BRADFORD â€“ The University of Pittsburgh at Bradford is more than the major provider of higher education in a six-county area.
A study shows that the college also boosts the economy.
The study indicates that Pitt-Bradford contributed $67.5 million to the regional economy in 2011.
Dr. Livingston Alexander, president of the college, said Wednesday that the study â€śconfirms our impact on the regionâ€™s economy.â€ť
He discussed the study and other issues Wednesday at a 100-minute forum with area media representatives at the Frame-Westerberg Commons on campus.
Dr. Sabina Deitrick prepared the 24-page economic impact study for Pitt-Bradford. She is the director of the Urban and Regional Analysis Program at the University of Pittsburgh. Christopher Briem and William Lafe assisted her with the report.
According to the study, Pitt-Bradford contributed $39.7 million in â€śdirect expendituresâ€ť to the region in 2011. Most of that total was spent in McKean County, the study shows.
Pitt-Bradford students contributed another $10 million to the economy through â€śdiscretionary spendingâ€ť and off-campus rentals. This total includes money spent on food and dining out.
The $67.5-million boost to the economy includes the â€śdirect expenditures,â€ť the student spending â€śplus the indirect and induced effects created from these expenditures,â€ť the study shows.
As Alexander pointed out, the college also has invested heavily in the community through several construction projects on the campus in Bradford.
See full article by purchasing the Aug. 23 edition of The Kane Republican.