Duquesne’s Financial Impact Totals $432 Million-Plus
A new economic impact report details Duquesne University’s financial impact of more than $432 million on the regional economy.
Some highlights of just-published report recapping fiscal year 2009 show that Duquesne:
- Employed more than 2,800 people in professional, technical and clerical fields, making the University one of Pittsburgh’s larger employers.
- Increased its total payroll to more than $150 million, producing more than $164 million in direct and indirect financial impact to our region.
- Purchased nearly $69 million in goods and services directly from local businesses.
- Invested over $18 million in new construction and capital improvement projects, which supported 167 local jobs in the building trades.
- Attracted visitors whose spending had a total financial impact of more than $5 million in the city.
- Coordinated thousands of hours of volunteer efforts that have a total estimated dollar value of over $4 million.
- Enrolled more than 10,000 students, whose direct and indirect financial impact in the area totaled more than $130 million.
- Provided comprehensive management and technical assistance to 815 local small businesses—over 11,000 hours of consulting at no cost—and secured more than $12 million in financing that helped to create 50 new businesses.
- Attracted more than $12 million in research funds.
To read more about the economic impact of Duquesne and view other impact reports, visit http://www.duq.edu/public-affairs/publications.cfm
Founded in 1878, Duquesne is consistently ranked among the nation's top Catholic universities for its award-winning faculty and tradition of academic excellence. Duquesne, a campus of nearly 9,500 graduate and undergraduate students, has been nationally recognized for its academic programs, community service and commitment to sustainability. Follow Duquesne University on Facebook, Twitter and Instagram.