SOUTH BEND -- The University of Notre Dame released a new economic impact study today, which says the institution’s regional impact is $2.46 billion annually.
The new report, prepared by consulting firm Econsult Solutions Inc., expands the scope of the study from previous economic impact reports for the university. In the past, the impact studies looked only at St. Joseph County. The latest study, in looking at economic benefits in fiscal year 2017, expands that scope to include Elkhart and Marshall counties as well.
In a press release, Notre Dame President the Rev. John Jenkins said that the university’s impact is “growing beyond South Bend to incorporate the broader region.”
The impact is significantly higher than the $1.3 billion cited in last year’s study, which examined the impact in St. Joseph County only.
Jessica Brookshire, the university’s associate director for public affairs, said the numbers in this year’s regional report can’t necessarily be compared to county-level studies in the past.
“It’s hard to look at them apples to apples,” Brookshire said. “It’s a different report and different vendor. Our goal this time was to think about it in a different format, what does it mean regionally and how does the region benefit from (Notre Dame’s) economic impact.”
The report credits the university with supporting 16,700 jobs throughout the region through its operational budget, research spending, student consumption and event attendance.
The university also received $138 million in research funding in 2017, and spent an average of $271 million a year between 2015 and 2017 on capital expenditures for new construction and renovations.