Kent State University's economic impact is more than $3 billion a year in Northeast Ohio, report says
March 15, 2018
KENT, Ohio - Kent State University's annual economic impact in Northeast Ohio exceeds $3 billion, according to a new study.
The study, released by EY (formerly known as Ernst & Young), concludes that Kent State directly contributes more than $1 billion annually to the Northeast Ohio region's prosperity. When coupled with the earnings of 109,000 alumni living in Ohio, the university's annual economic impact on the region is nearly $3.4 billion and more than $3.8 billion statewide.
"The results of this independent report show that Kent State University not only transforms the lives of our students, but also elevates the quality of life across the entire Northeast Ohio region," President Beverly Warren said in a news release. "We know that Kent State has been a thought leader for the region since its founding in 1910, and now this study clearly shows that our economic impact is equally profound."
The university said the report reflects a comprehensive, independent study of Kent State's economic and fiscal contributions to local communities, the Northeast Ohio region and the state of Ohio.