Missouri S&T’s economic impact to state: $487 million, 6,540 jobs
Posted by Kimber Crull
Missouri S&T contributed $487.2 million to the state’s economy during the fiscal year that ended last June, according to a new report released this month by the University of Missouri System.
That total represents the direct impact of spending in the state ($140.5 million) and the indirect spending that occurs as a result of the university’s presence in the state ($346.7 million).
Missouri S&T also supports 6,540 jobs in the state. This includes 3,270 full-time and part-time jobs directly supported by S&T. In addition, more than 25,000 S&T alumni live and work in Missouri, creating a $4.5 billion economic impact to the state economy.
During Fiscal Year 2021, Missouri S&T’s research efforts generated $190.6 million in economic impact and supported 1,342 jobs while producing $10.3 million in tax revenue.
To read more visit news.mst.edu.
Posted by Kimber Crull
