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Faith, Scholarship and Engagement: the University of Notre Dame As An

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Faith, Scholarship and Engagement: the University of Notre Dame As An FAITH, SCHOLARSHIP AND ENGAGEMENT: THE UNIVERSITY OF NOTRE DAME AS AN ECONOMIC ENGINE FINAL REPORT – August 9, 2018 FINAL REPORT SUBMITTED TO: University of Notre Dame Notre Dame, IN 46556 FINAL REPORT SUBMITTED BY: Econsult Solutions, Inc. 1435 Walnut Street, 4th Floor Philadelphia, PA 19102 THE ECONOMIC, SOCIAL, AND COMMUNITY IMPACT OF UNIVERSITY OF NOTRE DAME ii TABLE OF CONTENTS Table of Contents............................................................................................................................. ii Executive Summary ........................................................................................................................ iv 1.0 Introduction ........................................................................................................................... 1 1.1 Purpose of Report ........................................................................................................ 1 1.2 About The University of Notre Dame ......................................................................... 1 1.3 Notre Dame as a Regional Economic Engine ......................................................... 2 1.4 Notre Dame as a Values-Driven Institution .............................................................. 3 1.5 Methodology Overview .............................................................................................. 4 1.6 Structure of Report ....................................................................................................... 7 1.7 Recurring Themes ........................................................................................................ 8 2.0 Impact from Annual Operations....................................................................................... 10 2.1 Section Overview ....................................................................................................... 10 2.2 Components of Operations ..................................................................................... 10 2.3 Direct Economic Footprint ........................................................................................ 12 2.4 Economic Impact from Operations ........................................................................ 12 2.5 Industry Distribution of Economic Impact from Operations ................................. 13 2.6 Tax Revenue Impact from Operations ................................................................... 14 2.7 Why Impact from Annual Operations Matters ...................................................... 15 3.0 Community Engagement and Local Impact ................................................................. 17 3.1 Section Overview ....................................................................................................... 17 3.2 Mission in Action ......................................................................................................... 18 3.3 Localized Economic Impact .................................................................................... 19 3.4 Notre Dame's Municipal Infrastructure ................................................................... 23 3.5 The Campus as a Local Amenity............................................................................. 25 3.6 Community Engagement and Investment ............................................................ 28 3.7 Sports Programming in the Community .................................................................. 35 3.8 Catholic Values in Action: Volunteerism and Service Learning.......................... 36 3.9 Scholarship and Financial Aid to Local Residents ................................................. 40 3.10 Why Community Engagement and Local Impact Matter .................................. 41 4.0 Scholarship, Research, and Innovation ........................................................................... 42 4.1 Section Overview ....................................................................................................... 42 4.2 The Role of Research Universities to Regional Competitiveness ......................... 43 4.3 The Importance of Access and Diversity to Creating an Inclusive and Innovative Intellectual Community .................................................................................. 43 4.4 Research Footprint .................................................................................................... 46 4.5 Notre Dame’s Research and Innovation Ecosystem ............................................ 51 4.6 Intellectual Property Output ..................................................................................... 52 4.7 Commercialization and Entrepreneurial Successses ............................................ 53 4.8 A Virtuous Cycle of Innovation ................................................................................ 56 5.0 Impact from Wage Premium............................................................................................. 58 Econsult Solutions | 1435 Walnut Street, 4th Floor | Philadelphia, PA 19102 | 215.717.2777 | econsultsolutions.com THE ECONOMIC, SOCIAL, AND COMMUNITY IMPACT OF UNIVERSITY OF NOTRE DAME iii 5.1 Section Overview ....................................................................................................... 58 5.2 Concept behind Wage Premium ............................................................................ 58 5.3 Direct Wage Premium ............................................................................................... 59 5.4 Economic Impact from Wage Premium ................................................................ 61 5.5 Industry Distribution of Economic Impact from Wage Premium ......................... 62 5.6 Tax Revenue Impact from Wage Premium ............................................................ 62 5.7 The Notre Dame Diaspora ........................................................................................ 63 5.8 Why Impact from Wage Premium Matters ............................................................ 65 6.0 Impact from Student, Visitor, and Retiree Spending ..................................................... 67 6.1 Section Overview ....................................................................................................... 67 6.2 Student Spending ...................................................................................................... 68 6.3 Visitor Spending .......................................................................................................... 70 6.4 Economic Impact from Student and Visitor Spending ......................................... 73 6.5 Industry Distribution of Economic Impact from Student and Visitor Spending . 75 6.6 Tax Revenue Impact from Student and Visitor Spending .................................... 75 6.7 Retiree Spending ....................................................................................................... 76 6.8 Why Impact from Student and Visitor Spending Matters ..................................... 78 7.0 Impact from Event Participant Spending ........................................................................ 80 7.1 Section Overview ....................................................................................................... 80 7.2 The Economic Ramifications of the University as Host to Large-Scale Events .. 80 7.3 Notre Dame Athletics Events and Their Visitors’ Spending .................................. 81 7.4 Other Large Scale Events and Their Visitors’ Spending ........................................ 86 7.5 Economic Impact from Large-Scale Event Participant Spending ..................... 88 7.6 Industry Distribution of Economic Impact from Event Participant/Visitor Spending .............................................................................................................................. 89 7.7 Tax Revenue Impact from Event Participant/Visitor Spending ........................... 90 7.8 Why Impact from Event Participant/Spectator Spending Matters .................... 91 8.0 Impact from Capital Investments ..................................................................................... 93 8.1 Section Overview ....................................................................................................... 93 8.2 Projects and Spending .............................................................................................. 94 8.3 Economic Impact from Capital Investments ......................................................... 98 8.4 Industry Distribution of Economic Impact from Capital Investments ................. 99 8.5 Tax Revenue Impact from Capital Investments .................................................. 100 8.6 Why Impact from Capital Investments Matters ................................................... 101 9.0 Conclusion ......................................................................................................................... 102 9.1 Aggregate Economic Impact ............................................................................... 102 9.2 Why This Matters ....................................................................................................... 104 Appendix A – Report Methodology ......................................................................................... A-1 Appendix B – Direct Economic Activity Detail ........................................................................ A-3 Appendix C – Economic and Fiscal Impact Models ..........................................................
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