. Outside of University Park and Penn State Health, the study found that Penn State operations and student spending at campus locations across the Commonwealth combined for more than $2 billion in total economic contributions, with most of those impacts coming in the county in which each campus is situated.
More than 95 percent of Pennsylvania residents live within 30 miles of a Penn State campus, and 75 percent live within 15 miles, putting a world-class Penn State degree within driving distance for most Pennsylvanians. The University’s 19 undergraduate Commonwealth Campuses alone play a critical role for Pennsylvanians statewide, serving more than 30,000 students and employing more than 8,000 full- and part-time faculty and staff members.
“Along with fulfilling our land-grant mission to provide an accessible and affordable education to Pennsylvania citizens, the campuses have a powerful economic impact throughout the Commonwealth, tie Penn State philanthropy and volunteerism to local communities, and support our strategic efforts and moral imperative to foster diversity and inclusion,” Barron said in recent remarks to the Penn State Board of Trustees. “Our campuses help Penn State to serve the families of Pennsylvania, enabling students to access a world-class education and to live at home, work and go to school in their own local communities.”