Wednesday, April 25, 2012

Economic Impact of Universities


Boston prides itself in having 35 colleges, universities and community colleges with total student population of 152,000 students. The student enrollment has grown steadily from 1989 to 2010, as the chart shows. According to a report by Boston Redevelopment Authority, “Boston’s colleges and universities support a total of 68,400 jobs in the city when also including the indirect and induced effects totaling 82,360 jobs state-wide. The total contribution to the Gross City Product is $4.9 billion and the effect is even larger, $ 6.2 billion, for the Gross State Product.

Reference and Illustration: Boston By the Numbers: Colleges and Universities, Boston Redevelopment Authority
 
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