A study released earlier this year revealed that Penn State University contributed more than $11.6 billion to the state’s economy in fiscal year 2017, and Penn State Great Valley contributed more than $28 million of that, according to a report from Penn State News.
The study, which measures the university’s impact in communities across the commonwealth, also found that Penn State Great Valley supports around 300 jobs.
“We are very proud of Penn State Great Valley’s contribution toward our local community,” said James Nemes, chancellor and chief academic officer of the campus. “The vast majority of our students are employed by nearby businesses, and the education we provide is a direct benefit to those companies.”
He said that, in partnership with the Chester County Economic Development Council, the school’s REV-UP Center for Entrepreneurship has assisted dozens of startups in the area.
Penn State Great Valley also generates economic activity in Chester County. These include business revenue and personal income from campus and cultural events and donations of time and money by the school’s students, faculty, staff, and alumni to important local initiatives.
Read more about the study from Penn State News here.