Ohio State has an over $19 billion economic impact in the state of Ohio.
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The Ohio State University is a global leader in student success, research and innovation, patient care and athletic excellence. Now a new study has placed a value on the university’s regional and statewide economic impact. Including operational and capital expenditures as well as student and visitor spending, Ohio State is estimated to have supported $19.6 billion of industry output in Ohio, 116,819 jobs in Ohio, $7.5 billion of labor income, and $663.1 million of tax revenue to state and local governments.
The Economic Impact of The Ohio State University presents a regional and statewide analysis as of 2019. The study was commissioned by the Enterprise for Research, Innovation and Knowledge in collaboration with units and colleges across the university. “We have long known that institutions of higher education have the capacity to significantly drive economic development and create a ripple effect of positive impact in the communities and states where they are located,” said President Kristina M. Johnson. “This data-driven report quantifies that impact and establishes a benchmark against which we will measure future success in our ongoing mission to be the nation’s preeminent, 21st-century land-grant university.”
The report examines the overall spending totals for fiscal year 2019. In addition to more than $8.5 billion in operational and capital expenditures, the university also generated $341.8 million in estimated spending by Ohio State students and $585.5 million in estimated visitor spending.
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