Study Shows Campus' Regional Impact
By Tomeka Sinclair, Around the Town Editor
The UNC General Administration released study results on Feb. 18 that showed the economic impact UNCP had on the service region in the 2012-13 fiscal year
Chancellor Kyle R. Carter presented the release at the Board of Trustees meeting Feb 20. Dr. Carter expressed to the trustees just how important UNCP is not only to Pembroke, but the neighboring nine counties within the region.
This includes the counties: Robeson, Bladen, Scotland, Richmond, Hoke, Cumberland, Moore and Brunswick.
The study found that UNCP created $256.3 million to the service region which according to report is the equivalent of 5,171 jobs. Results also showed that construction, student, alumni and visitor spending created $389.9 million to the state income. In Robeson County alone, UNCP created $152 million in added county income.
According to the report in the 2012-13 fiscal year UNCP students paid a total of $28.1 million in tuitions, books, fees, and supplies.
It stated that students lost $102 million in wages but their returned investment was estimated at $405.5 million earned for their working careers. It also stated that for every dollar spent on education at UNCP will return $10.20 in benefits.
This study showed that although students spend a lot in education, they get back over 4 times the amount.
The study called “Demonstrating the Collective Economic Value of the University of North Carolina,” was geared towards showing how much of an economic impact higher education has in North Carolina. The economic impact study showed that in all, higher education’s total impact is $63.5 billion in North Carolina. It also found that tax payers invest $4.3 billion in higher education and receive the return investment of $17 billion dollars.
The different economic impacts found in the study were: operations spending, clinical spending, research spending, construction spending, extension spending, student spending, visitor spending, alumni spending and business start-up impact.
According to the northcarolina.edu site, universities offer employment opportunities to workers and spending of these branches support the North Carolina economic system.