Study estimates North Dakota higher ed system had $5.5B economic impact in 2019
The report, published by the agribusiness and applied economics department at NDSU, found that the system had a $5.5 billion economic impact, including direct and secondary expenditures. 12:00 pm, Jan. 17, 2021 ×
This table gives the North Dakota University System economic impact over recent years. Graphic provided by North Dakota University System
BISMARCK A new report from North Dakota State University has found that the state s higher ed system has had a more than $5 billion economic impact on North Dakota during the 2019 fiscal year.
The report, published by the agribusiness and applied economics department at NDSU, found that the system had a $5.5 billion economic impact, including direct and secondary expenditures.
The economic impact of the North Dakota University System (NDUS) on the state has risen to an estimated $5.5 billion for Fiscal Year 2019, according to a recent report by North Dakota State University s Department of Agribusiness and Applied Economics. The economic impacts include both direct and secondary expenditures.
“As the report illustrates, higher education is vital to North Dakota’s economy,” said NDUS Chancellor Mark Hagerott. “Higher education invests in people and the overall growth of knowledge for young people and adult learners. Higher education directly influences these learners as well as the workplaces that hire these workers. Our goal is to always work toward the betterment of the entire state.”