LSU's Economic Impact Report and Impact by Parish is Now Available

LSU’s economic impact on Louisiana estimated at $5.1 billion and 41,006 jobs

02/16/2018
BATON ROUGE – In February, LSU President F. King Alexander toured the state presenting “LSU 2025: Challenge Accepted | LSU’s Role in Addressing the Biggest Problems Facing Our State – And Our Nation” to demonstrate LSU’s collective ability to address the issues facing Louisiana through research, education and intellectual capital. During his stops at each LSU campus, Alexander highlighted the results of LSU’s newest economic impact study, which was compiled by the Economics & Policy Research Group at the E. J. Ourso College of Business.

The full economic impact report, along with LSU’s economic impact by parish, is now available online.

“LSU is truly a game-changer for the state. Through research, education and outreach, we are able to solve the greatest challenges facing Louisiana while boosting our state’s economy,” Alexander said. “We are among the 1 percent of universities able to claim the designation of land-, sea-, and space-grant institution, and that unique combination not only brings a tremendous amount of research grants to our state, but also attracts outside business and out-of-state students while simultaneously helping Louisiana retain its most talented citizens.”

The study excludes the fiscal impact of LSU’s athletics and excludes a number of factors that would ostensibly increase the university’s economic impact, including the role of college graduates and faculty as job creators, the role of the university in bringing in outside talent and business, and the collective increased lifetime earnings of all LSU graduates (not just the class of 2016).

 

STATE OVERVIEW
During the 2017 fiscal year, LSU was responsible for $5.1 billion in economic impact to the state, which is effectively $1,097 per Louisiana citizen.

LSU also is directly responsible for 41,006 jobs, a total of 20,366 of which are directly attributable to the university. All told, the entire LSU entity supports 2.6 percent of all Louisiana jobs.

Collectively, 2016 LSU graduates will enjoy increased earnings totaling $8.6 billion.

The Flagship
The total economic impact of Louisiana’s flagship university comes to $2.7 billion in total economic impact, $814.9 million in total earnings and 18,769 total jobs (7,081 of which are direct employment).

When examining the Flagship’s 2016 graduating class, those individuals will benefit from a combined total of $5.8 billion in increased lifetime earnings from their LSU degrees. 

LSU AgCenter
The LSU AgCenter generates $229.1 million in total economic impact, $100.2 million in total earnings and 2,061 total jobs (1,151 of which are direct).

Pennington Biomedical Research Center
The Pennington Biomedical Research Center, or PBRC, contributes $106.3 million in total economic impact, $42.3 million in total earnings and 779 total jobs (467 of which are direct employment).

LSU Health Sciences Center Shreveport
LSU Health Sciences Center Shreveport contributes $595.4 million in total economic impact, $310.2 million in total earnings and 4,608 total jobs (2,443 of which are direct employment).

LSU Health Sciences Center Shreveport 2016 graduates will enjoy increased lifetime earnings of $412 million combined.

LSU Shreveport
LSUS contributes $87.5 million in total economic impact, $30.4 million in total earnings and 807 total jobs (436 of which are direct employment).

LSUS 2016 graduates will enjoy increased lifetime earnings of $884 million combined.

LSU Health Sciences Center New Orleans
LSU Health Sciences Center in New Orleans contributes $1 billion in total economic impact, $562.1 million in total earnings and 12,688 jobs (8,311 of which are direct employment).

LSU Health Sciences Center New Orleans 2016 graduates will enjoy increased lifetime earnings of $1.2 billion combined.

LSU Alexandria
LSUA contributes $84.4 million in total economic impact, $21.1 million in total earnings and more than 639 total jobs (235 of which are direct employment).

LSUA 2016 graduates will enjoy increased lifetime earnings of $289 million combined.

LSU Eunice
LSUE contributes $104.3 million in total economic impact, $22.2 million in total earnings and 655 total jobs (182 of which are direct employment).

LSUE 2016 graduates will enjoy increased lifetime earnings of $82 million combined.

 

Related Links:
The Economic Impact of LSU on Louisiana

LSU Economic Impact by Parish

 

 

Contact Ernie Ballard
LSU Media Relations              
225-578-5685
eballa1@lsu.edu  

or

Ashley Berthelot-Arceneaux
Office of the President
225-578-0971 
ash@lsu.edu