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As an employer, a community partner, and a driver of innovation, Washington University has long had a significant economic impact on the St. Louis region.
A new report outlines and puts numbers behind key indicators of the university's contributions.
Leah Merrifield, assistant vice chancellor for community engagement, helped lead the effort.
“Essentially, every dollar spent by Washington U. creates about $1.50 in additional spending in the region,” Merrifield said. "In 2013, the almost $2 billion spent by WUSTL supported more than 39,000 jobs in the region.
"We now have a system in place to collect agreed-upon data, in a consistent way, every year,” Merrifield added. “Peter Sortino (assistant vice chancellor for special initiatives) and I have led this project, with support from many different campus partners. IS&T (Information Services & Technology) has been a key partner, especially Craig Schaefer (director of application development and support in IS&T).”
Development Strategies, a St. Louis-based economic research consulting firm, helped determine the multiplier effect of WUSTL’s spending in the region.
For this project, the region is defined as the 15-county Metropolitan Statistical Area, which includes the City of St. Louis and parts of the states of Missouri and Illinois.
A downloadable brochure is available here.Image may be NSFW.
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