In the fall of 2006, JWU commissioned Appleseed from New York City to conduct an independent community and economic impact study for the Providence Campus. The conservative IMPLAM modeling system we chose—widely used in this type of analysis—is tailored to reflect the economic structure of each county in the U.S. and is updated annually based on industry and household spending data gathered by the U.S. Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics.
Between 2000 and 2005, JWU invested a total of $81 million in construction in the Providence area, 80% of which was paid to Rhode Island contractors. During fiscal year 2006, JWU spent $26.2 million on construction of new facilities and improvements to existing buildings on our Providence Campus, including the new Harborside Village, a 576-bed complex of thirteen student residence halls on the Harborside Campus.
During fiscal year 2009, JWU invested an estimated $25 million in Rhode Island. Taking into account spending on payroll, purchasing and construction, off-campus spending by students and visitors (which totaled $82.7 million last year), and the “multiplier effect,” it is estimated that the Providence Campus has directly and indirectly accounted for $327 million of economic activity and more than 3,800 jobs in Rhode Island.
JWU provides a vital source of skilled professionals for a number of large and growing U.S. industries, and bolsters the economies of the communities it calls home. Here’s a snapshot of facts that demonstrates JWU’s impact on the city of Providence. read more