University of Denver's $2.3 Billion Economic Impact on Colorado: A Catalyst for Growth
The University of Denver (DU) significantly contributes to the economic fabric of Colorado, boasting a staggering annual economic impact of $2.3 billion. This figure, derived from a comprehensive study conducted by EConsult Solutions, Inc. (ESI), articulates DU's influence across various levels: the campus region, the city of Denver, and the entire state.
At the heart of this impact is DU's unique two-campus educational experience, which efficiently aligns with its robust research initiatives and active community engagement. Notably, the university's economic contribution to Denver alone amounts to approximately $1.3 billion, showcasing its profound influence on the local economy.
Chancellor Jeremy Haefner expressed pride in the findings, stating, "This economic impact report is a testament to how the University of Denver enriches Colorado." The assertion underlines the institution's commitment to its community as it prepares students for the workforce while also enhancing the state's economy, particularly relevant in an era where the value of higher education is often scrutinized.
DU employs around 11,800 individuals, injecting $38 million in tax revenue into the state treasury and an additional $6 million into Denver's finances. With over 200 academic programs catering to approximately 13,400 students, DU has established itself as a leader in higher education. Impressively, 70% of its graduates remain in Colorado, contributing to the local job market and the economy.
Furthermore, the impact of DU alumni continues to be notable, with an economic effect totaling $986 million and an associated tax revenue of $26 million generated from their activities in Colorado. These figures not only signify the immediate financial impact but also illustrate the long-term benefits that an educated populace brings to the state.
Governor Jared Polis commended the university's ongoing contributions, remarking, "Colorado is the proud home to world-class institutions of higher education, including the University of Denver, which has spent decades preparing students for careers of tomorrow while driving economic growth in our communities and our state." This acknowledgment from state leadership underscores the importance of DU not only as an educational institution but also as a vital economic player.
Adding to the university's significance, DU serves as a local cultural hub. With events such as commencement ceremonies, move-in weekends, and homecoming activities, the university draws over 26,000 visitors to Denver each year. Its athletic programs, boasting 18 Division 1 teams, further attract approximately 287,500 visitors annually, enhancing the local economy and tourism.
The University of Denver, located conveniently close to both downtown Denver and the majestic Rocky Mountains, embodies a commitment to not only academic excellence but also to fostering economic vitality within the community. It emphasizes the potential for universities to serve as critical engines for economic and social enrichment in the regions they inhabit. In conclusion, as DU continues to expand its educational reach and impact, it firmly establishes itself as an integral player in Colorado's economic landscape, validating the role of higher education in fostering sustainable community development and growth.
At the heart of this impact is DU's unique two-campus educational experience, which efficiently aligns with its robust research initiatives and active community engagement. Notably, the university's economic contribution to Denver alone amounts to approximately $1.3 billion, showcasing its profound influence on the local economy.
Chancellor Jeremy Haefner expressed pride in the findings, stating, "This economic impact report is a testament to how the University of Denver enriches Colorado." The assertion underlines the institution's commitment to its community as it prepares students for the workforce while also enhancing the state's economy, particularly relevant in an era where the value of higher education is often scrutinized.
DU employs around 11,800 individuals, injecting $38 million in tax revenue into the state treasury and an additional $6 million into Denver's finances. With over 200 academic programs catering to approximately 13,400 students, DU has established itself as a leader in higher education. Impressively, 70% of its graduates remain in Colorado, contributing to the local job market and the economy.
Furthermore, the impact of DU alumni continues to be notable, with an economic effect totaling $986 million and an associated tax revenue of $26 million generated from their activities in Colorado. These figures not only signify the immediate financial impact but also illustrate the long-term benefits that an educated populace brings to the state.
Governor Jared Polis commended the university's ongoing contributions, remarking, "Colorado is the proud home to world-class institutions of higher education, including the University of Denver, which has spent decades preparing students for careers of tomorrow while driving economic growth in our communities and our state." This acknowledgment from state leadership underscores the importance of DU not only as an educational institution but also as a vital economic player.
Adding to the university's significance, DU serves as a local cultural hub. With events such as commencement ceremonies, move-in weekends, and homecoming activities, the university draws over 26,000 visitors to Denver each year. Its athletic programs, boasting 18 Division 1 teams, further attract approximately 287,500 visitors annually, enhancing the local economy and tourism.
The University of Denver, located conveniently close to both downtown Denver and the majestic Rocky Mountains, embodies a commitment to not only academic excellence but also to fostering economic vitality within the community. It emphasizes the potential for universities to serve as critical engines for economic and social enrichment in the regions they inhabit. In conclusion, as DU continues to expand its educational reach and impact, it firmly establishes itself as an integral player in Colorado's economic landscape, validating the role of higher education in fostering sustainable community development and growth.
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.