UNLV generated $1.46 billion in economic activity in Southern Nevada in 2011, according to a new report by the university’s Center for Business and Economic Research (CBER).
CBER analyzed university employment statistics and expenditures by employees, students and visitors to calculate a direct impact of $913 million last year. Accounting for multiplier effects – additional spending by students, staff and visitors in the marketplace as a result of the direct expenditures – the total impact by UNLV to Nevada’s economy was well over $1 billion.
“UNLV is a fundamental part of Nevada’s economy,” said CBER associate director and report author Constant Tra. “As the only major university in a rapidly diversifying economy, UNLV will no doubt contribute to the region’s future well-being and offer resources to help the community reach its potential.”
The university, through payroll and use of goods and services, generated close to $320 million in 2011, while student expenditures accounted for $228 million. Spending by visitors to university events last year at Cox Pavilion, Sam Boyd Stadium and the Thomas & Mack Center added more than $365 million to the Southern Nevada economy.
UNLV is one of the ten largest employers in Clark County with more than 2,800 faculty and staff and has a current enrollment of more than 27,000 students. For every dollar invested by the state in UNLV, the university generates $8.60 in economic activity locally.
A full report is available upon request.
UNLV is a doctoral-degree-granting institution of more than 27,000 students and 2,900 faculty and staff. Founded in 1957, the university offers more than 220 undergraduate, master's and doctoral degree programs. UNLV is located on a 332-acre campus in dynamic Southern Nevada and is classified in the category of Research Universities (high research activity) by the Carnegie Foundation for the Advancement of Teaching.