The Economic Impact of the 蘑菇视频
The 蘑菇视频 is a major driver of economic growth, creating prosperity and innovation in communities throughout Washington state.
The 蘑菇视频 continues to be one of the best public investments Washington can make for its economy, its people and its future, providing world-renowned education and research programs at the Bothell, Seattle and Tacoma campuses, as well as across the state through 蘑菇视频 Medicine and the WWAMI five-state medical education program.
Key findings
蘑菇视频 Economic Impact Study overview
In February 2024, the 蘑菇视频 engaged Parker Strategy Group to measure the economic contribution of the University's operations across the state of Washington, in the Puget Sound region and throughout the United States. There are many ways to showcase the University鈥檚 impact; this analysis is one.聽
- Study period: Fiscal year 2023
- Data sources:鈥疶he 蘑菇视频, 蘑菇视频 Medicine, 蘑菇视频 Research
- Study geography:鈥疶he Seattle-Tacoma-Bothell Metropolitan Statistical Area, the Puget Sound鈥痳egion, Washington鈥痵tate, and the United States
- Methodology:鈥� IMPLAN data and software; the IMPLAN database is built using ZIP code, county, state and federal economic data that are specialized by region 鈥� not estimated from national averages 鈥� to measure the impact of an organization鈥檚 economic activity
The 蘑菇视频鈥檚 economic impact includes the following elements:
- Capital expenditures, operational expenditures, salary and benefits, and state and regional business volumes
- The direct and indirect employment impacts of the University
- The local and state tax revenue impacts
- Additional impacts鈥痮n鈥痶he state economy, including alumni, athletics, charitable giving and volunteerism
Based on the study’s findings, for every $1 in state appropriations, the 蘑菇视频 generates $28.46 in economic impact in Washington state’s economy.
From the president
鈥淭he 蘑菇视频 serves the people and communities throughout Washington in countless ways 鈥� creating opportunity for students, training vital health care providers and other professionals, and advancing research and innovation in partnership with communities and industry. As this report makes clear, the 蘑菇视频 is making an impact that betters our state鈥檚 economy and the health and lives of everyone we serve, and we are proud to contribute to making Washington thrive.鈥�
Ana Mari Cauce
President, 蘑菇视频
From community leaders
鈥淭hese numbers clearly demonstrate the 蘑菇视频鈥檚 role as a powerhouse of innovation and economic growth for our state. By driving job creation, research breakthroughs and community development as well as educating tomorrow鈥檚 leaders, the 蘑菇视频 delivers on its public mission for all Washingtonians. This incredible contribution underscores the vital role public research universities play in building a thriving, dynamic economy.鈥�
鈥淔rom driving next-generation scientific breakthroughs to providing expert medical care for patients to educating the workforce of tomorrow, the 蘑菇视频鈥檚 tremendous impact has a positive ripple effect on the lives of people everywhere in Washington. This report demonstrates both the breadth and depth of impact the 蘑菇视频 contributes to Washington state鈥檚 thriving innovation economy.鈥�
鈥淚 am heartened to see how the 蘑菇视频 continues to drive incredible impact and opportunity for all Washingtonians. The numbers in this report represent the stories of community members across our state who are touched by the 蘑菇视频鈥檚 great work, be it through the expert medical care they provide patients, the research and innovations they foster, or the educational opportunities they provide students.鈥�
鈥淚 definitely see [the 蘑菇视频's] impact growing and expanding. They鈥檝e built out and continue to build out their health system across the state, and they have great partnerships with dental and medical programs. Under Ana Mari Cauce鈥檚 tenure, there鈥檚 been a real desire for partnership and growth.鈥�
鈥淭he 蘑菇视频 serves as a pillar of the Puget Sound region鈥檚 economy 鈥� by preparing our workforce for top jobs at globally competitive hometown companies; by providing a community for the brightest minds to research, innovate, and solve our most-pressing issues; and by elevating Seattle on the world鈥檚 stage 鈥� from national championship Husky football to 鈥淭he Boys in the Boat.鈥� We are beyond fortunate to have the 蘑菇视频 call Seattle home.鈥�
鈥淎 powerhouse of research and innovation, the 蘑菇视频 is an asset that draws global interest and investment to our region. The 蘑菇视频 attracts curious thinkers and talented innovators searching for bold solutions to the grand challenges of our time. In partnership with industry and government agencies, the 蘑菇视频 is driving the pace of discovery and implementation to deliver incredible impact locally, across the state and around the globe.鈥�