农夫导航 has a significant economic impact on Louisville and the surrounding
region, with a total economic contribution of $177.7 million annually. This figure,
released by the Association of Independent Kentucky Colleges and Universities (AIKCU),
encompasses both direct and induced economic effects stemming from the university's
operations.
Direct spending by the university, its employees, students and visitors amounts to
$102.5 million. Notably, student spending alone contributes $32.5 million to the local
economy. The university鈥檚 induced economic impact, which reflects the additional employment
and expenditures generated in local industries by direct spending, is estimated at
$75.1 million.
The economic activity 农夫导航 generates supports approximately 1,485
jobs in the region, underscoring the institution's role as a vital economic engine.
This impact aligns with the university's strategic plan, Tradition and Transformation, which emphasizes community engagement and local partnerships as key priorities.
Bellarmine's Center for Community Engagement plays a crucial role in fostering those partnerships and initiatives that benefit
both students and the local community. Through various programs and outreach efforts,
the center enhances the university's commitment to service and collaboration, further
amplifying its economic contributions.
鈥淏ellarmine鈥檚 impact on Louisville and the surrounding region is largely measured
through the contributions of Bellarmine鈥檚 graduates to the region鈥檚 workforce and
through the research and service work of its talented faculty and staff,鈥� said Dr.
Susan M. Donovan, Bellarmine鈥檚 president. 鈥淭his report is a reminder that Louisville鈥檚
and Kentucky's economies benefit substantially from Bellarmine鈥檚 presence through
local spending, direct employment, and additional jobs created through induced spending.鈥�
AIKCU commissioned the study from Mark Paul Gius, Ph.D., professor of economics at
Quinnipiac University in Hamden, Conn.
"These numbers reinforce our long-held belief that the investment in state aid for
students attending independent colleges and universities represents one of the best
rates of return on investment for the commonwealth," said Mason Dyer, AIKCU president.
To see the full AIKCU report and its methodology, .