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Changing Lives Through Higher Educational Opportunities

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Economic Impact Statement

June 18, 2018

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. 

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