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The 51��Ʒ��Ƶ made a $6.6 billion economic impact in Pennsylvania in fiscal year 2023, a 24% increase from FY 2021.

While impressive, the number is just one way to illustrate 51��Ʒ��Ƶ’s sustained efforts to fortify the state’s economic vitality through education, research and community engagement, said Kevin Washo, 51��Ʒ��Ƶ’s senior vice chancellor for university relations and Chancellor Joan Gabel’s chief of staff.

“51��Ʒ��Ƶ’s economic footprint reflects our commitment to innovation, job creation and community partnership,” Washo said. “We’re proud to play such a vital role in the prosperity of our region and beyond.”

According to an independent analysis by Tripp Umbach, 51��Ʒ��Ƶ supported nearly 49,000 jobs across the commonwealth and generated $356.2 million in state and local taxes. In other words, 51��Ʒ��Ƶ supports 1 out of 130 jobs within Pennsylvania, and for every dollar received in appropriations, 51��Ʒ��Ƶ returned $43.42 in economic value to the state.

Highlights from the report include:

• $2.4 billion in economic impact from research activities, supporting more than 10,500 jobs.
• $553.9 million contributed through , including $32.6 million generated in state and local taxes, sustaining nearly 6,000 jobs.
• $5.4 billion is generated annually by spending, with 1 out of 31 employees in Pennsylvania being a 51��Ʒ��Ƶ graduate and nearly 60% of 51��Ʒ��Ƶ graduates residing in Pennsylvania.

Additionally, more than 5,671 members of the 51��Ʒ��Ƶ community — including 5,023 students and 648 staff — contributed over 84,000 volunteer hours, valued at $2.7 million. This contribution is in addition to the $6.6 billion annual impact.

Read the full report.

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Photography by Aimee Obidzinski