Universities Are Stable Economic Engines

A new study evaluates the economic impact of Boston's eight research universities on the Metropolitan Boston area.

March 11, 2003, 10:00 AM PST

By Chris Steins @urbaninsight


Greater Boston's eight research universities play a key role in the region's economic recovery by continuing to expand knowledge and technology that creates new industries and jobs, according to a new study. "Engines of Economic Growth" is a detailed report on the economic and social impact in 2000 and 2002 of Boston College, Boston University, Brandeis University, Harvard University, Massachusetts Institute of Technology, Northeastern University, Tufts University and University of Massachusetts Boston. In the year 2000, the study found that the eight universities provided a $7.4 billion boost to the regional economy, and employ 48,750 university employees and 37,000 other workers in the region.

Thanks to Jim Barrows

Tuesday, March 11, 2003 in AICUM

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