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Study: SCSU Worth Nearly $600 Million To Region

Saint Cloud, MN, USA / KNSI
Jake Judd
Jan 27, 2023 | 3:57 PM
SCSU/Facebook

(KNSI) – St. Cloud State University is worth $598.8 million to the local economy, accounting for 4,326 jobs.

The analysis considered the direct spending by SCSU on benefits, capital projects, operations, and pay as well as student spending and services that support SCSU. The study calculated tax revenues generated by the school at around $42.8 million. The study estimated that people who earn degrees from SCSU would help pay an additional $84.2 billion in taxes over their lifetime.

All seven state universities and 26 community and technical colleges have a total statewide economic impact of $8.4 billion, generating an estimated 62,125 jobs.

The study was commissioned by Minnesota State and was conducted by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis.

Read the full report by clicking here.

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