Eastern Michigan University's annual impact on Michigan's
economy was $3.7 billion in 2008, reflecting a return of
$42 for each dollar received from the state. This annual
impact includes $166 million in state tax revenue, equal
to $1.87 for each dollar received from the state.
Those are just several snapshots from a report that details
the broad role Eastern Michigan plays beyond its campus.
The report, entitled "Economic And Social Impact Of Eastern
Michigan University, 2008" can be found at emich.edu/impact.
 |
ECONOMIC IMPACT: Eastern Michigan University's
annual impact on Michigan's economy was $3.7
billion in 2008, which reflects a return of $42 for
each dollar received from the state. These figures
come from a report entitled "Economic and Social
Impact of Eastern Michigan University, 2008." |
Among the other details contained in the report:
- Eastern's operating budget and construction spending
have an impact on the regional economy of more than $1.5
billion per year.
- Eastern students spent an estimated $112 million for off-campus
expenses in 2008.
- Nearly two-thirds of EMU's annual payroll of $179
million is earned by employees who live in Washtenaw
County.
- Retirees of Eastern living in Michigan earned an estimated
$24.8 million in 2008, generating $1.5 million in state
taxes.
- Eastern sponsored or hosted more than 2,200 events,
programs and activities in 2007-2008 that involved more
than 900,000 attendees.
- Eastern partnered with more than 800 different organizations
to engage in community service activities.
- Ninety-one percent of EMU's 22,000 students come from
Michigan, and 75 percent of Eastern's graduates live in
Michigan, contributing to the civic, social and economic
growth of the state.
The report was prepared by Raouf Hanna, head of the Department
of Economics; Andrea Jaechel, associate vice president,
business and finance; and Charles Monsma, professor of
political science.
