UW-STOUT a Major Contributor to Economy

UW-STOUT a Major Contributor to Economy

Each year, UW-Stout pumps more than $367 million into the local economy and $386 million into the state economy, according to a new report.

The report by the UW-Stout Social Science Research Center, written by assistant professor of economics Rula Qalyoubi-Kemp, is a detailed look at the economic impact of the total spending of the institution, its staff, students and visitors, and the “ripple effects” of this spending. Qalyoubi-Kemp said an often overlooked part of the economic impact of a university is visitor spending, which includes parents who move students in and out of Menomonie, career conference visitors and official business travelers. Besides direct spending of $23 million, visitors generated $1.3 million in sales tax revenue, according to the report.

Summer Outlook 2012