To request a full copy of the report, please email ucm@tulane.edu.
This report delves into four categories showcasing Tulane University's economic impact:
Annual Operations: Tulane’s operations support thousands of students and local employees. The money spent on their needs directly benefits the surrounding community economically.
- Capital Investments: Investments in construction, renovation, and major spending not only improve the campus but also boost the local economy by creating jobs and increasing business activity.
- Event and Activity Spending by Students and Visitors: Visitors' spending during athletic events, performances, speakers, alumni reunions, and family celebrations brings significant economic benefits to the area.
- Alumni Wage Premium: A Tulane degree enhances graduates' earning potential, increasing tax revenue for New Orleans and Louisiana.
The economic impact is evaluated across three geographies:
- New Orleans: Direct activity within Tulane's campus and its immediate economic ripple effects within the city.
- New Orleans-Metairie Metropolitan Statistical Area (MSA): Tulane's economic contribution across interconnected parishes, reflecting its wider regional influence.
- State of Louisiana: The institution's impact on the entire state, highlighting its significance.
The sources of economic impact are separated into four areas: the Uptown campus, Downtown campus, Primate Center, and the Hospital System (East Jefferson, Lakeside, and Lakeview hospitals). The report includes hospital expenditures outside Tulane’s normal operating budget due to the partnership with the New Orleans non-profit health system LCMC. This partnership justifies including hospital spending as part of Tulane’s total economic impact.
In summary, this report highlights the comprehensive economic footprint of Tulane University, demonstrating its substantial impact on New Orleans, the broader metropolitan area, and the state of Louisiana.
