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November 9, 2006

Report details Pitt's economic impact

Pitt recently released its 2006 Economic Impact Report, which shows that Pitt annually generates $1.5 billion in total University-related spending and contributes $117.4 million to the community coffers through sales, wages and real estate taxes.

Other findings in the report include that the University generates:

• $1.1 billion in personal income from 32,000 Pitt-sponsored jobs;

• $115.7 million average annual investment in construction from FY 2003 through FY 2005 — generating 1,100 jobs in construction and related industries;

• $78 million in direct and induced expenditures associated with people visiting Pitt;

• $5.1 billion in earnings by more than 70,800 Pitt alumni residing in Allegheny County, and

• $603 million in sponsored research, creating 17,100 jobs.

Pitt also released its 2006 Community Impact Report. Included in this report were the School of Education’s work with local school districts’ administrators, teachers and regional supporters to develop and sustain student achievement; the Pitt Arts program, which introduces more than 30,000 students annually to the performing and visual arts, and the University’s numerous community outreach programs, including the Community Outreach Partnership Center, the Pitt Volunteer Pool and, more recently, America on the Move in Pittsburgh, a Pitt-coordinated, community-wide initiative to improve the health of individuals in the region.

“These reports illustrate the economic and societal value provided by the University,” said Renny Clark, vice chancellor for community initiatives and chief of staff in the Office of the Chancellor.

The Office of Public Affairs biennially publishes the reports in collaboration with the Office of the Chancellor.

To obtain a copy, contact Sherry Shrum at 412/624-4392 or shrum@pitt.edu.

Filed under: Feature,Volume 39 Issue 6

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