ISU Measures Economic Impact

Posted: Updated:
(Image courtesy of Indiana State University) (Image courtesy of Indiana State University)

Indiana State University has released a study that says that connects the school to 4 percent of all jobs in the Wabash Valley. The analysis, conducted by Indianapolis-based Thomas P. Miller & Associates LLC, says ISU contributes $334 million a year to the local economy. It suggests 4,537 jobs were created statewide last year by ISU, which had earnings of $172 million and output of $411 million.

Earnings are defined as gross income of wages earned at directly-created or supported jobs by Indiana State and output refers to revenue from those wages that is spent or consumed within the region. ISU employed 2,400 full and part-time workers in the 2016 fiscal year.

The university says the results are preliminary and the full findings will be released later this month. The final report will also include recommendations from TPMA on how the university can boost its economic development contributions, including pushing for renovations of the 10,200-seat Hulman Center which is in early design/development phases.

Government Relations Department Executive Director Greg Goode says "Indiana State University is very grateful for the financial investment it receives from the state of Indiana and, each year, that investment helps the university carry out its vital educational mission while also providing a significant value-add benefit that spurs the economy of the region and state. This study once more affirms the importance of public higher education as a 21st century economic driver, and the people of Indiana State work hard every day to better position west-central Indiana as a thriving, competitive region. We could not do this without the support of the state of Indiana."

The school last conducted a study of this nature in 2012, but says the metrics are not comparable to the most recent round of findings.

You can connect to more about the preliminary numbers by clicking here.

  • Perspectives

    • (photo courtesy of Conexus)

      Getting the Word Out About Manufacturing & Logistics

      As the epicenter of the nation’s advanced manufacturing and logistics industries, Indiana has a compelling story to tell about how Hoosier companies make and move the goods people depend on every day. Our goal is to ensure everyone hears these stories – many of which share a common theme focused on cutting-edge technologies that are transforming the way products are made and moved around the world and the people who use them. Conexus Indiana launched an...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • (photo courtesy of The Times of Northwest Indiana)

      Historic Hospital to be Torn Down in Gary

      A building that once represented the racial divide in the city of Gary, but long provided health care to the African American community, will soon fall to a wrecking ball. The city says it intends to raze the long-abandoned St. John’s Hospital. 

    • Photo courtesy of Indianapolis Motor Speedway

      Red Bull to Discontinue Air Race World Championship

      The Red Bull Air Race at the Indianapolis Motor Speedway, originally scheduled for October, has been canceled as a result of Red Bull's decision to discontinue the Air Race World Championship following the 2019 season. The company says the races scheduled between June and September in Russia, Hungary and Japan will run as planned. 

    • On-Air

      Find out when and where you can watch and listen to our reports.

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • Eleven Fifty was previously headquartered at Launch Fishers.

      Eleven Fifty to Cut Ribbon on New Location

      Eleven Fifty Academy will cut the ribbon on its new downtown location September 23. The nonprofit coding academy says it will host a grand opening ceremony November 6.