Louisiana College is among the 10 regionally accredited nonprofit private colleges and universities that generate significant economic impact through more than 27,000 jobs and $2.6 billion.
According to a study commissioned the Louisiana Association of Independent Colleges and Universities (LAICU), Louisiana College and others provide accessible top-quality education for the people of Louisiana and attract new talent to the state.
“This is another reminder of the exponential impact that Louisiana College makes that goes beyond economics and the top-quality education that LAICU cited in a recent press release,” said Rick Brewer, president of Louisiana College.
“As an institution built upon a biblical worldview, Louisiana College is making a spiritual impact on and off the campus,” Brewer added. “Whether serving at the CENLA Food Bank or the Manna House, or ministering in a local church, or responding to the Gospel as presented in Chapel or the classroom, God is blessing our efforts that render eternal impact and help our students and community flourish in meaningful ways.”
Relying on data from the 2016 (2015-2016) fiscal year, the economic impact study commissioned by LAICU revealed Louisiana College generates $34,749,751 in newly produced goods and services, $13,248,736 in new household income, and supports 385 private sector jobs in the Alexandria/Pineville metro area.
The total impact of the 10 LAICU member institution show they generate a total of approximately $2.64 billion in annual economic activity, along with approximately $936 million in household earnings, andare responsible for a total of more than 27,100 private sector jobs.
Additional substantial economic impacts are: household earnings by alumnae and alumni; economies of scale relative to the provision of higher education to the people of the state of Louisiana; external research investments these schools attract and the commercialization of research generated by these colleges and universities; and, the de facto incentives these colleges and universities provide to corporate recruitment and retention for the region because of their presence, strong educational output, and talent/workforce development Louisiana.
LAICU is a statewide nonprofit association which represents Louisiana’s 10 regionally accredited nonprofit private colleges and universities: Centenary College, Dillard University, Franciscan Missionaries of Our Lady University, Louisiana College, Loyola University New Orleans, New Orleans Baptist Theological Seminary, Saint Joseph Seminary College, Tulane University, University of Holy Cross, and Xavier University of Louisiana.
Serving more than 26,000 students, LAICU colleges and universities provide tremendous return on investment in education, community development, skilled workforce creation, research, economic growth, and upward mobility for the people of Louisiana.
Information for this new article is drawn from a December 13, 2018 LAICU press release.
To learn more about nonprofit private higher education in Louisiana, visit www.LAICU.org.
Louisiana College exists to Prepare Graduates & Transform Lives and is accredited by the Southern Association of Colleges and Schools Commission on Colleges.