$12.5 Billion and Growing: The UW’s Economic Impact on Washington State
A RECENT REPORT FROM TRIPP UMBACH reveals that the University of Washington continues to be one of the largest economic drivers of our region. The study finds that the UW’s annual economic impact is now $12.5 billion, up from $9.1 billion just five years ago.
According to the study, the UW is the third-largest non-federal employer in the state, and supports nearly 80,000 jobs in Washington. In tax revenue alone, the UW returns $565.7 million to state and local governments.
As a flagship research university, UW has long been known for its function as an innovation hub. The culture of giving and community-building may be less well- known. The study found that UW students and staff contributed 465,000 volunteer hours on an annual basis, and contributed more than $149 million to local charitable organizations. UW Medicine also provided more than $276 million in charitable care to Washington residents.
To see the full report, click here.