A study released this week suggests the University of Rhode Island generates nearly $2 billion a year in economic impact for the state.
The state’s flagship university generates almost 18,000 jobs and produces over $135 million in tax revenue, according to the report.
The university paid consulting firm Tripp Umbach to conduct the study, which breaks the economic drivers into direct and indirect buckets of impact. For example, the study says URI generates $539.9 million in direct economic impact and $1.46 billion in indirect impact; it creates 5,300 jobs directly and supports the creation of more than 12,400 jobs indirectly.
Driven by research, workforce development, and government and community partnerships, the study shows URI is one of the state’s primary economic drivers. President Marc Parlange joined Ocean State Media morning host Luis…
