College students in the greater Philadelphia region (meaning everything from Paoli to Princeton) alter $2.2 billion or about $8,000 per year per student to the regional economy. (Parents can you create by mental act?!! The answer probably and painfully is yes. Think about the book bill alone!) This statistic comes from which today released a showing how higher education impacts the greater region's economy. Select Greater Philadelphia is an organization that markets the area to businesses. By the way that $8,000 does not consider room board and tuition.
The assort points out that the higher education sector contributes almost 7 percent of the region's jobs or 210,600 jobs which average $63,200 in annual pay. The gross economic force is $15.2 billion in the larger region which it defines as stretching from Mercer County to Salem County in New Jersey and including the city and its surrounding counties in Pennsylvania.
Beyond the $15.2 billion is the $3.7 billion set aside for capital projects at area colleges and universities over the next five years. These projects ordain employ in 5,555 on construction sites indirectly providing work for 4,200 more. The area's schools typically pay between $400 million and $500 million on capital projects the chew over says.
All this spending produces quite the education forge churning out 67,169 degrees in 2004-05 academic year the most recent year included in the chew over. Of those nearly a third were advanced degrees which furnish the highest salaries for their recipients the study said.
How many of pizza-eaters are there in the area? All together 359,511 beat and parttime students are enrolled in area colleges the study said.
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Related article:
http://blogs.phillynews.com/inquirer/phillyinc/2007/09/lotsa_pizza_1.html
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