West Virginia Independent Colleges and Universities, Inc.
Economic Impact Statement
Academic Year 2017-2018
West Virginia Independent Colleges and Universities, Inc. $375.9 Million Impact on the State
West Virginia Independent Colleges and Universities (WVICU) was founded in 1951 by a group of concerned leaders from business and industry to promote the work of the independent colleges in the state. West Virginia Independent Colleges and Universities represents the following non-profit member institutions:
Alderson Broaddus University in Philippi
Appalachian Bible College in Mount Hope
Bethany College in Bethany
Davis & Elkins College in Elkins
Ohio Valley University in Vienna
University of Charleston in Charleston
West Virginia Wesleyan College in Buckhannon
Wheeling Jesuit University in Wheeling
In academic year 2017-2018 the member institutions of WVICU enrolled a total of 8,547 students. Of those students 44% were from West Virginia. Our research estimates that the students spending associated with being on the eight campuses will be $25,429,762 and the amount visitors will spend will be $8,449,506.
The WVICU member institutions employ directly a total of 2,093 employees and create an additional indirect 2,759 jobs in their communities. Approximately $100,445,721 will be disbursed on compensation for the institutions’ employees and a total payroll of $221,990,035 will be created throughout the state as a result of indirect jobs created in their communities. Approximately $73,119,641 will be spent on goods and services in their communities.
Total Economic Impact to West Virginia $375,957,691
Total Students Enrolled 8,547
Total Jobs in West Virginia 4,852
Total Payroll in West Virginia $221,990,035
West Virginia’s independent colleges and universities play an important role in educating students and stimulating the economy of the communities where they are located. They are an active and essential component of our State’s educational, economic and cultural life.
The mission of West Virginia Independent Colleges is to champion independent higher education throughout West Virginia.