MAKING AN IMPACT The Economic Impact of Independent Higher Education in Pennsylvania The total economic impact THE STATEWIDE PICTURE of independent colleges and The Economic Impact of universities in Pennsylvania Independent Higher Education in Pennsylvania is $16.1 billion. Economic Impact by Region

However, we prefer to think of our Erie & Northwest Scranton/Wilkes-Barre impact in terms of jobs, neighbors, $724 million and community support. $818 million North Central $476 million Lehigh Valley $1.2 billion Metro Pittsburgh South Central Our presence in nearly 100 communities $2.9 billion Metro Philadelphia across the Commonwealth creates $236 million Capital Area $8.7 billion valuable jobs, partnerships, and business $1.1 billion opportunities for Pennsylvanians.

Bucknell University, Bookstore...... TOTAL ECONOMIC IMPACT: $16.1 billion $ 9 , 0 0

0 Estimated Total Economic Impact of , 0

0 Independent Higher Education in PA 0 Institutional Expenditures...... $8,259 million Construction Expenditures...... $955 million Student Spending...... $1,814 million Faculty and Staff Spending...... $5,022 million Visitor Spending...... $83 million TOTAL STATEWIDE IMPACT...... $16,133 million Total On-Campus Jobs: CREATING STABLE JOBS 79,213 The Economic Impact of Independent Higher Education in Pennsylvania Total Salaries Paid to Employees: $4.58 billion

Top 10 Industry Sectors by Annual Payroll 1. Management Firms...... $12.92 billion Scranton/Wilkes-Barre 2. Hospitals...... $10.96 billion Erie & Northwest Jobs: 5,076 3. Offices of Medical Doctors...... $7.71 billion Jobs: 3,028 Wages: $169 M Wages: $121 M North Central 4. Independent Colleges and Universities...... $4.58 billion Lehigh Valley 5. Law Offices...... $3.60 billion Jobs: 2,113 Wages: $107 M Jobs: 5,764 6. Engineering Services Firms...... $2.73 billion Wages: $283 M 7. Commercial Banks...... $2.66 billion Metro Pittsburgh 8. Restaurants...... $2.39 billion Jobs: 12,418 Capital Area Metro 9. Portfolio Management Firms...... $2.34 billion Wages: $718 M Jobs: 6,119 Philadelphia Wages: $266 M Jobs: 43,303 10. Medical Insurance Firms...... $2.26 billion South Central Wages: $2.9 B Jobs: 1,392 Wages: $48 M Independent Colleges & Universities Continue to Create Stable, Long-Term Jobs 85,000 79,213 Many college professors relocate their families to cities and small towns 80,000 jobs throughout 75,000 71,472 Pennsylvania. jobs They spend their 70,000 62,875 salaries in the 65,000 jobs Commonwealth. 60,000

55,000

50,000 1999 2004 2009 Annual Direct Student Spending in Pennsylvania: PILLARS OF MAIN STREET The Economic Impact of $997 million Independent Higher Education in Pennsylvania Top Industries in Pennsylvania Benefiting from Spending by Students Total institutional expenditures by Book publishers Independent colleges and universities in 2009: General merchandise stores $5.4 billion Grocery and beverage stores Real estate rentals Erie & Northwest Scranton/Wilkes-Barre Amusement and recreation establishments $256 million $273 million Restaurants and drinking places North Central Clothing stores $158 million Telecommunications and utilities Lehigh Valley Furniture and home furnishing stores Metro Pittsburgh $428 million Wholesale trade industries $1.1 billion Metro Philadelphia South Central Capital Area $2.8 billion The nearly 285,000 independent $80 million $374 million college & university students in Pennsylvania eat, shop, and spend almost $1 billion annually at local businesses. That’s an average of $3,500 per student! Each year employees of independent colleges and universities in Pennsylvania pay over $130 million in state income taxes into the Commonwealth’s general fund. These employees also pay over $100 million in taxes to local governments throughout the state. Independent colleges and universities are often AGENTS OF CHANGE agents of change in their communities. In recent The Economic Impact of years, our colleges have purposefully built bookstores, Independent Higher Education in Pennsylvania student housing above retail shopping, theaters, and administrative offices to revitalize downtowns. They spend over $500 million annually Sampling of Recent Construction Projects on construction and renovation projects. at Independent Colleges & Universities Mercyhurst College, Frances Warde Hall...... $15,339,000 Albright College, science center...... $27,000,000 Misericordia University, Insalaco Hall...... $7,200,000 Allegheny College, Vukovich Center for Communication Arts. $22,000,000 Mount Aloysius College, McAuley Residence Hall...... $6,087,000 Arcadia University, Oak Summit parking deck...... $2,270,000 Neumann University, Mirenda Center...... $28,450,000 Bryn Athyn College, Doering Center for Science & Research. $21,000,000 Peirce College, College Hall Renovation Library...... $2,007,000 Bryn Mawr College, Schwartz Gym...... $7,500,000 PA College of Art & Design, HVAC overhaul...... $1,000,000 Bucknell University, new bookstore...... $9,000,000 Saint Francis University, DiSepio Wellness Center...... $7,000,000 Cedar Crest College, HBB renovation...... $2,316,000 Seton Hill University, Performing Arts Center...... $20,573,000 Chestnut Hill College, Sugarloaf Mansion...... $5,638,000 Susquehanna University, Green Science building...... $27,227,000 Delaware Valley College, Science Lab renovation...... $250,000 Swarthmore College, accessibility improvements...... $8,000,000 DeSales University, Donahue Hall...... $10,010,000 University of Pennsylvania, Penn Park greenspace...... $46,000,000 Drexel University, Papadakis Integ. Sciences Bldg...... $69,000,000 University of the Sciences in Phila., Woodland Ave streetscape.. $1,050,000 Duquesne University, Power Center...... $27,000,000 Villanova University, Law School & parking garage.... $79,000,000 Gannon University, Zurn Science Center renovation..... $18,500,000 Washington & Jefferson College, Science Building...... $33,000,000 Geneva College, Beyond the Bend...... $8,643,000 Waynesburg University, Chapel...... $7,000,000 Gettysburg College, Center for Athletics...... $25,000,000 Wilkes University, Farley Library renovations...... $743,000 Grove City College, energy projects...... $1,266,000 Wilson College, Brooks Complex for Science...... $25,000,000 Harcum College, library renovation...... $1,449,000 York College of PA, Performing Arts Center...... $33,382,000 Holy Family University, Stevenson Lane residence hall...... $19,594,000

Immaculata University, DeChantal dorm renovations.... $11,453,000 Point Park University, Academic Village...... $

Juniata College, Founders Hall...... $8,659,000 2 4

ing s ollege ateway orners Lafayette College, Scott Hall Renovation 4 K ’ C , G C . . , $ ...... $4,607,000 0 2 0 0 Lebanon Valley College, Neidig Science 0 , 0 ,

Center renovation.. $18,080,000 0 0 0

0 Lehigh University, Environ Sciences & 0 , 0 Engineer Bldg... $62,100,000 0 Lycoming College, The Commons 0 ...... $6,308,000 Marywood University, Architecture School renovation.. $4,000,000 A 21ST CENTURY WORKFORCE RETURN ON INVESTMENT The Economic Impact of The Economic Impact of Independent Higher Education in Pennsylvania Independent Higher Education in Pennsylvania

60% of future jobs will require Pennsylvania’s Investment in post-secondary education. Higher Education, 2008-09 Independent College Degrees: Total in PA % of PA State Funds % of % of PA % of PA Bachelor’s Degrees 40,539 50% Sector (in millions) Total $ Enrollment Degrees Advanced Degrees 24,222 67% Independent Bachelor’s Degrees Awarded to Colleges & $250.6 13% 41% 50% Universities Minority Students 5,965 54% B.S. Degrees in Math, Science, State Related Universities $787.3 41% 23% 25% & Engineering 7,590 51% State System of B.S. Degrees in Math, Science, $601.2 31% 16% 17% & Engineering Awarded to Higher Education Minority Students 1,171 59% Community $296.3 15% 19% 8% B.S. Degrees in Math, Science, Colleges & Engineering Awarded to Women 3,208 59% TOTAL PA Investment in $1,935 million Higher Education Note: PHEAA funds have been distributed to the sectors according according sectors the to distributed been have funds PHEAA Note: distribution. to sector the a grants other and received by funds obtain capital students in for except cannot that included are sector. we funds All education which higher for appropriations PDE

Did you know... in 2006-07 the average taxpayer cost for a Bachelor’s Degree from an independent college was only $3,602, versus $21,691 from state-system and $20,406 from state- related schools? AICUP MEMBERS The Economic Impact of Independent Higher Education in Pennsylvania

Albright College, Reading Haverford College, Haverford Philadelphia University, Allegheny College, Meadville Holy Family University, Philadelphia Alvernia University, Reading Philadelphia Point Park University, Pittsburgh Arcadia University, Glenside Immaculata University, Robert Morris University, Immaculata Moon Twp. Baptist Bible College of Pennsylvania, Clarks Summit Johnson College, Scranton* Rosemont College, Rosemont Bryn Athyn College of the Juniata College, Huntingdon Saint Francis University, Loretto New Church, Bryn Athyn Keystone College, La Plume Saint Joseph’s University, Bryn Mawr College, Bryn Mawr King’s College, Wilkes-Barre Philadelphia Bucknell University, Lewisburg La Roche College, Pittsburgh Saint Vincent College, Latrobe Cabrini College, Radnor La Salle University, Philadelphia Seton Hill University, Greensburg Carlow University, Pittsburgh Lackawanna College, Scranton Susquehanna University, Selinsgrove Carnegie Mellon University, Lafayette College, Easton Swarthmore College, Swarthmore Pittsburgh Lake Erie College of Osteopathic Cedar Crest College, Allentown Medicine, Erie Thiel College, Greenville Chatham University, Pittsburgh Lancaster Bible College and The University of the Arts, Philadelphia Chestnut Hill College, Philadelphia Graduate School, Lancaster Lebanon Valley College, Annville University of Pennsylvania, Commonwealth Medical College, Philadelphia Scranton* Lehigh University, Bethlehem University of the Sciences in Delaware Valley College, Lycoming College, Williamsport Philadelphia, Philadelphia Doylestown Manor College, Jenkintown The University of Scranton, DeSales University, Center Valley Marywood University, Scranton Scranton Dickinson College, Carlisle Mercyhurst College, Erie Ursinus College, Collegeville Drexel University, Philadelphia Messiah College, Grantham Valley Forge Military College, Duquesne University, Pittsburgh Misericordia University, Dallas Wayne Eastern University, St. Davids Moore College of Art & Design, Villanova University, Villanova Elizabethtown College, Philadelphia Washington & Jefferson College, Elizabethtown Moravian College, Bethlehem Washington Franklin & Marshall College, Mount Aloysius College, Cresson Waynesburg University, Lancaster Muhlenberg College, Allentown Waynesburg Gannon University, Erie Neumann University, Aston Westminster College, Geneva College, Beaver Falls New Wilmington Peirce College, Philadelphia Gettysburg College, Gettysburg Widener University, Chester Pennsylvania College of Art & Gratz College, Melrose Park Design, Lancaster Wilkes University, Wilkes-Barre Grove City College, Grove City Pennsylvania Institute of Wilson College, Chambersburg Gwynedd-Mercy College, Technology, Media York College of Pennsylvania, Gwynedd Valley Philadelphia Biblical University, York Harcum College, Bryn Mawr Langhorne * denotes associate membership Harrisburg University of Science Philadelphia College of & Technology, Harrisburg Osteopathic Medicine, Philadelphia Association of Independent Colleges & Universities of Pennsylvania 101 North Front Street, Harrisburg, PA 17101 717-232-8649 www.aicup.org