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 2011).
The Numbers
- Employment of over 3,900 employees (faculty and staff combined), makes the university Vermont's fourth largest employer.
- More than 30,000 (30%) of the university's 100,000 alumni live in Vermont and contribute to their communities.
- Each year, UVM commits an increasing amount of its revenue — almost $16.5 million in FY 2011 — to grants and scholarship aid for Vermonters. More than 85% of Vermont undergraduates will receive some form of financial aid, scholarships or grants from the university.
The Dollars
- $426.8 million in direct annual university-related spending in Vermont
- $1.0 billion in direct and indirect impact on the Vermont economy
- $344 million in annual salaries and benefits for over 3,700 faculty and staff employees
- $405 million invested in 42 major capital construction projects since the end of 2004
- $13 million annually in visitor-related expenditures in the Vermont economy
- $1.7 billion in annual earnings of over 30,000 alumni living in Vermont (approximate)
- $128 million annually in research grants and contracts, 84% of which comes from out-of-state sources
- $595 million total operating budget for FY 2011. This results in a 13.7:1 return on investment for the state's appropriation to the university.
Last modified January 07 2013 12:55 PM