Fayetteville State University is a valuable economic engine, generating substantial economic returns in the area, according to a new study.
The study, commissioned by the United Negro College Fund’s Frederick D. Patterson Research Institute, shows that the economic benefits of Historically Black Colleges and Universities extend beyond students.
Among the key findings, which are based on 2014 data, FSU generates $169 million in total economic impact for its local and regional economies, including direct spending by the university on faculty, employees and academic programs and operations. The study – HBCUs Make America Strong: the Positive Economic Impact of Historically Black Colleges and Universities – also found every dollar spent by FSU and its student population produces positive economic benefits of $1.25 in initial and subsequent spending for its local and regional economies.
The study is the first of its kind by setting forth benefits of HBCUs in detailed terms.
To see the complete report, visit https://uncf.org/programs/hbcu-impact.
— Amanda Dolasinski