ERIC Number: ED328158
Record Type: RIE
Publication Date: 1990-Oct
Reference Count: N/A
The Economic Impact of Liberty University on the Lynchburg Area.
Lai, T. H.
This study assessed the economic impact of Liberty University (Lynchburg, Virginia) on the local community in the fiscal year 1989-90, and updated a 1980-81 economic impact study. The study used a cash-flow model to measure economic impact on local businesses, local government, and local individuals. Over the 9-year period, total spending by the university and economic impact on the community increased by 300%. Local expenditures by the University, faculty, staff, students, and visitors were estimated to be $42.6 million. The net impact on local government changed from a negative to a positive amount; in 1989-90 local governments allocated $2.6 million to provide services but received taxes and other revenues of $3.0 million. The University employed 1,167 local faculty and staff, and an additional 997 local jobs were created due to University-related local expenditures. Personal income in the area rose by 306%. Appendices contain samples of questionnaires used, survey findings, and descriptions and calculations of the models used. (13 references) (JDD)
Publication Type: Reports - Evaluative; Tests/Questionnaires
Education Level: N/A
Authoring Institution: N/A
Identifiers: Liberty University VA