Statewide Impact
for every $1…
$4.40
Invested in their education, Alcornites gain $4.40 in lifetime earnings
$1.50
Of public money invested in Alcorn, taxpayers gain $1.50 in added tax revenue and public sector savings
$3.10
Invested in Alcorn, society gains $3.10 in added income and social savings
$100.5
Students will receive $100.5 million in increased earnings over their working lives
MILLION
3.9% $292.4 MILLION
Economic Impact Report highlights
The annual rate of return for taxpayers is 3.9%
If students remain active in the state workforce, the Mississippi economy will grow by $292.4 million over the course of students’ working lives
alcorn.edu 601.877.6100 1000 asu drive lorman, ms 39096
a lc o r n stat e u n i v e r s i t y lo r m a n , m i s s i s s i p p i
ALCORN STATE UNIVERSITY’S 2018 - 2019 TOTAL ANNUAL IMPACT 3 alcorn university educated:
$149.1
4,072
MILLION
degree-seeking students
2,873
added in income to the region’s economy
JOBS
alcorn university employed:
864
which equates to approximately
faculty & staff members
ALUMNI IMPACT
OPERATIONS SPENDING IMPACT
Historically, land-grant universities opened opportunities to thousands of farmers and working-class people previously excluded from higher education.
Impact of the increased earnings of Alcorn alumni and the businesses they work for in the Southwest Mississippi River Region
Impact of annual payroll and other spending
$54.3 MILLION
$85.7
in operations expenses added to the local economy
MILLION
in added income
As a land-grant institution, Alcorn State University was founded to improve the lives of Mississippi residents through higher education, while
Enough to buy
Enough to buy
simultaneously supporting the country through
1,017
economic growth in key fields like agriculture, science, and engineering. That duty has not
1,782
402
new cars4
jobs supported
changed in the 150 years since its founding, as
jobs supported
246
houses in the local area5
part of fulfilling its land-grant university mission of education, research, and extension for the state of Mississippi, Alcorn creates a significant
STUDENT SPENDING IMPACT
positive impact on the business community and generates a return on investment to its major
Impact of the daily spending of Alcorn students attracted to or retained in the region
stakeholder groups—students, taxpayers, and society. The findings in the following pages will 1
highlight the extent of Alcorn’s impact throughout
$9.1
Enough to buy
MILLION
286
added to the Mississippi economy
jobs supported
1,040
families6 a year’s worth of groceries7
the Southwest Mississippi River2 region, which includes parishes in the state of Louisiana.
All results of the analysis reflect the fiscal year 2018-2019 For this analysis, the Southwest Mississippi River Region is comprised of Adams, Amite, Claiborne, Copiah, Franklin, Hinds, Jefferson, Lawrence, Lincoln, Pike, Walthall, Warren, and Wilkinson Counties in Mississippi and Concordia and Tensas Parishes in Louisiana 3 Figures exclude positive impacts of Alcorn State University’s Extension Program activities
Figures from USA Today 2015 study on average cars values in America Local area home values Family of four 7 Cost of feeding a family of four
1
4
2
5
6