Statewide Economic Impact

Institutional Metrics

The University of Alabama (UA) had record economic and fiscal impacts on the State of Alabama for the 2018-2019 academic year, the third year of implementing UA’s strategic plan, Advancing the Flagship.

UA contributed $2.973 billion to the statewide economy
UA contributed 13,823 jobs to the state’s workforce
UA had a combined income and sales tax impact of $146.5 million ($45.3 million state sales tax, $44.5 million state income tax, and $56.7 million local sales tax).

ECONOMIC OUTREACH

During the 2018-2019 academic year, the University received $169.7 million in state appropriated funds. This translated into nearly $2.973 billion in impact or $17.51 of impact per dollar of appropriation. The state received a 12.5 percent annual rate of return on investment (ROI) for its appropriation.
Members of The University of Alabama’s 2018-2019 graduating class who remain in the state of Alabama will, over the course of their careers, pay $890.9 million more in state income and sales taxes than they would have without their UA education. An increase of $379.0 million in local sales taxes will accompany these additional state taxes.
UA made Forbes’ list of the Best Employers for New Graduates in 2021.
In FY 2021, the Alabama Productivity Center (APC) completed 112 projects with 26 Alabama organizations to produce $22.4 million in positive impacts. Impact dollars include increased and retained sales, cost savings, workforce practice investments, and creation/retention of jobs.
In FY 2020, sponsored research awards at UA reached more than $168.4 million, an increase of more than 27% over the previous year. In the last two fiscal years, sponsored awards to UA increased by 70%. .
With an average revenue of $26.2 million per home football game, the total statewide impact of seven home football season during the 2018 season was $183.7 million.
In 2018-19, international students at UA contributed $51.2 million to the local economy.
In FY 2021, the Alabama International Trade Center (AITC) at UA provided export assistance to 228 companies in 36 Alabama counties..
In FY 2021, AITC provided export assistance to small businesses that resulted in $7.1 million in new export sales of Alabama products to markets overseas.
In the 2018-2019 academic year, the University received $169.7 million in state appropriated funds. This translated into nearly $2.973 billion in impact or $17.51 of impact per dollar of appropriation. The state received a 12.5% annual rate of return on investment (ROI) for its appropriation.
In FY 2019, all of UA’s Economic Development assets had 35 externally sponsored research or service awards totaling $8,408,128.

Statewide Economic Impact

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