News

State-owned university system claims economic impact of $6.7B

Written by The Associated Press | Apr 15, 2015 10:28 AM
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Photo by AP Photo/Carolyn Kaster

(Harrisburg) -- The state-owned university system is releasing a study that says its statewide economic impact totals $6.7 billion. 

Chancellor Frank Brogan released the report by the Baker Tilly accounting firm today.

Meanwhile, dozens of students and educators from the State System of Higher Education roamed the Capitol corridors to help lobby for a $43 million increase in state funding that Gov. Tom Wolf has proposed. 

The report says the system's 14 universities generate $4.4 billion in economic activity, mostly in spending by the schools, 110,000 students and 12,000 faculty and staff members.  

The consultant says another $2.3 billion comes from 62,000 jobs that exist because of the universities. 

Last week, the system's board tentatively agreed to freeze tuition rates in exchange for the proposed increase in state funding.

Bloomsburg, Kutztown, Millersville and Shippensburg universities are a part of the SSHE.


   

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