ST. CLOUD TIMES — St. Cloud’s two public colleges have an economic impact of over $875 million and support over 7,100 combined jobs for the 2016-17 academic year as part of the 30 colleges and universities that make up the Minnesota State system.
According to a study by Parker Philips, a consulting firm specializing in economic impact analysis, all 30 colleges and universities in the system have a combined $8 billion infusion on the state’s economy.
The study found St. Cloud State University generated about $686.5 million in economic impact that year. The university generated about $38.5 million in state and local revenue and supported and sustained 5,515 jobs.
