STUDY: Auburn University reports $6.3B economic impact in Alabama

Auburn University contributes more than $6.34 billion to the economy of Alabama, according to a new study.

Auburn’s direct & indirect impact

Since 1996, Auburn’s Division of University Outreach has conducted seven economic impact studies measuring the direct and indirect economic impact of the Auburn University System. 

The latest 2023 findings detail a 12% contribution increase by the university since the previous study that was released in 2021. Here are the results:

• $2.53 billion in direct economic impact
• $3.81 billion in indirect economic impact, includes the earning power of graduates who reside in the state
• 30,296 jobs — total of jobs the university is responsible for creating in addition to its own direct employment

“Auburn is hard at work for the state of Alabama and continues to be a critical economic engine for the state in building meaningful partnerships through impactful outreach, fostering innovation in the way of renowned research and fueling a talent pipeline of highly successful alumni.”

~ Auburn President Christopher B. Roberts

Study based on the entire Auburn University System

Researchers based the study on recent statistical and financial data from Auburn’s main campus, Auburn University at Montgomery, Auburn’s Research and Innovation Campus at the Huntsville Research Center, Auburn Research Park, Auburn University Urban and Rural Studios, the Alabama Agricultural Experiment Station and the Alabama Cooperative Extension System, which has offices in all 67 counties.

“Auburn University’s significant economic impact across the state not only speaks to the value Auburn University adds to the financial wellbeing of Alabama but even more so to the value our institution adds to the quality of life for Alabamians through education, research and outreach.”

~ Royrickers Cook, Vice President for University Outreach and Associate Provost

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