Auburn University has created the foundation for our town since it started off as East Alabama Male College in 1856. From quality educations, to eye-opening events, to the economic boom that traveling sports fans bring, it continues to enrich our city—literally. Ever wonder how all those benefits stack up? As it turns out, the college has an incredibly tangible footprint. Keep reading to learn all about Auburn University’s $5.63 billion impact.
The $5.63 billion impact
$5.63 billion—now that’s one big number! The figure represents how much money Auburn University and its alumni generate for the state of Alabama, according to a recent study.
It looks like it also has shown a bit of progress too. Since the last study, the impact has grown by 1 percent—which is kind of a big deal when billions are involved!
More on gathering the research
So, where did all this info come from? It resulted from a study conducted by Auburn’s Division of University Outreach, as well as Economic Research Services in Montgomery. Data came from four sources:
- Auburn University at Montgomery;
- The Alabama Cooperative Extension System;
- The main Auburn University campus; and
- The Alabama Agricultural Experiment Station.
Other takeaways from the study
Auburn University’s $5.63 billion impact isn’t the only takeaway. The study also noted a few other astonishing statistics—like these!
For instance, of that $5.63 billion, $2.2 billion had a direct economic impact on the state. And, the University has also improved the earning potential that Alabama graduates have, to the tune of $3.42 billion.
It also shows that Auburn is a great place to work—and the University is partially responsible for that fact. The college has brought 27,312 careers to the area. Wow!
Summary
Auburn University isn’t just a local landmark. It makes a wonderful way of life possible for us all! So, if you’re looking for things to be grateful for this holiday season, you can’t forget to add Auburn University’s $5.63 billion impact to the list. Now that sounds like a fun fact to share around the table as you wait to serve up Thanksgiving dinner!
Our town offers a home for a quality education. Speaking of homes—are you looking for yours? Ryan Roberts has extensive experience buying and selling in the East Alabama area. Message him here to start your real estate journey. Finally, for more on local news, check out our blog.
