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GVSU's 2023-24 study shows $3B economic impact, 116K jobs, and $369M in taxes, with $31 return per $1 state funding.
Grand Valley State University's new study reveals it generated $3 billion in annual economic impact in Michigan during 2023-24, supporting over 116,000 jobs and generating $369 million in tax revenue.
The report, led by the Seidman College of Business, shows a $31 return for every $1 in state funding, with alumni earnings contributing $7.8 billion annually.
GVSU leaders are urging lawmakers to increase state funding, noting the university receives less per student than state averages and peer institutions, despite its significant economic contributions.
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El estudio 2023-24 de GVSU muestra un impacto económico de $ 3B, 116K empleos y $ 369M en impuestos, con un retorno de $ 31 por cada $ 1 de financiamiento estatal.