ERIC Number: ED116528
Record Type: Non-Journal
Publication Date: 1975-Jun
Reference Count: N/A
Economic Impact of Higher Education in North Dakota. North Dakota Economic Studies, No. 10.
Dobesh, Larry J.; Henry, Mark S.
Besides their primary mission of providing education to the students of North Dakota, the 11 colleges and universities in the state represent an important "industry" which generates substantial income to the businesses and people of the state. Total college-related spending in North Dakota was $76 million during the 1973-1974 school year. This included purchasing supplies, materials, equipment, buildings and services, spending by faculty, staff, students, and visitors. The state appropriated about $36 million in support of higher education during the same period. Thus, for each $1 the state contributed to higher education, the colleges and universities returned $2.10 to the economy of North Dakota. Although limited, the Financial analysis data indicates that college related sources are an important source of credit in the state. Time and demand deposits have expanded the credit base in commercial banks as well as savings and loan associations and credit unions. (JMF)
Descriptors: Credit (Finance), Educational Economics, Educational Finance, Faculty, Financial Support, Fiscal Capacity, Higher Education, Income, Investment, Productivity, Property Taxes, School Support, State Colleges, State Universities, Students, Tax Allocation
Bureau of Business and Economic Research, College of Business and Public Administration, University of North Dakota, Grand Forks, North Dakota 58202
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: North Dakota Univ., Grand Forks. Bureau of Business and Economic Research.
Identifiers - Location: North Dakota