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.
Utilizing a virtual platform, The Alabama Entrepreneurship Institute (AEI) was a partner in a specialized version of the state-wide AL Launchpad program with a focus on responding to the COVID-19 crisis.
The Alabama International Trade Center at UA provided export assistance to 1,288 companies in 60 counties for a statewide impact of $37.2 million in capital to support export sales of Alabama products .
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.
The Alabama Industrial Assessment Center (AIAC) completed 17 comprehensive energy audits for manufacturers across Alabama and offered 100 recommendations for potential cost savings of over $4.8 million.
The Alabama Productivity Center (APC) completed 125 projects with 60 Alabama organizations to produce $11.4 million in positive impacts, including increased sales, retained sales, cost savings, workforce practice investments creation and retention of jobs.
In FY 2019, UA’s Business Outreach Centers tracked the outcomes and impact of their technical assistance services with its small business customers. The results included 205 new business start-ups; 4,158 jobs created; $217.4 million of capital infusion; $132.2 million in prime contract awards; and $3.3 million in subcontract awards.
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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