Colleges and Universities Here Have $9 Billion Economic Impact

Study Cites Construction, Student and Visitor Spending

Joe DeStio
September 21, 2018 - 3:27 pm

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PITTSBURGH (Newsradio 1020 KDKA) – Colleges and Universities in the Pittsburgh area contributed $9 billion to the region’s economy in 2017, according to a new study for the Pittsburgh Council on Higher Education. The dollar figure comes from things like construction projects, student and visitor spending, research dollars, federal financial aid, and contributions.

Another key benefit to the region according to Community College of Allegheny County President Dr. Quinton Bullock who heads the Pittsburgh Council on Higher Education is workforce development. “We all put forth to ensure that we are preparing a well-equipped and  trained work force that will support local future business and industries across the region,” according to Bullock.

Ten colleges and Universities compose the Pittsburgh Council on Higher Education. They employ 61,000 people and graduated 21,000 students last year. The survey showed they paid $27 million in city employee wage taxes and nearly $4 million in city parking taxes.

The study was conducted by Fourth Economy, a national economic development consulting firm.

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