UMass Dartmouth contributed $517M to Mass. economy last year

The University of Massachusetts Dartmouth returned $9 to the state economy for every $1 invested by the state in 2013, according to a new study by the UMass Donahue Institute. More

To continue reading this article, please do one of the following.



higher education

UMass Dartmouth contributed $517M to Mass. economy last year

THE DONOHUE INSTITUTE at the University of Massachusetts Dartmouth said the school contributed $517 million to the state economy last year and supported 2,483 jobs outside the campus. In addition, UMass Dartmouth students dedicated 195,063 hours of community service in 2013, UMass said.
Posted 5/22/14

DARTMOUTH – The University of Massachusetts Dartmouth returned $9 to the state economy for every $1 invested by the state in 2013, according to a new study by the UMass Donahue Institute.

That metric is derived from UMass Dartmouth’s contribution of $517 million to the Massachusetts economy last year. The school also supported 2,483 external jobs – in addition to the 1,220 faculty and staff employed there. About a quarter of the school’s operating budget is funded by the state.

UMass Dartmouth is part of the five-campus UMass system, which contributed a total of $6.1 billion to the economy of Massachusetts and supported 29,552 jobs in the state in 2013, the Institute reported.

The university cited three significant catalysts for growth, including the School for Marine Science & Technology, which is engaged in a $45 million expansion; the College of Visual and Performing Arts in downtown New Bedford, which has attracted $90 million of private investment in the surrounding neighborhood; and the Advanced Technology and Manufacturing Center in Fall River.

The ATM center had combined annual sales of over $50 million in 2013, while, historically, its companies have generated more than 200 jobs. Fifteen companies have already graduated from the ATMC, with 80 percent of them staying in Massachusetts, the university said.

Other reported major economic drivers are a continuing education center in downtown Fall River that attracts students to the area and the Massachusetts Accelerator for Biomanufacturing in the city’s bio-park, in which the university has chosen to invest.

In addition, UMass Dartmouth students dedicated 195,063 hours of community service at a value of $5.3 million to the community. More than 100 UMass Dartmouth faculty members taught 170 service-learning sections this past academic year that engaged nearly 5,000 students in projects that benefit the community.

That work earned the university one of 12 spots among President Higher Education Honor Roll Finalists from nearly 4,500 campuses nationwide.

Washington Monthly has ranked UMass Dartmouth 25th on its list of best master’s institutions impacting individuals and communities in the United States, the school said.

Calendar
PBN Hosted
Events

Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement