The Impact of Excellence
Recently, faculty in the School of Business completed an economic impact study for SIUE. The University boasts a regional economic impact of more than $514 million in the 2015 report, a nine percent increase since 2010. For every state dollar spent on the University, SIUE generates $8.60 of economic impact in the local economy.
SIUE publishes an economic impact report every five years.
More than half of SIUE’s 95,000 alumni live in the region, while historic amounts of new students are moving to the area to pursue higher education at the University. SIUE is the second largest employer in the Madison-St. Clair County region. The total number of regional jobs generated by the University expanded from 8,800 in 2010 to 9,200 in 2015.
Other prominent facts detailed in the study:
- The University received $40 million in grants and contracts for research, teaching and service initiatives during FY14.
- As a result of SIUE athletics, expenditures in the region nearly doubled from $249,000 in 2010 to $497,000 in 2015.
- SIUE generated more than $24 million in state and local tax revenues.
- The University has spent more than $160 million on construction projects since 2010.
Methodology and analysis information are provided to further explain the study. Measuring the current economic impact of SIUE includes the review of incomes and expenditures of relevant constituencies.
SIUE is a key force in the economic development of the region and especially the Metro East and Southwestern Illinois. Since an educated workforce attracts new and vital business, SIUE's presence leads to improvement in the local economy. SIUE prepares students to become professionals in their fields of study, as well as engaged citizens and leaders in their community.
SIUE adds value to people's lives. From direct and tangible benefits to quality of life considerations, SIUE is a community partner dedicated to fostering a climate of collaboration, cooperation and stewardship.