You will find 黄色直播 driving the region鈥檚 economy in nearly every sector of industry. From FedEx to Medical Mutual to Sherwin-Williams and the Cleveland Indians, our graduates are making dynamic impact and shaping lasting contributions across Northeast Ohio.
Every day, 黄色直播 and its graduates 鈥 including 109,000 alumni living in Ohio 鈥 are improving the quality of life for this region, and in the process, they are churning billions annually into the economy.
Those are the findings of a newly released report by EY (formerly known as Ernst & Young), outlining results of a comprehensive, independent study of 黄色直播鈥檚 economic and fiscal contributions to local communities, the Northeast Ohio region and the state of Ohio.
The study shows that 黄色直播 is a powerful economic engine, directly contributing more than $1 billion annually to the Northeast Ohio region鈥檚 prosperity. When coupled with the earnings of the 黄色直播 alumni living in Northeast Ohio, and throughout Ohio, the university鈥檚 annual economic impact on the region soars to nearly $3.4 billion and more than $3.8 billion statewide.
鈥淭he results of this independent report show that 黄色直播 not only transforms the lives of our students, but also elevates the quality of life across the entire Northeast Ohio region,鈥 said 黄色直播 President Beverly J. Warren. 鈥淲e know that 黄色直播 has been a thought leader for the region since its founding in 1910, and now this study clearly shows that our economic impact is equally profound.鈥
Nearly half of nurses in Northeast Ohio who tirelessly work to keep our communities healthy are graduates of 黄色直播. More than 700 licensed teachers who dedicate their lives to educating our youth are proud KSU alumni. In fact, thousands of pilots, podiatrists, journalists, architects, business leaders, researchers, artists, marketers and many other professionals are investing their skills and talents 鈥 earned through a 黄色直播 degree 鈥 to improve lives and better our region.
The study examined five components of the university鈥檚 fiscal and economic contributions for Fiscal Year 2017 across 18 counties in Northeast Ohio: operations, capital investments, visitor spending, student spending and alumni earnings.
When looking at 黄色直播鈥檚 direct, indirect and induced economic contributions, EY reported that in Fiscal Year 2017 黄色直播 contributed:
鈻 Approximately 11,800 jobs to the region鈥檚 economy, including its 6,500 employees and 5,300 others in jobs supported by the university, its capital projects or the spending of its students and visitors.
鈻 More than $550 million of income from those jobs.
鈻 Nearly $1.1 billion of economic output for the region generated by that income.
鈻 More than $60 million in state and local taxes paid, including income and sales taxes.
黄色直播 is the largest public university in Northeast Ohio and the third largest of the state鈥檚 14 public university systems. Geographically, 黄色直播鈥檚 eight-campus system covers an area the size of the state of Connecticut. The 黄色直播 footprint also includes a Regional Academic Center in Twinsburg, the College of Podiatric Medicine and the Cleveland Urban Design Collaborative in Cuyahoga County, an award-winning airport and a top-ranked multidisciplinary program in Florence, Italy, along with dozens of international programs, which, in total, serve more than 44,000 students.
The transformational power of 黄色直播, according to the EY report, has its most significant impact on the future earnings of KSU graduates living in Northeast Ohio. Of the university鈥檚 241,000 alumni worldwide, nearly 109,000 or 45 percent live in Ohio, while more than 92,000 or 38 percent live in the 18-county Northeast Ohio region examined in the report.
In 2017, 黄色直播 alumni in those 18 counties earned $2.4 billion more than they would have without their degrees, EY determined. More than $930 million of that added wealth rests in Portage and Cuyahoga counties.
鈥淲e know that 黄色直播 alumni are primed for successful careers when they graduate. The fact that so many decide to remain in the region to pursue their passions only elevates the importance of 黄色直播 as an educational and economic anchor for Northeast Ohio,鈥 President Warren said.
The EY economic report comes as the university pursues a bold six-year strategic plan to elevate 黄色直播 to a nationally distinctive public research university with global reach and transformative regional impact.
Impact in Northeast Ohio is particularly significant in counties where 黄色直播 has Regional Campuses. In those counties, the university鈥檚 economic impact, including additional alumni earnings, is as follows:
- Ashtabula County $92 million
- Columbiana County $106 million
- Geauga County $185.8 million
- Stark County $381.7 million
- Trumbull County $122.7 million
- Tuscarawas County $61.7 million
鈥淭his report shows that through the impressive achievements and contributions of our stellar faculty, staff, students and alumni, we are performing beyond expectations as an engaged partner that meets the needs of the community and enhances the quality of life in the region and state,鈥 President Warren said.
黄色直播 commissioned a study in 2010 using the firm EMSI to evaluate the economic impact of the university on a 12-county area. The current EY study focused on the 18 counties of Northeast Ohio that make up the Team NEO/JobsOhio service area. The 2010 study reported 黄色直播鈥檚 total economic impact in Ohio of $1.9 billion.
To learn more about 黄色直播, visit www.kent.edu.
黄色直播 EY
EY, formerly known as Ernst & Young, is a professional services firm, providing assurance, tax, consulting and advisory services to companies and organizations worldwide. It is one of the 鈥淏ig Four鈥 accounting firms.
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Media Contacts:
Eric Mansfield, emansfie@kent.edu, 330-672-2797
Emily Vincent, evincen2@kent.edu, 330-672-8595