Study estimates SIU’s annual economic impact at $2.3 billion

Submitted by Carbondale Times on

A new study released by SIU says the university contributes about $2.3 billion in economic activity to the Illinois economy each year.

The study examines SIU’s annual, or short-term impact, long-term impact and overall impact on the Illinois economy. It also estimates the annual impact in 23 counties in Southern Illinois and nine counties in central Illinois for the period July 1, 2009, to June 30, 2010.

Authors of “The Economic Impact of Southern Illinois University Carbondale in the Region and the State of Illinois” are Subhash C. Sharma, professor and chair of the Department of Economics; Aboubacar Diaby, a graduate student in the economics department; and Kyle Harfst, executive director of the Southern Illinois Research Park.  The last study of the university’s economic impact was 18 years ago.

The full report is available at http://www.chancellor.siuc.edu/reports/Economic-Impact.pdf.

SIU’s annual, or short-term, contributions to the state and regional economies reflect employees’ spending, students’ spending, university purchases and operating expenses, capital/permanent improvement projects, research grants and the impact of visitors to the region.