CAPE GIRARDEAU, Mo. (KFVS) – A latest financial affect examine discovered Southeast Missouri State College makes an in depth contribution to Missouri’s financial system.
In accordance with the college, the report was introduced to the SEMO Board of Governors by the worldwide labor market analytics agency, Lightcast. It exhibits SEMO contributed $1.4 billion to the state’s financial system in Fiscal 12 months 2023-24–equivalent to supporting 14,725 jobs throughout the state.
“This examine confirms what many in our neighborhood already know: SEMO isn’t just a spot of studying; it’s a driver of financial vitality,” stated SEMO President Dr. Carlos Vargas. “From our campuses in Cape Girardeau, Kennett and Sikeston, our work fuels alternative, innovation and progress for your entire state of Missouri.”
Here’s a breakdown of how SEMO drives earnings throughout the state, based on the evaluation:
- $90.2 million from operations spending by the college
- $8.7 million from out-of-state customer spending when attending college occasions
- $36.1 million from SEMO scholar spending
- $1.3 billion from alumni earnings and enterprise productiveness statewide
The examine additionally provides an in depth funding evaluation, exhibiting the return college students and taxpayers obtain over time for his or her funding within the college.
For instance, college students see a median of $6.50 in increased lifetime earnings for each $1 invested of their SEMO training, whereas taxpayers obtain $2.50 in worth for each $1 of public cash invested in SEMO. Society at giant has a return of $11.70 for each $1 of public cash invested within the college, seeing advantages of $2.4 billion by means of increased earnings, improved well being outcomes, diminished crime and decreased dependence on public help.
SEMO stated it carried out an identical examine in 2020 which discovered the college contributed practically a billion {dollars} to the state’s financial system.
For extra data, go to semo.edu/economic.
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