GVSU’s Annual Economic Impact Is Over $730 Million
Grand Rapids continues to enjoy steady growth and the success of Grand Valley State University is one of many reasons why.
Grand Valley State University’s annual economic impact report is out. The report shows Grand Valley had a regional economic impact of $730.1 million in 2013.
The report also indicates that GVSU created an estimated 10,707 jobs.
There are a total of 2,385 full-time faculty/staff and 3,236 part-time faculty/staff at GVSU. Faculty/staff salary totaled $228.6 million in 2013.
Students enrollment includes 19,853 full-time and 4,624 part-time. Estimated student expenditures in the area was $186.5 million.
GVSU has more on growth in 2013:
New construction and renovations pumped more than $21.7 million into the local economy in 2013, creating nearly 500 trade and construction jobs. A new 151,000-square-foot Science Laboratory building is under construction on the Allendale Campus to support the science, technology, engineering, mathematics (STEM) and health professions fields. Grand Valley purchased land in downtown Grand Rapids to expand the university’s health campus as part of Medical Mile.