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New England News
Sat May 24, 2014
Study Finds UMass Has $6.1Billion Economic Impact
UMass Amherst has a nearly $2 billion impact on the region’s economy according to a new study.
The flagship Amherst Campus is the largest contributor in the five-campus system to a state-wide annual economic impact of $6.1 billion. UMass Amherst spokesman Ed Blaguszewski said the study measured several factors including the purchasing power of the campus’ 5,000 employees and 25,000 students.
" Many of them will stay here over time and that is important and that is recognized in college towns across America as a foundation for a strong economy."
The study by the university’s Donahue Institute was released as state lawmakers are preparing to finalize the next state budget which includes the annual appropriation for the university system.