Morgan State University’s Economic Impact Expands

Press release from Morgan State University:

Jan. 25, 2021

Morgan State University President David K. Wilson announced today the results of an independent analysis of impact indicators and fiscal contributions affirming that Morgan remains a key economic driver in the region, generating $1.1 billion in annual financial impact on Maryland and $640 million within Baltimore City. The new findings reveal an 11.1% increase in statewide impact and an 11.5% increase in citywide impact since the University’s last commissioned study in 2018. The FY21 study, conducted by Econsult Solutions, Inc. (ESI), a national economic consulting firm, also found that Morgan is responsible for supporting 6,900 jobs statewide, nearly 4,200 within the City, accounting for $558 million in Maryland wages and $188 million in Baltimore.

As with Morgan’s previous ESI-produced economic impact report, the methodology of this study and its findings focused on an in-depth examination of seven key areas: operations, capital investments, student and visitor spending, wage premium, commitment to community, innovation and economic opportunities to diverse populations, local and statewide.

“The findings of this latest Economic Impact Update Report validate what we here at Morgan know all too well, that our university is, without question, unrivaled in its ability to impact lives, transform communities and spur economic progress that elevates not only the individual but our society as a whole,” said President David Wilson. “We look forward to continuing to uphold our mission by producing results that make a difference, while offering tangible and measurable return on the investment that has been made into Morgan.”

This press release was produced by Morgan State University. The views expressed here are the author's own.