A study released by Furman University’s Department of Economics reveals Furman’s annual economic impact in Greenville and surrounding counties is more than $297 million.
The study was conducted by Furman professor Jason Jones and recent Furman graduate Dyson Von Robinson.
Jones stated there are five channels from which Furman contributes to the economy of Greenville: spending money on services necessary for running the university, employees spending their salaries locally, university spending on resources for infrastructure and building, spending by students, and spending by visitors.
Furman provides 2,176 jobs in Greenville County, with an additional 57 jobs in nearby counties. The university also contributes $165.5 million to the gross regional product of Greenville County.
“It is important that Furman and the Upstate community have a beneficial and prosperous relationship, so it’s gratifying to see that we are contributing significantly to the economic well-being of the area,” Furman president Elizabeth Davis said in the press release. “Greenville is home, and Furman is proud to be an integral part of the community.”
To learn more, read the study on the Furman News website.