University of Arkansas Reveals $3 Billion Economic Impact

The University of Arkansas has reported a significant increase in its economic impact on the state, now contributing $3 billion annually, up from $2.2 billion in 2018. This 36.36% rise is attributed to factors such as record enrollment, student spending of $569.4 million, and visitor spending at campus events, which accounted for $262.2 million. The university supports approximately 19,000 jobs in Arkansas and generates substantial tax revenue, with over $126 million in state and local taxes from its operations. University leaders emphasize their commitment to the entire state of Arkansas, aligning with their land grant mission. Ongoing investments in applied research and workforce development are expected to further enhance their economic contributions. The full report detailing these findings will be available online soon.