Study: UMass has $6.1 billion impact on state's economy - CBS 3 Springfield - WSHM

Study: UMass has $6.1 billion impact on state's economy

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AMHERST, MA (WSHM) -

According to a study from the UMass Donahue Institute, the University of Massachusetts has a $6.1 billion economic impact statewide.

They said that nearly one-third of that comes from Western Massachusetts and the flagship campus in Amherst.

"The state invests in us because the UMass system and UMass Amherst are viewed as good investments," said UMass spokesperson Ed Blaguszewski.

The study showed that the Amherst campus created nearly $2 billion of impact, which officials say is an impressive number.

That is due to the state investing $241 million in the campus.

"That's an eight-fold return on investment when you look at it, so we're pleased to be partners with the state," said Blaguszewski.

The university said that number is not just from students spending their money in and around town.

In all, the study said the university is responsible for 9,000 jobs, which is the most for any UMass campus.

Officials said it involves more than just administration and teaching.

"There is construction, investing in new facilities and renovations," Blaguszewski stated. "Much of that is from the state, but that is also from us securing grants."

The university said those improvements have led to a rise in popularity.

"Students want to come here," said Blaguszewski. "We had a record number of applications for this upcoming class. We're garnering major research dollars. We've got to work hard to achieve those results."

Blaguszewski believes it is those results that will continue to raise the university's profile in years to come.

"We need to do our job," said Blaguszewski. "It's a community effort. It's a great research institution and if we do our work well, we'll continue to get that investment and earn the respect and provide the benefits to the community."

The last economic impact study by the Donahue Institute on UMass was done in 2010.

The new study showed a 25 percent increase in just three years.

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