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Saint Francis University Has $128.9 Million Impact on PA Economy

November 5, 2019 Tags: University News

SFU has $128.9 million 1274 jobs economic impact

Career and Community Focused Programs Make SFU’s Economic Impact Lasting

Saint Francis University is one of the 90+ independent nonprofit colleges and universities in Pennsylvania that generated a combined $24 billion to the state’s economy and supported nearly 200,000 jobs in the state.

The Association of Independent Colleges and Universities of Pennsylvania (AICUP) has released the results of a study that estimates the economic impact of Saint Francis University on the Pennsylvania economy to be $128.9 million and 1,274 jobs with $6.4 million in state and local tax revenues. The study was commissioned by AICUP and was conducted by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis.

The results of the study explain how the University contributes daily to the state and local economies through direct, indirect, and induced employment and spending. However, Saint Francis University likes to think of its commitment to the state beyond its daily economic impact through staff, faculty, and local business. One of the University’s greatest impacts is made through growing leaders who will join Pennsylvania’s workforce as nurses, engineers, small business owners and more.

Career-directed programming through a liberal arts platform is a key component of the educational foundation at Saint Francis. 99% of SFU graduates are employed or attending graduate school within 9 months of graduation, 54% of whom remain in Pennsylvania. Programs incorporate traditional skill building for job preparation such as résumé creation, networking events, and job search guidance. But, what sets Saint Francis apart is an emphasis on character development through leadership opportunities and community engagement and service initiatives that are incorporated into the curricular experiences.

One of the great focuses of a Saint Francis University education is: Rural Matters. As a rural university, Saint Francis has the opportunity to do research and outreach around issues that affect small and rural communities, especially in the areas of healthcare, small business, and the environment. With over ten research and outreach centers, Saint Francis University is a source for education and support for the greater community, promoting Pennsylvania’s rural economy which suffers from unique challenges as compared to its urban neighbors.

While Saint Francis University is pleased to contribute to Pennsylvania in the ways outlined in this study, it is even more proud to be fostering the development of students who will contribute back to Pennsylvania and their local communities for years to come.

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