The University of Alabama has achieved unprecedented economic milestones during the 2023-2024 academic year, reinforcing its role as a major contributor to both state and regional economies. A recent analysis by the Center for Business and Economic Research at UA’s Culverhouse College of Business reveals that the institution generated $3.4 billion in economic impact statewide and $2.354 billion within the Tuscaloosa metropolitan area—both figures representing all-time highs. n nThis level of financial contribution underscores the university’s growing influence beyond education, serving as a catalyst for job creation, local investment, and community development. The findings highlight how public universities can act as engines of economic growth, particularly in regions where higher education institutions are central to workforce development and innovation. n nFor additional details, contact Alex House at alex.house@ua.edu. n
— News Original —nUA’s Economic Impact Sets Records n nThe University of Alabama continues to be an economic driver for the state as its flagship university set record high economic and fiscal impacts for the 2023-2024 academic year. n nWhy This Matters: According to latest UA economic impact report conducted by the Center for Business and Economic Research in the UA Culverhouse College of Business, the University’s $3.4 billion economic impact on the state and $2.354 billion impact on the Tuscaloosa metro area economy are record highs. n nFor more information, contact Alex House at alex.house@ua.edu.