Economic Impact
Aside from the bounty of programs and outreach activities the university engages in, there's further proof of UVM's positive effects on the state in the numbers (as of 2006).
The Numbers
- Employment of over 3,500 employees (faculty and staff combined), makes the university Vermont's fourth largest employer.
- More than 27,000 (30%) of the university's 89,000 alumni live in Vermont and contribute to their communities.
- Each year, UVM commits an increasing amount of its revenues — almost $16 million in FY 2006 — to grants and scholarships for Vermont students. More than two thirds of Vermont undergraduates receive financial aid from the university.
The Dollars
- $325,000,000 in direct annual university-related spending in Vermont
- $810,000,000 in direct and indirect impact on the Vermont economy
- $266,000,000 in annual salaries and benefits for over 3,500 faculty and staff employees
- $58,000,000 average annual investment in construction over the last three years
- $11,000,000 annually in visitor-related expenditures in the Vermont economy
- $1,000,000,000 in annual earnings of over 27,000 alumni living in Vermont (approximate)
- $123,700,000 annually in research grants and contracts, 88% of which comes from out-of-state sources
- $450,000,000 total operating budget for FY 2006. This results in an 11:1 return on investment for the state's appropriation to the university of $40.8 million.
Last modified January 07 2009 01:38 PM
