A study by the Economics & Policy Research Group at the E. J. Ourso College of Business has determined LSU’s economic impact on St. Landry Parish to be $30,303,535.
The study, released in February, is the first to calculate the collective economic impact of all eight LSU campuses – LSU, the LSU AgCenter, Pennington Biomedical Research Center, LSU-Alexandria, LSU-Eunice, LSU-Shreveport, and the LSU Health Sciences Centers in Shreveport and New Orleans – at the parish level. Statewide, LSU has an impact of $5.1 billion.
“This study demonstrates that LSU is found in every parish of our state, helping to solve the biggest challenges we face in Louisiana,” said LSU President F. King Alexander. “Through education and research, we are creating the economy of tomorrow by improving today’s quality of life.”
The study excludes the fiscal impact of LSU’s athletics and a number of other 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.
