2011 Economic Impact Study

Page 1

ECONOMIC & COMMUNITY

IMPACT REPORT

2011



Saint Joseph’s University is one of the premier Catholic comprehensive universities in the Northeast. SJU is an integral part of the Philadelphia metropolitan area’s powerful higher education industry and non-profit sector. Providing a quality education to over 8,800 students, the University offers an array of bachelor’s and graduate degrees, including over 75 undergraduate majors, over 45 graduate programs and an Ed.D. in Educational Leadership, as well as 10 special-study programs and 23 study abroad programs. Spanning both Philadelphia and Montgomery counties, SJU’s campus has increased significantly in size to 103-acres with the recent acquisition of neighboring Episcopal Academy. The additional 38 acres include multiple classroom buildings and an enhanced presence in Lower Merion Township. With an annual operating budget of over $179 million, and over 10,000 people living, learning and working at SJU, the University is clearly a significant economic engine for the Philadelphia 5-county region and the state.



$534 Million Annual Regional Economic Benefit As part of Philadelphia’s powerful higher education industry, SJU plays a key economic role by providing higher education to both local students and students from outside the area. By doing so, SJU advances the productivity of and employment opportunities for area students, thereby increasing the quality of the region’s labor force. This makes the region more attractive to companies, and strengthens the region’s economy. SJU provides significant educational opportunities for students residing in the region. Also, since many of the SJU students come from outside the region, the University is considered a regional “exporter,” bringing dollars into the local economy and helping to market, or “brand,” Philadelphia to the outside world. Currently, SJU’s students represent more than 40 states, 28 countries and four continents.

$24 Million

$180 Million

2150

Local Tax Revenue

2011 Operating Budget

Number of Local Employees



Ancillary Spending Ancillary spending is spending associated with University students, visitors, and faculty at venues unaffiliated with Saint Joseph’s University. Such venues include local off‐campus lodging, nearby restaurants, nightclubs, retail, and grocery stores. This also includes hotel expenditures by visiting families and University guests. Ancillary spending by students, visitors and faculty promotes economic growth, as additional money circulates throughout the region.

Spending by SJU students is the largest component of ancillary spending. Students provide a significant source of revenue to local retailers, as they make regular purchases in the community. In addition to student ancillary expenditures, spending by visitors also contributes to the regional and state economies. Local and out‐of‐town visitors coming to the University for events purchase items from nearby retailers, eat at local restaurants, and stay at local hotel facilities.

$66 Million

$8 Million

4200

Student Ancillary Spending

Visitor Ancillary Spending

Average Attendance for Men’s Basketball Home Games



Recent SJU Construction Construction activity contributes to regional economic output, wages, and employment, while also enhancing the University through infrastructure improvements. For the FY2006‐10 period, SJU’s direct construction activity of approximately $229 million is estimated to have generated a one‐time impact totaling nearly $480.5 million in the region, including nearly 3,900 total jobs. Construction activities led to over $4 million in local tax revenue over the 5‐year period. Future planned capital construction has the potential to generate nearly $193 million throughout the region, including nearly 1,600 total jobs.

Recently Completed Construction Projects: Michael J. Hagan ’85 Arena Jack Ramsay ’49 Basketball Center Hawks’ Landing Parking Garage and Retail Facility Rashford and Borgia Residence Halls

Recently Completed Renovation Projects: The Perch Science Center Campion Student Center Maguire Campus, including Quinn Hall Dupperault Hall Campus Commons Nicoletti Music Studios Merion Hall O’Pake Recreation Center

$229 Million

$4 Million

3900

Spent on construction in the last 5 years

Local Tax Revenue from Past Construction

Number of Jobs Created for Past Construction


Maguire Campus Athletic Fields

John ’60 and Maryanne Hennings Post Learning Commons Villiger Residence Hall


Future SJU Construction SJU has currently identified $92 million of planned construction projects for the next five‐year period. These include the construction of the new John ’60 and Maryanne Hennings Post Learning Commons and the renovation of the Drexel Library. The construction is expected to double the existing study facilities for students, adding 120 computer work stations, 24 collaborative study rooms, a special collections area and a new café. Also planned is a new first-year student residence hall to house 400 students. Capital projects will also include landscaping, storm water management and enhancements to the athletic fields on the Maguire Campus, as well as a new SJU community neighborhood lighting project.

Future and Current Construction: John ’60 and Maryanne Hennings Post Learning Commons Francis A. Drexel Library Renovation First-Year Residence Hall Maguire Campus Athletic Fields

103

$92 Million

1600

Total acreage of Saint Joseph’s University

Planned Construction for the next 5 years

Jobs to be Generated by Future Construction Projects


Hawk2Hawk Networking Reception


SJU Alumni Regional Impact SJU’s alumni play important roles in all facets of the region’s economy. The University’s output—its educated and skilled graduates and an important research agenda — is precisely the key input to the region’s future economic competitiveness. SJU’s graduates increase the region’s knowledge base and the skill levels and productivity of its workforce. In addition, SJU’s graduates, play important business and civic leadership roles throughout the region.

In addition to the wage premium they receive, SJU graduates also contribute to the regional economy and local workforce by increasing productivity, enhancing the overall competitiveness of the region, and often continuing the research efforts of the University. SJU graduates in the workforce are estimated to provide approximately $457 million in additional productivity “value” to the region, of which we estimate 10%, or $45.7 million, may be attributed to their SJU education.

Industry Distribution of SJU Alumni Finance and Insurance: 17% All Other Industries: 17%

Transportation and Warehousing: 4% Real Estate and Rental and Leasing: 15%

Health Care and Social Assistance: 5% Accommodation and Food Services: 6%

Educational Services: 10%

Management of Companies and Enterprises: 6% Professional, Scientific and Technical Services: 6%

The wide distribution of career/industries reflects the diversity of educational experience at SJU. University graduates play an important role in many different sectors of the economy but are particularly influential in the areas of business and professional services, education, health care, manufacturing and commerce These are sectors that are particularly important to the economic growth of the Philadelphia region.

Retail Trade: 7% Manufacturing: 7%

28,500

470

80%

Number of Working Regional Alumni

Number of SJU Alumni that are Presidents, CEOs or Principals

Acceptance Rate of SJU Alumni into Medical / Law School


Back on My Feet

Philabundance Community Food Center

Neighborhood Clean Up


Community Impact

Educational Partnerships:

The University has established itself as a responsible and invested civic partner and continues to work closely with community leaders and organizations in the surrounding neighborhoods, including Overbrook and Wynnefield within the City of Philadelphia and Lower Merion and Bala Cynwyd within Montgomery County. Some examples of Saint Joseph’s University civic involvement include:

Samuel Gompers Elementary School Beeber Dimner Middle School Mastery Charter School/Mann Elementary School Overbrook High School Our Mother of Sorrows Our Lady of Lourdes St. Martin de Porres Gésu School DePaul Catholic School Olivet Baptist Church Lamberton Elementary School Norris Square Neighborhood Project

Hand in Hand

Community Partnerships:

A student lead organization that hosts an annual festival open to the entire Saint Joseph’s University community, high school students and individuals with special needs within Philadelphia and the surrounding area. The festival is the largest event held by a student group with nearly 3000 participants each year.

Project Home Simpson House Inglis House ARC of Philadelphia Back on My Feet Hand in Hand Lankenau Hospital Caring People Alliance Special Olympics WePAC (West Philadelphia Alliance for Children) Pick Brown Foundation National Community Day Annual Martin Luther King Day Celebration Athletics Community Day Thanksgiving Dinner Basket Drive Thanksgiving Dinner Dance VITA Community Food Bank of Philadelphia

National Community Day Founded in 2008 by the SJU National Alumni Board, this day of service is an opportunity for SJU alumni to come together and serve their communities. In 2010, over 500 alumni participated at over 30 sites in 15 cities.

2371

67,220

300

Number of Students That Volunteer Annually

Approximate Number of Annual Service Hours

Boxes of Presents Collected for Local Families during Holidays


National Community Day


Anti-Violence Awareness Week Sponsored by the Institute for Violence Research and Prevention (IVRP), which was created in 2001 to facilitate an interdisciplinary approach to the study of violence in order to improve intervention and prevention efforts and to foster partnerships with other regional institutions, community groups and non‐profit organizations. The annual event includes a Candlelight Vigil to memorialize homicide victims in the City of Philadelphia.

IVRP Vigil

Back on My Feet SJU students join members of the Philadelphia homeless population in this program that promotes the self‐sufficiency of participants by engaging them in running as a means to build confidence, strength and self‐esteem. Toys for Tots

Volunteer Income Tax Assistance (VITA) A program offering free tax help for low to moderate income individuals who cannot afford professional assistance. SJU’s program was founded in 1993. In partnership with the IRS and under the direction of accounting faculty, student volunteers assist community residents with the preparation and filing of federal and state income tax returns. Students in the program have helped file more than 4,000 federal and state income tax returns.

4000+

19,600

200

Federal and State Income Tax Returns Prepared by Students in VITA Program

SJU Alumni Located in the Philadelphia Metropolitan Area

Number of Thanksgiving Baskets Collected Annually


National Community Day


In addition to its tradition of civic involvement and service, the University sponsors a variety of extracurricular activities, ranging from performing arts to sports, that enrich the lives of its students and alumni as well as the surrounding community, including:

Merion Train Station Cleanup

Cap and Bells – SJU’s Dramatic Arts Society has performed over 150 productions ranging from Shakespeare to Moliére and modern drama to contemporary musical theatre in its 80‐year history. Men’s and Women’s Basketball Games – The spirit of SJU Basketball radiates throughout the community. Community members and neighborhood schools are offered free admission to various games, offering an opportunity to come together to support the Hawks in the newly renovated Hagan Arena. Use of Track and Athletic Facilities – The athletic

Thanksgiving Basket Drive

facilities at SJU provide venues for students and community members to engage in healthy forms of exercise.

Concerts – Saint Joseph’s University sponsors concerts open to the community each year. Performing arts groups include City Belles, 54th and City, Jazz Band, Voices of Praise and more.

Art Exhibitions – The University Gallery educates and serves the University's students, faculty and staff, as well as the community, hosting seven shows from September through May that highlight local professional artists and students.

465

2000

4500+

Number of Students That Traveled to Appalachia for Service

Participants in Annual Legs Against Arms 5K Run/Walk

Number of Community Members who use SJU Facilities Annually



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