Study: PSU Generates $17 Billion
A study commissioned by Penn State shows that the university generates more than $17 billion for the state's economy, making it the largest single contributor to the economy.
The figure includes $8.5 billion in what the study calls "direct and indirect economic impact" and $8.7 billion through business services, research and alumni activities.
The study says Penn State is the largest creator of employment among non-government entities with 44,000 workers.
University president Graham Spanier says he hopes the results will help residents and elected officials in the state understand how much the university system means to the Commonwealth.
The figure includes $8.5 billion in what the study calls "direct and indirect economic impact" and $8.7 billion through business services, research and alumni activities.
The study says Penn State is the largest creator of employment among non-government entities with 44,000 workers.
University president Graham Spanier says he hopes the results will help residents and elected officials in the state understand how much the university system means to the Commonwealth.
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