IMPACT SMSU’s impact on the regional economy is estimated at $286.5 million, according to a study commissioned by the Minnesota State system in 2023. This includes a direct impact of $86.3 million and an indirect impact of $86.8 million. The University supports and sustains 2,248 jobs each year—1,614 direct and 634 indirect. SMSU employs 413 people. An estimated $4,265,823 in charitable donations and volunteer activities are generated annually by SMSU faculty, staff, and students. This includes donations of $538,755 and the equivalent of $3.7 million in volunteer time. Approximately, 9,080 alumni live and work in Minnesota, generating $424.5 million in economic impact, and sustaining 2,309 jobs. Over their 40-year careers, SMSU alumni will generate roughly $17 billion to the economy. SMSU, our suppliers, students, and visitors generate $23.4 million in combined impact on the local and state tax revenue. This includes a direct impact of $15.9 million and an indirect impact of $7.5 million.
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