Kent State's $3.4-Billion Impact | Government & Community Relations | Kent State University
Kent State's $3.4 Billion Impact

Economic Study Details University’s Vital Role in Regional Economy and High Value of a Kent State Education

You will find Kent State University driving the region’s economy in nearly every sector of industry. From FedEx to Medical Mutual to Sherwin-Williams and the Cleveland Indians, our graduates are making dynamic impact and shaping lasting contributions across Northeast Ohio.  

5300 Jobs Supported by the University

Every day, Kent State and its graduates – including more than 157,000 alumni in Ohio's workforce – are improving the quality of life for this region, and in the process, they are churning billions annually into the economy.

Those are the findings of a newly released report by EY (formerly known as Ernst & Young), outlining results of a comprehensive, independent study of Kent State’s economic and fiscal contributions to local communities, the Northeast Ohio region and the state of Ohio.

The study shows that Kent State is a powerful economic engine, directly contributing more than $1 billion annually to the Northeast Ohio region’s prosperity. When coupled with the earnings of the Kent State alumni living in Northeast Ohio, and throughout Ohio, the university’s annual economic impact on the region soars to nearly $3.4 billion and more than $3.8 billion statewide.

The results of this independent report show that Kent State University not only transforms the lives of our students, but also elevates the quality of life across the entire Northeast Ohio region.
– President Beverly J. Warren

60 Million in State and Local Income Taxes

“The results of this independent report show that Kent State University not only transforms the lives of our students, but also elevates the quality of life across the entire Northeast Ohio region,” said Kent State President Beverly J. Warren. “We know that Kent State has been a thought leader for the region since its founding in 1910, and now this study clearly shows that our economic impact is equally profound.”

Nearly half of nurses in Northeast Ohio who tirelessly work to keep our communities healthy are graduates of Kent State. More than 700 licensed teachers who dedicate their lives to educating our youth are proud KSU alumni. In fact, thousands of pilots, podiatrists, journalists, architects, business leaders, researchers, artists, marketers and many other professionals are investing their skills and talents – earned through a Kent State degree – to improve lives and better our region.

The study examined five components of the university’s fiscal and economic contributions for Fiscal Year 2017 across 18 counties in Northeast Ohio: operations, capital investments, visitor spending, student spending and alumni earnings.

Kent State Alumni Earned $2.4 Billion More With Their Degree

When looking at Kent State’s direct, indirect and induced economic contributions, EY reported that in Fiscal Year 2017 Kent State contributed:

  • Approximately 11,800 jobs to the region’s economy, including its 6,500 employees and 5,300 others in jobs supported by the university, its capital projects or the spending of its students and visitors.
  • More than $550 million of income from those jobs.
  • Nearly $1.1 billion of economic output for the region generated by that income.
  • More than $60 million in state and local taxes paid, including income and sales taxes.

The transformational power of Kent State, according to the EY report, has its most significant impact on the future earnings of KSU graduates living in Northeast Ohio. Of the university’s 245,000 alumni worldwide, 157,000 are in Ohio's workforce, while more than 132,000 of those alumni live in the 18-county Northeast Ohio region examined in the report.

In 2017, Kent State alumni in those 18 counties earned $2.4 billion more than they would have without their degrees, EY determined. More than $930 million of that added wealth rests in Portage and Cuyahoga counties.

In 2017, Kent State alumni in those 18 counties earned $2.4 billion more than they would have without their degrees, EY determined. More than $930 million of that added wealth rests in Portage and Cuyahoga counties.

“We know that Kent State alumni are primed for successful careers when they graduate. The fact that so many decide to remain in the region to pursue their passions only elevates the importance of Kent State as an educational and economic anchor for Northeast Ohio,” President Warren said.

Kent State's Impact is Felt in Every County with a Regional Campus

Impact in Northeast Ohio is particularly significant in counties where Kent State has Regional Campuses. In those counties, the university’s economic impact, including additional alumni earnings, is as follows:

  • Ashtabula County: $92 million
  • Columbiana County:  $106 million
  • Geauga County: $185.8 million
  • Stark County: $381.7 million
  • Trumbull County: $122.7 million
  • Tuscarawas County: $61.7 million

"This report shows that through the impressive achievements and contributions of our stellar faculty, staff, students and alumni, we are performing beyond expectations as an engaged partner that meets the needs of the community and enhances the quality of life in the region and state," President Warren said.

Read the Economic Impact Report