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Get the most interesting and important stories from the 麻豆传媒.The 麻豆传媒 made a $6.6 billion economic impact in Pennsylvania in fiscal year 2023, a 24% increase from FY 2021.
While impressive, the number is just one way to illustrate Pitt鈥檚 sustained efforts to fortify the state鈥檚 economic vitality through education, research and community engagement, said Kevin Washo, Pitt鈥檚 senior vice chancellor for university relations and Chancellor Joan Gabel鈥檚 chief of staff.
鈥淧itt鈥檚 economic footprint reflects our commitment to innovation, job creation and community partnership,鈥 Washo said. 鈥淲e鈥檙e proud to play such a vital role in the prosperity of our region and beyond.鈥
According to an independent analysis by Tripp Umbach, Pitt supported nearly 49,000 jobs across the commonwealth and generated $356.2 million in state and local taxes. In other words, Pitt supports 1 out of 130 jobs within Pennsylvania, and for every dollar received in appropriations, Pitt returned $43.42 in economic value to the state.
Highlights from the report include:
- $2.4 billion in economic impact from research activities, supporting more than 10,500 jobs.
- $553.9 million contributed through , including $32.6 million generated in state and local taxes, sustaining nearly 6,000 jobs.
- $5.4 billion is generated annually by spending, with 1 out of 31 employees in Pennsylvania being a Pitt graduate and nearly 60% of Pitt graduates residing in Pennsylvania.
Additionally, more than 5,671 members of the Pitt community 鈥 including 5,023 students and 648 staff 鈥 contributed over 84,000 volunteer hours, valued at $2.7 million. This contribution is in addition to the $6.6 billion annual impact.
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Photography by Aimee Obidzinski