Grand View’s Impact on the Economy
In May 2010, the Strategic Economics Group analyzed the impact Grand View has on the businesses and residents of central Iowa.
The university is a major contributor to the social and economic progress of the people of central Iowa through its operations and purchases, its payrolls and programs, its capital expansion projects and the local spending of its students. The net impact on the central Iowa economy in 2009 was:
- Nearly $90 million in additional consumer spending
- About $34 million in additional personal income
- 1,037 additional central Iowa jobs, about 56% of which were in the high-paying professional services sectors
- More than $1.3 million spent in the hospitality retail sector by the more than 47,000 visitors that Grand View brought to the community
- On average over the 2002-2009 period, Grand View construction projects added about 60 jobs and $6.4 million to the area economy
- More than 80% of the last two graduating classes took jobs in the metro area – a third of them for the area’s ten largest employers
The study also projected the change in Grand View’s economic impact for 2015. Over the next five years, that impact will increase by more than $33 million, adding an additional $7.8 million to the personal income level of the community and increasing employment by another 253 jobs.
To read the full study, please click HERE.