Auburn University Economic Impact: Auburn University is a powerhouse for Alabama’s economy, contributing over $6.34 billion, as revealed by a recent study.
Auburn’s Impact Unveiled Since 1996, Auburn’s Division of University Outreach has undertaken seven economic impact studies, gauging the direct and indirect effects of the Auburn University System. The 2023 study shows a significant 12% increase in the university’s contribution since 2021:
- $2.53 billion: Direct economic impact
- $3.81 billion: Indirect economic impact, encompassing the earning potential of in-state graduates
- 30,296 jobs: Total jobs created by the university, in addition to its direct employment
Auburn’s President, Christopher B. Roberts, emphasizes the university’s dedication to Alabama’s progress, forging impactful partnerships, conducting groundbreaking research, and nurturing a pipeline of successful alumni.
Comprehensive Study This comprehensive study encompasses data from Auburn’s main campus, Auburn University at Montgomery, Auburn’s Research and Innovation Campus at the Huntsville Research Center, Auburn Research Park, Auburn University Urban and Rural Studios, the Alabama Agricultural Experiment Station, and the Alabama Cooperative Extension System spread across all 67 counties.
Royrickers Cook, Vice President for University Outreach and Associate Provost, highlights Auburn University’s dual contribution to Alabama’s financial prosperity and the enhanced quality of life for its residents through education, research, and outreach.