Carnegie Mellon University Creates $2.7 Billion in Economic Impact Each Year

Carnegie Mellon University Creates $2.7 Billion in Economic Impact Each Year

Group News posted in on 24 August 2017| comments
audience: Carnegie Mellon University - PGDC | last updated: 24 August 2017

Carnegie Mellon University produces an estimated $2.7 billion in annual economic impact for the Commonwealth of Pennsylvania, mostly in the Pittsburgh area, according to a new report.

"Impact from Innovation: Carnegie Mellon University's Role as a Local and Global Economic Engine," highlights industry collaborations and entrepreneurial activity that have had a transformative effect on the region's global competitive position.

The report quantifies the direct, indirect and induced effects of CMU's Pittsburgh campus on the local, regional and state economy for the 2016 fiscal year. The study, commissioned by CMU and conducted by Philadelphia-based Econsult Solutions, also highlights ways the university enhances quality of life in the region through civic engagement, the arts and service.

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