NSU_FY2019_Economic_Impact_Report

NSU contributes to the local and statewide economies through its expenditures on operations, capital projects, wages, the spending of students off campus, and the spending of visitors to campus. The direct, day-to-day expenditures of NSU, combined with the student and visitor spending, cause a ripple effect throughout the statewide economy. The total economic impact of NSU in FY 19 totaled $180.7 million. This contribution to the local and statewide economies is a point-in-time snapshot depicting how the expenditures of NSU and its faculty, staff, students, and visitors make an impact. Data Source: Study Type: Geography: Study Year: Methodology: NSU STUDY PROFILE South Dakota Board of Regents and Northern State University Economic Contribution Analysis South Dakota Fiscal Year 2019 (FY 19) IMPLAN NSU Contributes to the State and Local Economy Operations and Spending Contribution NSU operations and capital spending in FY 19 contributed a total of $142.6 million. NSU’s operations generated $88.6 million in direct economic impact, $25.7 million in indirect economic impact, and $28.3 million in induced economic impact. Student Spending Contribution NSU students contributed a total of $33.7 million to the state’s economy in FY 19 as a result of their spending. They generated $22.7 million in direct economic impact, $5.9 million in indirect economic impact, and $5.1 million in induced economic impact. Visitor Spending Contribution Visitor spending contributed a total of $4.5 million. Visitors to NSU generated $2.7 million in direct economic impact, $936,505 in indirect economic impact, and $826,772 in induced economic impact. 7

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