Study estimates $176M economic impact from Grove City College

A recent study found that Grove City College contributes more than $176 million annually to the state and local economy.

The report, conducted by Parker Strategy Group for the Association of Independent Colleges and Universities of Pennsylvania (AICUP), examined the college's direct, indirect, and induced economic effects. These include operational spending, expenditures by students and visitors, and the demand for goods and services from suppliers and vendors. The study also factored in household spending by employees and others whose livelihoods are tied to the college.

According to the findings, the college's economic activity amounts to an estimated $176,255,822 annual infusion into the state's economy.

The study also concluded that the college "supports and sustains" 808 jobs throughout Pennsylvania, which includes direct employment and positions created through suppliers and other related sectors. This economic activity generates an estimated $13.6 million in state and local tax revenues each year.

Jake Rickert, associate executive director of Penn-Northwest Development Corp., noted that the college is one of the largest employers in Mercer County. He said the institution supports local jobs, drives business for vendors, and generates tax revenue for schools and municipalities.

"Grove City College is a prime example of how higher education plays an integral role in the economy and future of rural communities," Rickert said. "This combination strengthens our local job market and helps us retain young professionals in the region."

Beth Black, executive director of the Grove City Area Chamber of Commerce, described the college as an integral part of the community. She pointed to its role as a major employer and its ability to attract students, families, and alumni who frequent local businesses.

"Beyond all of this, Grove City College is a good neighbor that supports local organizations, events, and businesses throughout the year," Black said.

College President Bradley J. Lingo said the college aims to be "more than just an academically excellent school." He added, "We strive to be a great place to work and a good neighbor."

Across Pennsylvania, private colleges and universities are responsible for a combined $29 billion in economic impact, accounting for approximately 7% of the state's economy when affiliated teaching hospitals are included, according to AICUP. The report also found that private institutions contribute $1.5 billion in tax revenue statewide.